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Mass. OK’s advance on home buyer tax credit

$8,000 loans can be used for closing costs and down payments

Governor Patrick says these loans will help home buyers achieve the stability of homeownership and stimulate economy. Governor Patrick says these loans will help home buyers achieve the stability of homeownership and stimulate economy.
By Jenifer B. McKim
Globe Staff / July 15, 2009

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Hundreds of first-time home buyers in Massachusetts will be able to get an advance on an $8,000 federal tax credit, allowing them to apply the money to down payments and closing costs, under a new program unveiled by Governor Deval Patrick yesterday. (Full article: 578 words)

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