Medicaid and other sources of public dollars are able to put liens on individual's homes financed with their funds, thus making it difficult for families to invest money in homes for their adult children, or for homeowners to build any equity. Affordable housing funds predominately benefit non-profit housing providers not individuals. Affordable housing funds do not flow directly to individuals. Both public and private funding for affordable housing needs to be directed to the individual. People with disabilities would be able to own homes if funds were made available to individuals for mortgage buy downs, downpayment and closing costs, rehabilitation, and housing escrow accounts.
Public funds flow through providers.
Public funds flow to agencies, not individuals. Therefore, agencies have the power and the control. Bankers are not required to gather data on people with disabilities and may pass over this underserved group in assessing and addressing community credit needs. CRA reform calls for banks to be evaluated on their performance and to directly involve public input in drafting strategic plans for CRA compliance.