KRWG: Texas Funds Homebuyer Plan For Veterans (2010-02-09)

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Texas Funds Homebuyer Plan For Veterans

KRWG News (2010-02-09)

TEXAS (krwg) - Texas has announced a $30 million homebuyer initiative targeting veterans.

The funding was announced Tuesday by Gov. Rick Perry and the Texas Department of Housing and Community Affairs.

The state, through TDHCA, is releasing $30 million in mortgage credit certificate authority through its Texas Mortgage Credit Program.

The first time homebuyer status requirement is waived for qualifying veterans who have received an honorable discharge.

The program makes home ownership more affordable by providing a dollar for dollar reduction of a borrower's tax liability, not to exceed $2,000 annually. Some other restrictions apply.

On the Net:

www.myfirsttexashome.com

Copyright 2010 The Associated Press. © Copyright 2012, krwg


Last updated 11:14AM ET February 16, 2012 Inside Newsroom Top Stories Regional US World Business Science News Arts & Culture Weather Local Viewpoints In Focus Today Images Top Teens PUENTES Fronteras-A Changing America askNMSU (asknmsu @ nmsu.edu) krwg Archive Search NewsRoom Search NewsRoom go Search krwg Advanced Search Tools Tools Email the Newsroom RSS Feeds Regional Regional Texas Funds Homebuyer Plan For Veterans KRWG News (2010-02-09) TEXAS (krwg) - Texas has announced a $30 million homebuyer initiative targeting veterans. The funding was announced Tuesday by Gov. Rick Perry and the Texas Department of Housing and Community Affairs. The state, through TDHCA, is releasing $30 million in mortgage credit certificate authority through its Texas Mortgage Credit Program. The first time homebuyer status requirement is waived for qualifying veterans who have received an honorable discharge. The program makes home ownership more affordable by providing a dollar for dollar reduction of a borrower's tax liability, not to exceed $2,000 annually. Some other restrictions apply. On the Net: www.myfirsttexashome.com Copyright 2010 The Associated Press. © Copyright 2012, krwg
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