Democrats introduce 15K first-time homebuyer tax bill

A couple of Democratic Party Congressmen have introduced a new tax bill called the “First-Time Homebuyer Act” that will, if passed, provide a tax credit for first-time home buyers of up to 10% of the purchase price of their new home, or $15,000. The bill, proposed by representatives Earl Blumenauer (D-OR) and Rep. Jimmy Panetta,

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Biden tells HUD to reassess its Fair Housing policies

New U.S. President Joe Biden has put racial equality in housing at the top of his agenda in his first week in the White House. On Tuesday he signed several executive orders, including one that directs the Department of Housing and Urban Development to reassess the impact of regulatory actions on fair housing policies and

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Biden to provide $25 billion in rental assistance

U.S. President-elect Joe Biden last week announced a stimulus plan worth $1.9 trillion that included several housing-related proposals aimed at helping people to stave off the economic impact of the coronavirus pandemic. The proposals would extend the moratorium on evictions and foreclosures until Sept. 30, provide an additional $25 billion in rental assistance to help

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