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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ilaine who wrote (91210)4/7/2001 9:00:28 AM
From: flatsville  Read Replies (1) of 436258
 
After all, they'll just wind up living in Section 8 housing, which will cost more to the taxpayer.

Those who qualify for no or low down payment low income home loans are not the same people who would qualify for Section 8 housing. Check the income levels for both programs and you'll see what I mean.

Besides there are less and less Section 8 designated units and fewer vouchers yoy. The Section 8 program has a waiting list. It can take years for a new applicant to move to the top unless for example you're a low income battered woman who successfully completes a program for abused women while staying in a homeless shelter...then you might get fast-tracked to the top of the list...might...or you have a severely disabled child whose condition is aggrivated by current housing conditions...again might...

You seem to think there are blocks and blocks of vacant Section 8 housing or reams of blank vouchers available if low income buyers default on their homes...simply not true.
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