Each State is designated a share of the stimuluspackage, and California will receive more than $80 billion in funding. The Stimulus package is expected to provide the following for California1: • Expect to create and/or save 396,000 jobs over the next two years • Includes over $15 billion for health and human services and $12 […]
Archive for the ‘Real Estate’ Category
$8,000 Tax Credit Used At Closing for Down Payment
Posted by admin on May 21st, 2009
As part of the economic stimulus package, Congress created a first time home buyers tax credit of $8,000 to be collected at tax time. However, the US Department of Housing and Urban Development (HUD) plans to allow FHA approved lenders to provide home buyers with the up front cash to be used as an immediate […]