St. Louis Real Estate
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I’m not sure why the Missouri program aimed at stimulating the housing market hasn’t gotten more press. I first wrote about the MHDC Hope Program in March and several of my clients have gotten money from the state of MO for purchasing a home this year. In a nutshell, the MHDC Hope program will pay [...]
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Missouri home buyers who purchase a home in 2010 can get $1,750 from the state of Missouri after closing in addition to the federal tax credit offered for eligible 1st time buyers and current homeowners. MHDC’s HOPE Program: The Missouri Housing Development Corporation (MHDC) is offering an incentive to help Missouri home buyers purchase a [...]
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The Missouri Housing Development Commission (MHDC) offers a number of programs to strengthen communities and provide affordable housing. The MHDC website describes their purpose as: MHDC has invested almost $4 billion to construct, renovate and preserve affordable housing. MHDC functions as a bank, providing financing directly to developers of affordable rental properties. The commission also [...]
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Missouri officials have just made it a little bit easier for home buyers this year. Last year, Missouri (MO) was the first state to set up a program which allowed first time buyers to use most of the federal housing tax credit money for their down payment. On Friday, Missouri did it again. Missouri Property [...]
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Earlier this year, the federal government created an $8000 first time buyer tax credit in an attempt to stabilize the housing market. However, since the money is provided to taxpayers through a tax credit after closing, many eligible buyers have struggled to come up with the money for the down payment and closing costs that [...]
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First time buyers that are thinking of buying a home or condo this year are in luck. Take a look below for the basics on how the tax credit works and how Missouri residents can get most of the tax credit up front so that they can use it on closing day to cover the [...]
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