$8K homebuyer credit signed into lawMay 28th, 2009 | By Bea Weiss, Real Estate Consultant, Attorney | Category: Buyer Advise
Gov. Charlie Crist signed the budget bill (SB 2600) that lays out how the state will spend its $65.6 billion in the fiscal year that starts July 1. Included is $30.1 million for the Florida Homebuyer Opportunity Program, which will help with downpayment assistance.
Beginning July 1, those who quality for the federal $8,000 first-time homebuyers tax credit will be able to apply for downpayment assistance before they close on the purchase of their home, and then repay the amount borrowed when they get their tax refund. The program will operate through local county housing administrators, though details are still being worked out.
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