Another hit to the economy: Down Payment Assistance is officially killed

In the face of tightening credit, increased loan restrictions, rising costs of gas and food, and of course the biggest bailout for the wealthy ever, Americans were dealt another blow yesterday when Down Payment Assistance (DPA) programs were officially killed by the Housing and Economic Recovery Act Bush signed into law in July of this year. Critics say it’s a major blow to the economy, women, and low-income families.