Posted on 12/05/2005 10:54:35 AM PST by NativeNewYorker
WASHINGTON, Dec. 5 (UPI) -- Federal officials have set aside $200 million to help homeowners whose residences were damaged by recent hurricanes.
The Department of Housing and Urban Development said Monday it will make mortgage payments for up to one year for disaster victims with mortgages insured by the Federal Housing Administration who want to move back home.
To be eligible for this mortgage assistance, families must have homes that are "repairable" within an "adequate" time and in a presidentially declared disaster area designated for individual assistance.
Potential aid recipients must have funds from insurance proceeds, loans or personal resources to complete the repairs and are currently employed or are very likely to return to work within a short period of time.
FHA-insured families in disaster areas whose houses are not damaged, but have lost their source of income as a result of the hurricanes, will also be eligible for this mortgage relief. These borrowers must be able to demonstrate that their primary source of employment was located in an area designated for individual assistance, that they suffered a reduction in income that makes them unable to pay their mortgage and that they are likely to be reemployed within a reasonable period of time.
What circumstance in your life is so drastic that you can go to an agency of force to come to me and take my money?
NONE!
Sorry that Katrina and crooked politicians wiped you out.
Move. Even without any flood waters in your home, your city has been devastated by the politicians that have run your city and state for years.
You knew that there was a risk and the chance of a flood, no matter how slight. Did you buy flood insurance?
I just don't know why you think that anyone else is responsible for you plight.
I'm not sorry if this sounds insensitive. It wasn't meant to be.
Keep you damn money. I don't want any of it. Never did.
These were your words. It certainly sounds like you want our help and our money.
Charity can't be mandated any more than it can demanded. When it is, you will find resentment in the giver.
I was just relaying to SweetCaroline what buttheads like you have been posting.All of my recent posts have been about the attitudes and misconceptions of people on this web site.The help I am referring to is to the city of New Orleans. We are tax paying citizens. If the government can't come to the aid of it's fellow Americans during their darkest hour, what are we paying taxes for? If you can't muster up a little compassion for your fellow citizens when thousands have lost everything, then the hell with you.I don't care if that sounds insensitive. It was meant to be. Like I said, I don't want any of your money.
Try talking out of only one side of your mouth.
You say that you don't want my money, but you think that the federal government should bail you out. That's double talk. You do want my money, but worse, you want to run it throught the federal filter.
The federal government has no legitimate authority to act as Uncle Sugar and pass out money -- even after the worst disaster.
Google and read "Not yours to give" if you don't understand the principle of limited Constitutional government.
Until today, I don't think that I've even commented on Katrina or New Orleans, but keep up your attitude. You'll win a lot of friends with it. No body owes you anything, but America has generously given to help people in your area. They did it for the right reason and I applaud them. 'Charity' through tax dollars extracted at gunpoint is little more than extortion, not charity.
Who said anything about the government bailing me out? I pay taxes. I DON'T WANT YOUR MONEY. Just give me back my own that the government "extracted at gunpoint" Geesh! What a maroon!
S*** happens and you get a refund of your taxes.
It would be nice if it worked that way.
Welcome to the real world.
Whatever....
I've heard that some people are claiming to be hurricane victims even though they are not.our government is so willing to help there are no backround checks... I heard that all people have to say is that theyve lost everything including their I.D.'s and the government will give them a place to live...(Our tax dollars at work)
You raise a good point - a lot of those people did not own their residences. It goes far beyond the "official" public housing, though. Much of the infamous lower ninth ward was occupied by renters (and owned by slumlords).
It's not *exactly* a "tax dollars" issue, unless you disapprove of the Federal Housing Administration in total. FHA (and VA) loans carry a monthly mortgage insurance premium which borrowers must pay until they have approximately 20% equity in the property.
In this case, FHA is using those funds to prevent applicants' loans from going into default, by essentially tacking on a second mortgage which is paid *after* the original term of the loan. Since mortgage insurance exists specifically to ensure that mortgages get paid, this seems like an appropriate action for FHA to take.
Speaking of tax dollars, I'd love to see a list of Section 8 housing in New Orleans outside of the "housing projects" - I bet it'd be astonishing. Of course, all of the "blue" spots on the electoral map have similar problems - Katrina just tore the lid off of those conditions in New Orleans.
It makes one wonder how long those conditions and entitlement mindsets will fester elsewhere.
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