The homeownership marker included in S. 2761 reflects similar legislation (S. 875 and S. 198) sponsored by Senators Smith, John Kerry (D-MA), Rick Santorum (R-PA) and Debbie Stabenow (D-MI) that would help provide affordable workforce housing; stabilize rural, depressed areas and other communities; create new jobs; increase investment and stimulate the economy.
“For several months, Senators Kerry, Smith, Santorum and Stabenow, along with Senator Paul Sarbanes, the ranking member of the Senate Banking Committee, have diligently promoted the tax credit to help boost homeownership opportunities in low-income communities, and NAHB commends them for their efforts,” said Rayburn.
As S. 2761 moves through the legislative process, we look forward to working with Senate lawmakers to strengthen the homeownership tax credit component and help bring the American dream home to tens of thousands of families,” he said.
To read the legislation discussed above, click here and enter the bill number in the box at the upper left.
For further information, e-mail Michael Strauss or call him at 800-368-5242 x8252.
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