you're reading...
Member News, News and Info

DSHA Holds Mortgage Tax Credit Homeownership Event

June 3, 2014

This afternoon, Governor Jack Markell today joined DSHA Director Anas Ben Addi to announce the extension of a program that allows first time homebuyers to claim a credit on their federal income taxes.

photoa

The Delaware First Time Homebuyer Tax Credit entitles first-time homebuyers who purchase a home in Delaware as their primary residence to take a federal income tax credit up to $2,000 each and every year as long as the homebuyer occupies the home and has the mortgage loan.

photo

First offered in July 2013. the program has generated more than $8.4 million in federal tax credits for more than 160 first-time Delaware homebuyers.  Due to the huge demand for the tax credit, DSHA is infusing an additional $62.8 million which will fund the program through 2016 and is expected to assist another 1,200 home buyers!

Builders and Realtors should take note of this additional tool to help sell more homes.

DSHA offers low-rate mortgages to both first-time and repeat buyers.  To qualify, applicants will meet area income and purchase price requirements.  Income limits and maximum purchase prices vary by county location and size.  DSHA can also assist homebuyers with downpayment and closing cost assistance.  Homebuyers should apply to a participating lender, a list of which can be found at http://www.destatehousing.com or by calling (888)-363-8808

About HBA of Delaware

HBA/DE has been an integral part of the growth and economic development of the State of Delaware since 1947. HBA/DE was founded as a non-profit state affiliate of the National Association of Home Builders (NAHB) representing home builders and other businesses directly related to Delaware's Home Building Industry. Consisting of Builders, Remodelers and a group of diversified associate members, the Home Builders Association of Delaware strives to protect and preserve housing as a symbol of America. www.hbade.org

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

back to HBADE Website

RSS NAHB Now

  • Awards That Give Remodelers National Prestige July 26, 2017
    The most successful companies typically implement innovative strategies, deliver superior products, and consistently provide high-quality service. But rather than simply saying your work is exemplary, validate it with an award through NAHB Remodelers.
    NAHB Now
  • July’s Remodeler of the Month: Follow Your Instincts July 25, 2017
    Resigning from a corporate career and starting your own business can be a difficult and scary proposition. It can also be very rewarding, if you have a quality product and strong work ethic. Just ask the NAHB Remodeler of the Month for July, Sean Beliveau, owner of Slate Creek Builders in Blacksburg, Va.
    NAHB Now
  • Senate Panel Approves $40.24 Billion HUD Budget for Fiscal 2018 July 25, 2017
    The Senate-T-HUD Appropriations Subcommittee today approved $40.24 billion in appropriations for HUD for fiscal 2018, which starts Oct. 1. This is an increase of $1.4 billion above the current level.
    NAHB Now
%d bloggers like this: