Posts Tagged ‘Economic stimulus’

How The Stimulus Package Impacts Construction In California

Each State has stimulus money allocated to them for different things, California’s share of the stimulus package is approximately $80 Billion. A good majority of this funding is allocated towards Health & Welfare programs for our citizens. Within this allocation is maintenance like drain repair, upgrades, materials like metal, brass, and third rail train equipment, […]

$8,000 Tax Credit Used At Closing for Down Payment

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 […]

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