Great Time for a Young Artist to Buy a First home

The City of Peoria, the State of Illinois, and the Federal Government have numerous programs to help people buy their first home. Depending on your income and the location of the home, you could be eligible for downpayment assistance of up to $10,000, a Federal tax credit of $7,500, a low interest loan, and funds to help you rehabilitate an older home. SUCH A DEAL !!!

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Up to $7,500 Federal tax credit for qualified first-time homebuyers. Act soon. If you're looking for a new home, there's reason to act now! Congress has just approveda tax credit to help first-time homebuyers (or those who have not owned a home within the past three years).

Click below to learn more. The credit is a federal tax credit subject to qualifications, conditions and restrictions and repayment of the tax credit is required. The credit is only available for a limited time. Details are set forth in PL 110-289 and general information is available at:

www.federalhousingtaxcredit.com


City of Peoria programs to help home buyers are shown on the link below:

http://spreadsheets.google.com/pub?key=pSt1ivzaCLuN5M0iZgBtABg

http://www.ci.peoria.il.us/index.php?module=resourcesmodule&action=view&id=2860

Contact the City of Peoria Planning Department for more information 309 494 8600

Or contact your local banker.

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