Florida Homebuyer Opportunity Program Fund Allocations Announced

The Florida Housing Finance Corporation (FHFC) has announced the amount allocated to local housing authorities for the 2009 - 2010 fiscal year under the Florida Homebuyer Opportunity Program (FLHOP). FLHOP will provide first-time homebuyers with funds for a down-payment using the current $8,000 federal tax credit. The FHFC will hold a rule development workshop in July to implement the FLHOP, meaning that the funds may not be distributed until sometime after July 1. Local county allocations are: (Clay) $350,000; (Duval) $806,179; (Putnam) $350,000; (St. Johns) $350,000.

$8000 Tax Credit To First Time Home Buyers

So, I have blogged about it before, but I keep showing homes to folks who don't know about this great incentive for First Timers out there right now. If you are a First Time Home Buyer AND you purchase your first home in 2009, you will get an $8000 tax credit. This isn't $8000 off your income. This is a credit. So if come next April you owe $10,000, you will get a credit of $8000 and only owe $2000.

This is out of Obama's Package, and you can find more information at

http://www.federalhousingtaxcredit.com/

This is a GREAT incentive! Take advantage of it!

First Time Home Buyer Tax Credit

Want more information on the Tax Credit available from Obama's new plan for First Time Home Buyers? Check it out here (have to purchase in 2009 - so get off the fence!)

http://www.federalhousingtaxcredit.com/