I can understand the government working with private enterprise, to secure low interest loans for minorities and poor folks in general. Having a shot at buying a house is the American dream. But this action by the President is more social engineering, that we can't afford. Add this $200 million to all the other millions and bilions of dollars spent every year, to make everyone equal and then remember whose paying the price here. It's the hardworking American taxpayers who are funding these government programs. Small or large, its comes out of my pocket and your pocket.
Absolutely correct. But I don't mind funding this kind of constructive, good for the nation program. I've seen the difference when owner occupants start to outnumber tenants in some crummy neighborhoods, and it's worth the investment. The key is to get rid of the destructive, feel-good stuff like NEA, etc.
Of course, OTOH, if you wanna propose that we cut the Federal Leviathan in half and rid ourselves of this program amongst many others, I'm right behind ya, my FRiend...MUD