30 seconds on the Obama programs for homeowners

I'm writing about this for Commonwealth , and figured I'd post the following very brief explanation, in case you're confused. There are two significant "programs" from the Obama administration that affect home buyers and homeowners. 1. The American Recovery and Reinvestment Tax Act of 2009. Among other things , it provides for a tax credit of up to $8,000 for "first-time buyers" who purchase a home before November 30, 2009. ("First-time buyers" means you haven't owned a home since 2005.)

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