New law leaves AmeriDream without a mission

Suggestion- how about trying the same mission that ejected Congressmen (like, oh, Christopher Shays for example) are now faced with: find honest work.

Since its founding in 1999, the organization has helped nearly 274,000 homebuyers by funneling seller cash gifts to them. It earns a fee of $500 for each sale and became one of the largest such charities in the country.

All that came to an end on Oct. 1, when seller-funded down payments became illegal, leaving AmeriDream with an estimated $32 million collected before the ban and plenty of downtime to ponder its future.

“Obviously, we’ve been working to get it reinstated,” said Ann Ashburn, chief executive officer of the charity, which serves as a conduit for home sellers to provide cash gifts to buyers so they qualify for Federal Housing Administration insurance.