States Doing Their Part to Rally Housing Demand, Fix Economy
Recognizing the damaging impact of the housing downturn on revenues and their economies, a growing number of state governments have been taking steps to provide incentives for home buyers. Included among these are programs that enable first-time purchasers to monetize the $8,000 tax credit enacted as part of February’s massive economic stimulus package and use it as a downpayment.
The National Council of State Housing Agencies (NCSHA) has recently established an information clearinghouse on tax credit monetization programs for consumers and other state agencies. To read up-to-date information on these programs, click here. ...