The Impact of COVID-19 on Down Payment Assistance Programs

by Rob Chrane, CEO, Down Payment Resource

We’re closely monitoring the impact of today’s unprecedented environment on Down Payment Assistance (DPA) programs and first-time homebuyers. Lenders are managing extreme refinance demand and volatility in the MBS market. Homeownership program providers are not only taking expected precautions, but also reacting to the same MBS volatility that in some cases is impacting the funding of certain program types.

Fortunately, there are many programs and funding mechanisms. The impact so far has been limited, but the situation remains fluid. keep reading

Down Payment Resource Presents Beverly Faull Affordable Housing Leadership Award to Tonya Todd

Tonya Todd awarded 2019 Affordable Housing Leadership Award

Tonya Todd honored for championing affordable housing programs

Atlanta, GA, February 13, 2020 — Down Payment Resource (DPR) is proud to announce Tonya Todd, Housing Director for HilltopSecurities, as the 2019 recipient of the Beverly Faull Affordable Housing Leadership Award.

The award, named in memory of accomplished real estate veteran Beverly Faull, recognizes an individual who has demonstrated leadership in providing more access to homeownership and affordable housing finance solutions. Faull was a well-respected veteran in the MLS and housing industry and one of DPR’s first employees. keep reading

Down Payment Resource Presents Beverly Faull Affordable Housing Leadership Award to John O’Callaghan

O’Callaghan honored for his positive impact on affordable housing in Atlanta

Atlanta, GA, January 15, 2019 — Down Payment Resource (DPR) is proud to announce John O’Callaghan, President and CEO of the Atlanta Neighborhood Development Partnership, Inc. (ANDP) as the first recipient of the Beverly Faull Affordable Housing Leadership Award.

The award, named in memory of accomplished real estate veteran Beverly Faull, recognizes an individual who has demonstrated leadership in providing more access to homeownership and affordable housing finance solutions. keep reading