| Title |
First-time homebuyer tax credit |
| Agency |
Office of the Governor
North Carolina Housing Finance Agency
|
| Web |
http://www.nchfa.com/Homebuyers/HBwhatweoffer.aspx |
| Description |
NCHFA provides a federal tax credit called a Mortgage Credit Certificate, for first-time homebuyers. This credit lowers the income-tax liability of a first-time borrower, dollar-for-dollar, leaving the homebuyer more money to use toward their mortgage.
|
| Grantee Eligibility |
First-time homebuyers who work with one of the approximately 53 private market lenders (banks, credit unions, etc.) who are approved to participate with NCHFA in the Mortgage Credit Certificate program. |
| Fund |
23010-2100 |
| State |
State Amount not specified |
| Federal |
$99,203,997.77 |
| Other |
Other Amount not specified |
| Funding Year |
2010 calendar year |
| Keywords |
homeownership, housing |
| Assistance |
None |
|