850 Billion Dollar Stimulus Package

Easy!

http://www.americanthinker.com/blog/2009/01/acorn_eligible_for_billions_fr.html

 

I'll do it for you then. Im that nice of a guy. lol.
Heres how it works.
The money would be distributed out to groups to buy up abandoned and foreclosed homes, to rehab them and then sell or rent them out. The govt has a program like this but its only for government agencies. I think the criteria you speak of is that they have opened it up to non-profits, which ACORN is. But that doesnt designate any money towards ACORN exclusively, your statement is misleading at best.
The majority money for the neighborhood fund goes to local governments. Under this plan nonprofits can COMPETE to do some of the work. They would have to prove to the govt that they can move the money out quickly and not sit on it. Then they would have to use the money to purchase these houses and rent or sell them. They cant use it for anything else.
ACORN has never done any kind of foreclousre real estate work, where they buy and rent or sell houses.

I know what Americanthinker is Sabanfan, pull that wool over somebody esle eyes. Not mine, my friend.

 

The package bypasses state and local governments who have in the past received neighborhood stabilization funds exclusively.

Look HERE

The wording in the stimulus bill adds private non-profits to the bid process. HUD has not established the exact criteria for awarding monies but it would stand to reason they would be very similar to past criteria no?

HERE IS THE CRITERIA FOR PAST FUNDS

HERE IS THE APPLICATION FOR PAST FUNDS



The bill calls for HUD to essentially require the same criteria as those being met by states and municipalities. Who fits that mold? ACORN.

Why you say? Because the ACORN HOUSING ADMINISTRATION is the only organization in the country that parallels state and local housing authorities. They will be the only ones, outside of state and local government, who will have the ability of leveraging bids and are already HUD certified.

Pretty much a process of elimination.

 

2 Different entities ACORN and ACORN Housing. Lets wait and see how much in funds they get before anyone proclaims that they are getting money directly for fraud or whatever you want to accuse them of.

We will have to agree to disagree here until it actually happens or doesnt happen. But to say they will get the money directly is misleading.

Honestly I dont agree with the provision in the stimulus to allow non-profits, the reasoning is bogus by saying some local govt will refuse it, well they could have sought a provision for it to be voted on in local govt, just like they did with the state funds.

The future will tell.

 

Show me one inaccuracy in the article I linked.

 

Thats conservative critical commentary, not facts. Highly inaccurate.

 

I dont disagree about direct payment. ACORN is not getting anything directly but I believe the parameters point towards ACORN (and its subs) from being the only show in town that can compete with state and local.

 

I can agree with that, thats why I said I didnt agree with the provision in the first place, they could have avoided it and went another direction to ensure the final product of this part of the plan.
But I seriously doubt if they will be the only game in town, they will have to face fierce competition and probably wont get any contracts because of the past acquisations they have faced.

 

I agree, but unfortunately it still leaves too much control in the hands of the banks that are already unwilling to help. The Hope for Homeowners foundation, which was given 400 mil to assist with the restructuring of some 10 million homes in foreclosure; of the over 200 thousand that have applied for help only 64 mortgages have been restructured and saved peoples homes, to date.

Obama is trying, but is fighting a bureaucratic wall of unresponsive azzez, that aren't interested in doing anything except using the stimulus package to send exects on multi million dollar retreats, buying jets, paying bonuses, and covering their arses for the predatory lending practices that got them in this mess.

 

ACORN is an unwitting pawn in this game of politics. NOT:

http://www.huffingtonpost.com/bertha-lewis/acorn-helps-lead-progress_b_155908.html