Homebuyer Assistance Programs Extended:
On Nov. 6, 2009, President Barack Obama signed into law an extension and expansion of the $8,000 first-time homebuyer tax credit. Among other provisions, the extension adds money for certain move-up buyers; creates one deadline for signing a contract and a later deadline for closing; changes income requirements; and limits a purchased home’s cost to $800,000. 2009 Florida Realtors® President Cynthia Shelton notes that extending the buyer tax credit and expanding it to reach more homebuyers is the right thing to do, “as it’s critical to maintaining positive momentum in the housing market and in the overall economy.”
As details are clarified and are available, tax credit information will be updated on the Homebuyer Center, which offers Florida Realtors® the tools they need to help potential homebuyers and sellers benefit from these homebuyer assistance programs.
Click Here for a Information Packet About the $8,000 Tax Credit
