The Nehemiah Corporation of California free essay sample

An analysis of the down payment assistance corporation, the Nehemia Corporation. An overview of the Nehemiah Corporation of California. The author explains that this corporation is the largest privately-funded down payment assistance program for affordable home ownership. This essay examines the purpose of this corporation, when it was developed and how it operates. The purpose of the Nehemiah Corporation of California named from a Biblical story in which Jerusalem was rebuilt is to provide affordable income to people. Don Harris the founder of the Nehemiah Corporation of California, started this program at a time when government funds for housing and affordable housing programs were disappearing throughout our nation, and along with them, the American Dream of affordable home ownership. Now, The Nehemiah Program is the largest privately-funded down payment assistance program in the nation. Since 1997, The Nehemiah Program has assisted over 97,000 homebuyers to become homeowners nationwide. (Broder). Harris is a real estate lawyer who was approached by the owner of a 120-unit townhouse complex, annoyed that most of his prospective tenants couldnt afford to pay the down payment required for the homes. We will write a custom essay sample on The Nehemiah Corporation of California or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Harris then researched FHA and IRS regulations to learn that it was legal for a family member or a non-profit organization to donate money for down payments to qualified buyers.