Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Peter Dierks who wrote (60007)	2/24/2009 4:26:07 PM
From: lorne	3 Recommendations Read Replies (2) of 224729

Public funds to pay for private debt Houston aims to clear balances so some can buy homes By CAROLYN FEIBEL Copyright 2009 Houston Chronicle Feb. 23, 2009, 10:19PM Houston taxpayers could start footing the bill to help first-time homebuyers pay off debts and improve their credit scores, under a proposal before City Council this week. The “Credit Score Enhancement Program” will give up to $3,000 in grants to individuals who are trying to qualify for mortgages through the city’s homebuyers assistance program. City officials say some applicants fall short of eligibility by only 10 or 20 points on their credit scores, and paying off some debt balances can quickly improve their numbers. The proposal has aroused critics who say the city should not use public funds to help people pay down car loans, credit card balances, or other debts — even if the slight credit bump would help them realize the dream of home- ownership. Full article... chron.com

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