Wednesday, June 30, 2010

Perlmutter Fights To Help Homebuyers Take Advantage of Tax Credit

Washington, D.C. – Today, U.S. Rep. Ed Perlmutter voted with an overwhelming majority of the House to help homebuyers take advantage of the successful first-time homeowner tax credit. The House passed the Homebuyers Assistance and Improvement Act, which will extend until October 1 the deadline for closing a home sale in order to be eligible for the first-time homebuyer tax credit. The legislation passed by a vote of 409 to 5.
Perlmutter stated, “This bill will help up to 180,000 homebuyers nationwide receive the tax credit because they went under contract before the deadline. This will strengthen the housing market and help stabilize and boost our economy. This will help more than 4 million families achieve the dream of homeownership.”

In Colorado , to compliment the Federal First Time Homeowner Tax Credit, the Colorado Housing and Finance Authority (CHFA) implemented the CHFA JumpStart program. This program was designed to help Coloradans use their federal tax credit for down payment or closing costs. According to CHFA, 141 Colorado households have participated in the CHFA JumpStart program, lending $19.1 million to cover the down payment and closing cost assistance. For more information about the JumpStart program, please contact Jerrilyn Martinez at CHFA at

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