Exposing New Home Builders: Janet Ahmad, HOBB President Testimony on Affordable Housing

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November 22, 2007

Janet Ahmad, HOBB President Testimony on Affordable Housing

HOBB: Subcommittee Testimony on Affordable Housing

Houston, Tx.-"Affordable Housing promotions promised hope and opportunity for the American Dream to families for a brighter future. Unfortunately, the ever-opportunistic building industry saw it as a promise for mega profits that has left a landscape of decline in home quality and values throughout new communities due to shoddy construction and widespread mortgage schemes that ensnared naive buyers... Before launching anymore affordable housing programs, members of this subcommittee should consider the unprecedented failed federally funded public housing programs, failures to build homes that will last, and the abuses of sub-prime, zero-down payment assistance scams...The economy that thrived through frequent greed of selling affordable houses, no matter the price, now threatens our entire economy." Read more...
10/31/07

Posted by Inspector12 on November 22, 2007 at 10:17 AM in Activist Action, Affordable Housing, Anti-Affordable Housing, Builders Greed, Builders Money, Builders Shady Tactics, Code Violations, Construction Defects, Crooked Builders, Current Affairs, HOBB, Home Builders' Soiled Histories, Lawsuits, Legislative Issues, LoopHoles, Mandatory Abritration, RedFlags, Special Reports, Volunteer, Weblogs | Permalink

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Exposing New Home Builders