Jeffrey Lubell, the Executive Director of the Center for Housing Policy in Washington, DC writes commentary called: [Let’s Talk Out Loud About ‘Silent Mortgages’ [WSJ]](http://online.wsj.com/article/SB113686671037142475-search.html?KEYWORDS=housing&COLLECTION=wsjie/6month)

For the devastated Gulf Region, silent mortgages could be an effective way to rebuild in addition to FEMA grants and SBA loans.

[Download the discussion draft [pdf]](http://www.nhc.org/pdf/policy_emerg_shltr_093005.pdf)

>With silent mortgages, no payments are due
>until the homes are resold. Because the source
>of repayment is the property itself, rather than
>the family’s income, poor credit and low incomes
>are less significant obstacles, enabling far more
>families to qualify.