Jan 25 2008
Nehemiah Corporation of America Reaches $1 Billion Milestone In Private DownPayment Assistance Gifts
Sacramento, CA – January 24, 2008
Nehemiah Corporation of America, the oldest and largest provider of private downpayment assistance in the United States, today announced that the non-profit has provided more than $1 billion in mortgage downpayment assistance through The Nehemiah Program®. Initiated in 1997, The Nehemiah Program® has helped over 250,000 minority and low to moderate income families become homeowners to date. The Program reported substantial growth in 2007 as banks and mortgage lenders abandoned risky products once promoted to low and moderate income families and returned to the stability and affordability of mortgage products offered in conjunction with FHA loan insurance.