Congressman Tim Mahoney to Host Roundtable at Dunbar Village on Rangel-Mahoney
Bill to Give Interest-Free Loans to First-Time Homebuyers
WEST PALM BEACH, Fla., April 18 /PRNewswire/ -- Congressman Tim Mahoney,
co-sponsor of the Housing Assistance Tax Act of 2008, introduced by House
Committee on Ways and Means Chairman Charles B. Rangel, will host a roundtable
on Monday, April 21, from 10-11.30 a.m. at Dunbar Village on legislation to
give interest free loans to first time home buyers.
The Roundtable will be held in the boardroom of the West Palm Beach
Housing Authority (1715 Division Ave, West Palm Beach).
"We welcome this opportunity to provide a platform for Congressman Mahoney
to share his views on the proposed legislation to help stabilize the housing
market, improve access to affordable housing and assist families in the
purchase of their first home," Laurel Robinson, Executive Director of the West
Palm Beach Housing Authority said.
The legislation which goes before the House of Representatives for
consideration, provides tax credits to first-time homebuyers, improves access
to low-income housing and allows families to deduct property taxes. The
first-time homebuyer tax credit would provide individuals and families with a
refundable credit (equivalent to an interest-free loan) of ten percent of the
purchase price of their home (up to $7,500). Taxpayers would be required to
repay any amount received under this provision to the government over 15 years
in equal installments. The credit will be phased out for taxpayers with
adjusted gross income in excess of $70,000 ($110,000 in the case of a joint
return).
With a mission to provide those with limited financial resources access to
safe, decent and affordable public housing and programs to assist in
transition to greater financial security, the West Palm Beach Housing
Authority owns and operates 712 units in five housing developments: Dunbar
Village, Southridge, Pleasant City, Twin Lakes and Robinson Village.
More information about WPBHA and its programs is available at
http://www.wpbha.org
Media Contact:
Mark Hopkinson
NewsMark Public Relations
mhopkinson@newsmarkpr.com
561-852-5767
SOURCE West Palm Beach Housing Authority
Mark Hopkinson of NewsMark Public Relations, +1-561-852-5767,
mhopkinson@newsmarkpr.com, for West Palm Beach Housing Authority
