NC OpenBook

State Agency Program

Summary Information

CRIS Program - First-time homebuyer tax credit
 
------------------------------------------------------ State Agency Program Summary ------------------------------------------------------
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