• Home
  • About Us
    • Children's Television
    • DTV Q1 2008
    • DTV Q2 2008
    • DTV Q2 2009
    • DTV Q3 2008
    • DTV Q4 2008
    • EEO Report 2008
    • EEO Report 2009
    • EEO Report 2010
    • EEO Report 2011
    • EEOC 2011-2012
    • EEOC Self-Assessment 2011-2012
  • Contact Us
    • Advertise with News 11
    • Closed Captioning
    • Community Happenings
    • Contact Us
    • Copyright Infringement
    • Employment
    • IWCC Stations
    • News Tips
    • On Facebook
    • On Twitter
    • Sunrise Birthdays
  • Helpful Links
    • Amberly's Place
    • American Red Cross
    • Arizona's Children Assocation
    • AZ Gas prices
    • CA Gas prices
    • Crossroads Mission
    • Habitat for Humanity
    • Relay for Life
    • Toys for Tots
    • YPIC
  • Local Guides
    • Local Guides
  • News Team
    • News Team
    • Newscasts
  • On KYMA!
    • KYMA DT Listings
    • Money Talks
    • NBC Shows
    • This TV Yuma
  • Sports
    • Friday Night Lights
  • Weather
  • Webcam
Homebuyers Tax Credit

Saving You Money

Healthline 11

Making the Grade

Crime Tracker 11

Making a Difference

Movies with Mitch

Local realtors are making one last attempt to draw in home buyers with the federal housing tax credit. The program allows those eligible to get 10 percent of the price on the home of their choice. Kim Hill-Olsen, president of the Yuma Association of Realtors, said, "People that have not owned a principal ownership in a residence for the last three years. You must be under contract by April 30 to purchase a property, and then you have to close the property by June 30."

Hill-Olsen said all homes at or below the $800,000 mark qualify for the tax credit, giving some home buyers up to $8,000. Hill-Olsen said, "They are using that money to update flooring, put in backyards, and pay off bills."

There's also a chance for other home buyers to get back some money from their home purchase. Hill-Olsen said, "If you are a current homeowner, and you have been in the house five of the last eight years, you would qualify for this tax credit for up to $6,500."

Eligible homebuyers can amend their 2009 taxes to get their tax credit immediately or wait until 2010. For more information on the program log onto www.federalhousingtaxcredit.com.


 

Photo Gallery

You can leave a comment or post your community event on our KYMA-TV Facebook Page by clicking here.

KYMA VIDEO
Watch KYMA news, sports and more!
NBC Shows
Watch NBC News, Sports and Entertainment.
Twitter
Follow KYMA News 11 on Twitter
Facebook
Follow KYMA on Facebook
Related Story

Phoenix Firefighter, Police Officer Die in Line of Duty on Same Day

Wildfire Burning North of Yuma

Police Investigate Armed Robbery

Spring Fling Tournament at Cibola High School