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Tue February 9, 2010
Texas Funds Homebuyer Plan For Veterans
By KRWG News
Texas – Texas has announced a $30 million homebuyer initiative targeting veterans.
The funding was announced Tuesday 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.
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Copyright 2010 The Associated Press.