Housing Trust Fund equals ACORN? I'm getting ready to contact Rep Wolf's office and I'd like to be clear when I speak to his office. Do you have something I can look at to show the link?
Sorry for the late delay...I haven’t been in the house lately. Went to my local MCCAIN/PALIN office and got some bumper stickers/t-shirts. :)
http://money.cnn.com/2008/09/28/news/pdf/index.htm
is a PDF file. Look at the top of page 22. This is the part in question by some FREEPers.
…SEC. 105. RIGHTS; MANAGEMENT; SALE OF TROUBLED ASSETS; REVENUES AND SALE PROCEEDS.
(d) TRANSFER OF A PERCENTAGE OF PROFITS.—
(1) DEPOSITS.—Not less than 20 percent of any profit realized on the sale of each troubled asset purchased under this Act shall be deposited as provided in paragraph (2).
(2) USE OF DEPOSITS.—Of the amount referred to in paragraph (1)—
(A) 65 percent shall be deposited into the Housing Trust Fund established under section 1338 of the Federal Housing Enterprises Regulatory Reform Act of 1992 (12 U.S.C. 4568); and
(B) 35 percent shall be deposited into the Capital Magnet Fund established under section 1339 of that Act (12 U.S.C. 4569).
I hope this helps.