I'm glad to see some small step forward into helping others realize the American Dream of home-ownership. This bill has nothing to do with the way the housing bubble was created. Many Americans could afford to own their own home, but don't know how or where to find low-cost homes or mortgages that aren't exploitative. This program could help.
The bill does not provide a funding source, but at least it puts the program in place. When PA has the funds in a year or two, the program can get rolling. This can help turn vacant, blighted neighborhoods into nice places to live. No wonder its received such bi-partisan support.