All Funds for the Neighborhood Stabilization Program through MHDC have been reserved. Don't wait until it's to late to get the First Time Homebuyer tax credit

MHDC had a program where the purchaser of a foreclosed property could get a credit of 20% of the sale price, up to $14,999

The NSP funds have been fully reserved as of Sept. 1, 2009. They will be accepting reservations on the waiting list to handle some fall out of the current reservations.

The first time home buyer federal tax credit of up to $8000 is set to expire on December 1, 2009

Don't wait until it is to late to claim that credit! You'll need to find your home quickly, so it will close on November 31, 2009 or sooner. It could take 30 to 60 days for your loan to go through, so the time to find a home is now!

You can still borrow your down payment through MHDC and repay the loan when you receive your refund check. If you have questions, don't hesitate to call!