New HUD News on First Time Buyer Tax Credit
Friday, May 29th, 2009The following is excerpted from a HUD news release:
“…announced that the Federal Housing Administration (FHA) will allow homebuyers to apply the…$8,000 first-time homebuyer tax credit toward the purchase costs of a FHA-insured home.
…Today’s announcement details FHA’s rules allowing state Housing Finance Agencies and certain non-profits to “monetize” up to the full amount of the tax [...]

