Tax credit

Fannie awaits Treasure approval of tax-credit sale

November 6, 2009 - 6:31am | News | Other themes

Fannie Mae announced about a deal to sell $2.6 billion in unused low-income-housing tax credits. The names of the buyers are not disclosed but the deal has been already approved by its federal regulator, the Federal Housing Finance Agency, in a filing Thursday with the Securities and Exchange Commission.

Fannie Mae | Goldman Sachs Group | Tax credit | the Federal Housing Finance Agency | the Treasury Department

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US lawmakers extending and expanding $8,000 federal tax credit for homebuyers

October 16, 2009 - 9:56am | Law aspects | News

Lawmakers are trying to extend and expand an $8,000 federal tax credit for first-time homebuyers, a stimulus-package tax break that many regard as a significant prop for the still-tottering economy.

The latest Senate proposal would drop the requirement that the credit be available only to first-time buyers, broadening the reach of the program but also adding to its cost, estimated by congressional analysts at $16.7 billion.

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Up to $15,000 tax credits may boost house sales up to 40%?

June 22, 2009 - 8:25am | Law aspects | News

The rise of a tax credit from the present $8,000 to $15,000 for first time-time home purchasers is being called by lawmakers and businesses. In their view, this would positively affect the sale of houses and result in higher sales as up to 40% of house purchases are made by first-time home purchasers according to the National Association of Realtors.

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