“Who in their right mind would buy equity in a home that is going to be lived in by section 8 type home owners?”
The taxpayer with a gun to their heads.
Yeah.... This whole deal stinks from every perspective. Because even though the tax payer funds the government program that funds the bank or mortgage company.... 15 years from now when all of these deals go south because the houses have depreciated so that there is NO equity.... it will be time for another bailout.