Feds reverse rule to assist first-time home buyers downpayment assistance

May 19, 2009 | Brian Lebars  | Comments: (1)

Federal officials on Monday reversed an earlier decision to allow first-time home buyers to use an $8,000 tax credit to borrow the down payment on a home.
A week earlier, U.S. Department of Housing and Urban Development Secretary Shaun Donovan had told the National Association of Home Builders that HUD would let banks and local governments [...]

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