Archive for May, 2009
New Info on Down Payment Assistance Using $8k Tax Credit
WASHINGTON – May 29, 2009 – The U.S. Department of Housing and Urban Development (HUD) released more details today about its program to help first-time home buyers use a tax credit as part of a down payment. HUD announced the program on May 12 at the National Association of Realtors® Housing Summit. In the interim, [...]
2009 Florida Budget Approved… and Good News For Home Buyers!
After an extended session, the Florida Legislature has adjourned and approved a $66.5 billion budget. The budget includes a few positive items for home owners and new home buyers. The highlight is $30.1 million for down payment assistance programs. Beginning July 1, those who qualify for the federal first-time home buyers tax credit will be [...]
Chinese Drywall Issues Hit Tampa Bay Area
While the rest of the world is focused on Swine Flu, Tampa Bay REALTORS are keeping a close eye on the chinese drywall issues. We’ve just found out about the first case in the Tampa Bay area. It was announced last month that Lennar Corp was named in the class action lawsuit regarding Chinese drywall. [...]
End of Session Recap
The Florida House and Senate have completed their 60th day of the 2009 session. While this is the day they should be adjourning, the 2009 regular session of the Florida Legislature has been extended a full week. The purpose of the extension was to allow more time to finalize the budget. During the regular session [...]