Hmmm... Worth considering as a better alternative to the give-away programs currently sucking money out of American taxpayers pockets.
The National Assn of Homebuilders has representatives in Washington DC
today pressing for passage of a bill, "Fix Housing First." In a nutshell, the two key provisions are:
(1) The federal government would offer a tax credit of between $10,000
and $22,000 (depending on locale) to anyone closing on the purchase of a
home, new or resale, by December 31, 2009. The credit would not have to be
repaid, which is a major upgrade from a tax credit passed last summer; and
(2) The government would provide a federally-subsidized 30-year fixed
rate mortgage of 2.99 for all home purchases, new and resale, closing by June
30, 2009. After that, the rate would be 3.99 for purchases closing by December 31, 2009.
Visit www.FixHousingFirst.com for full details and a direct link to your
Senator and Representative.
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