Brenton Graves, San Jose

The Bay Area (Silicon Valley, and surrounding Counties) need to be recognized for the need of an adjustment of a higher loan value in regards to Freddie Mac Guidelines.

The vast majority of home values are too large and don’t qualify under the current limits. There is a need for an exception to this limit, implementation of some allowable adjustments or just raising the limit overall.

If something is not done immediately, with the help and persistence of the Obama Administration regarding this issue, homeowners will continue to default and foreclosures will mount. The area is the “HUB” of the world for all tech innovation and a leader in “Green Technology.” To allow further deterioration of this real estate market in this Bay area, would be a travesty that would resonate for many years to come. The “Domino” affect, would have a long lasting toll on the future of Tech and Green progress and such affect would reach to the rest of the world, causing disruption and unnecessary delay in progress and stability of many things that are in current dismay.

I urge the Obama Administration to act quickly, to try to find a resolve to accommodate the higher valued homes in these areas, and as well as other areas of the U.S. that have the same needs.

It is just as hard to be able to purchase a home in these areas here, as it is anywhere else in the U.S. (perhaps, even harder here) and the same help and consideration should be given to all homeowners on an even level by Freddie Mac (and Fannie May).

There should be no distinction or discrimination for any homeowner trying to save their home, especially based on values that are not in their control, but rather dictated by market area. STOP FORECLOSURES!

FULLY FUND THE NATION HOUSING TRUST FUND

ALLOW FOR MORE SECTION 8 VOUCHERS: (SANTA CLARA COUNTY IS JUST ONE OF A FEW IN THE U.S. THAT HAS “MTW” PROGRAM WITH HOUSING AUTHORITY)

BUILDING PUBLIC HOUSING IS A NEED THAT WILL ONLY CONTINUE TO GROW AND THE NEED WILL AND “IS” WORSENING DAILY.

DELAYING THIS MORE WILL ONLY CREATE A GREATER HARDSHIP ON ALL FELLOW AMERICANS.