State releases $7.5 million for down payment loans in advance of homebuyer federal tax credit
AUSTIN, TX - July 7, 2009 - (RealEstateRama) — Do you consider yourself a would-be first time homebuyer eager to take advantage of current market conditions and the new federal homebuyer tax credit but don’t have enough ready cash on hand to make a down payment? The Texas Department of Housing and Community Affairs (TDHCA) has a solution for you.News || Laws & Taxes
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- Deadline Nears for First-Time Homebuyer Tax Credit and State’s Down Payment Advance Loan Program
SPRINGFIELD, IL - September 4, 2009 - (RealEstateRama) -- The end is nearing for the first-time homebuyer tax credit. In order to qualify, homebuyers must close on or before midnight on November 30th of this year to qualify for the tax credit. The National Association of REALTORS® estimates close to two million first-time buyers will have taken advantage of the...
- State housing agency releases $81 million in first time homebuyer funds
AUSTIN, TX - August 20, 2009 - (RealEstateRama) -- The Texas Department of Housing and Community Affairs (TDHCA) has released $81 million in mortgage loan funds available to help qualifying households purchase their first home. Homeownership promotes stable families and neighborhoods, generates local economic development with construction jobs, and supports local governments with increased tax revenue....
- State housing agency releases $160 million for First Time Homebuyer program
AUSTIN, October 3, 2007 — Keeping the dream of homeownership alive despite a slow-down in the mortgage market, the Texas Department of Housing and Community Affairs (TDHCA) today announced the release of $160 million for 30-year fixed rate mortgage loans starting at 5.75 percent for qualifying first time homebuyers. ...
- Governor Paterson Announces Federal Homebuyer Tax Credit Cash Advances For Eligible SONYMA Borrowers
Albany, NY - December 15, 2009 - (RealEstateRama) -- Governor David A. Paterson today announced that New York State will offer cash advances of up to $8,000 on the Federal homebuyer tax credit for borrowers using a State of New York Mortgage Agency (SONYMA) mortgage to purchase a home....
- $40 Million in Federal Tax Credit Assistance for Low Income Housing Development Announced
UNION CITY, NJ - May 28, 2009 - (RealEstateRama) — Governor Jon S. Corzine today lauded the announcement by Department of Community Affairs (DCA) Commissioner Joseph Doria of the award of $19.5 million in federal Low Income Housing Tax Credit Funds (LIHTC) and the designation of $20.6 million in American Recovery and Reinvestment (ARRA) funding through the Tax Credit Assistance...
- Florida Realtors® Support Push to Advance Homebuyer Tax Credit Aid
ORLANDO, FL - April 07, 2009 - (RealEstateRama) — Finding a way to turn a new $8,000 federal tax credit for first-time homebuyers into money that they can use right away for a downpayment would spark the recovery of Florida’s housing market and boost the state’s economy, says Cynthia Shelton, 2009 president of the Florida Association of Realtors® (FAR)....
- Simpson Supports Extension of Homebuyer Tax Credit
Washington, DC - November 6, 2009 - (RealEstateRama) -- The U.S. House of Representatives today overwhelmingly passed legislation extending the First-Time Homebuyer Tax Credit Provision through April 30, 2010. The bill also creates a new tax credit for move-up buyers who have lived in their current residence for at least five years. The expanded tax credit was included as part...
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Articles Category: Laws & Taxes
- Attorney General Corbett cautions consumers to be wary of online real estate or vehicle sales scams
HARRISBURG, PA - February 8, 2010 - (RealEstateRama) -- Attorney General Tom Corbett today cautioned Pennsylvania consumers to be alert for possible scams linked to online ads for rental homes and apartments, along with Internet "for sale" ads and auctions for cars, motorcycles and other items.
- Dorgan Says 3,400 North Dakotans Have Used Homebuyer Tax Credit
WASHINGTON, D.C. - February 8, 2010 - (RealEstateRama) -- U.S. Senator Byron Dorgan (D-N.D.) said today that 3,400 North Dakotans have used the First Time Homebuyer Tax Credit passed last year by Congress as part of a major economic recovery bill.
- Titus Statement on 4th Quarter GDP Increase
Washington, D.C. - January 29, 2010 - (RealEstateRama) -- Congresswoman Dina Titus of Nevada's Third District released the following statement today on the news that the economy grew 5.7 percent in the fourth quarter of 2009, the fastest pace since 2003.
- CFO Sink Encourages Floridians to Claim Earned Income Tax Credit and Undelivered Refunds
TALLAHASSEE, FL - January 29, 2010 - (RealEstateRama) -- Florida CFO Alex Sink is urging Florida taxpayers to find out if they may be one of the estimated 10,000 Floridians who qualify for the Earned Income Tax Credit (EITC), a federal tax credit for low-income working individuals and families, on Earned Income Tax Credit Awareness Day 2010. Eligible Floridians are due back an estimated $15 billion, on top of what they already may be claiming on their taxes, if they all claimed the EITC.
- Investigation by Federal, State and Local Task Force Leads to Mortgage Fraud Charges Against Six People Involving Million-Dollar Plus Houses
CINCINNATI, OH - January 29, 2010 - (RealEstateRama) -- A two-year investigation by the Greater Cincinnati Mortgage Fraud Task Force has resulted in a seven-count indictment charging two Cincinnati area home builders, a former Huntington National Bank vice president, and a self-employed tax preparer and interior designer with participating in a mortgage fraud scheme to sell four high-end luxury properties to “straw buyers.”
- Manhattan Real Estate Developer Sentenced to Four Years in Prison for $27 Million Mortgage Fraud and Ponzi Scheme
New York, NY - January 28, 2010 - (RealEstateRama) -- PREET BHARARA, the United States Attorney for the Southern District of New York, announced that Manhattan real estate developer MICHAEL HERSHKOWITZ was sentenced today to four years in prison for his participation in a $27 million Ponzi scheme involving fraudulent loans secured by nonexistent mortgages.
- First-time buyers dominate Illinois housing market
More than half of home buyers in the 2009 Profile of Illinois Home Buyers and Sellers were first-time buyers, due in large part to the first-time homebuyer tax credit stimulus and increased affordability in home prices in the last year. The survey results released by the Illinois Association of REALTORS® (IAR) found 51% of buyers were first-time buyers, compared to 47% nationwide (a figure which has averaged closer to 40% nationwide since 2001). When asked about the primary reason for timing of the home purchase, 46% of first-time buyers said it was just the right time.