State debuts $30 million homebuyer initiative for vets - Nancy Furst
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State debuts $30 million homebuyer initiative for vets

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State debuts $30 million homebuyer initiative for vets

Associated Press

Feb. 9, 2010, 1:22PM

AUSTIN — Texas has announced a $30 million homebuyer initiative targeting veterans.

The funding was announced today by Gov. Rick Perry and the Texas Department of Housing and Community Affairs.

The state, through TDHCA, is releasing $30 million in mortgage credit certificate authority through its Texas Mortgage Credit Program.

The first time homebuyer status requirement is waived for qualifying veterans who have received an honorable discharge.

The program makes home ownership more affordable by providing a dollar for dollar reduction of a borrower's tax liability, not to exceed $2,000 annually. Some other restrictions apply.


Nancy@CallNancyFurst.com

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