Oregon taxpayer-funded group Hacienda Community Development Corp. is participating in a generous program to help individuals buy homes; however, none of the recipients can be American citizens.
The funds come from the state’s tax-funded Economic Equity Investment Program, a program that aims to build economic equity for disadvantaged people, which allocated a $692,775 grant to Hacienda, reports the New York Post.
Hacienda CDC is reportedly offering $30,000 for down payment assistance for eligible new homebuyers through their Camino a Casa program, according to a screenshot first reported by X user Oregon Citizen. “Clients work closely with financial coaches and HUD-certified housing counselors throughout the entirety of the homebuying process. In addition to mortgage readiness and financial fitness workshops, we provide various opportunities for down-payment assistance,” the organization states.
The Daily Caller News Foundation delves into greater detail:
Hacienda CDC is partially funded through the Economic Equity Investment Program (EEIP), an equity-based beneficiary project established through the Economic Equity Investment Act (SB 1579), which the Oregon legislature passed in 2022. The organization receives millions in Oregon state taxpayer money and federal taxes through the U.S. Department of Housing and Urban Development (HUD), according to its recent annual report.
The EEIP was initially given $15 million to distribute to organizations that would uphold their equity requirements and help individuals buy land and property, start businesses, and build intergenerational wealth. In 2024, the state legislature allocated another $8 million to the EEIP to fund organizations, including Hacienda CDC, that provide “culturally responsive services to support economic stability, self-sufficiency, wealth building, and economic equity among disadvantaged individuals, families, businesses, and communities.”
https://twitter.com/oregoncitizen_/status/1821750764785824084?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1821750764785824084%7Ctwgr%5E68cddb4777e72a44c71edf52f7f96db25992d544%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fdailycaller.com%2F2024%2F08%2F21%2Fhacienda-community-development-oregon-non-citizens-down-payments%2F
