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Incentive To Buy A Home

Sacramento, CA — Governor Schwarzenegger signed legislation today extending the homebuyers tax credit.

"I have been up and down the state pushing this important housing bill that will get people off the fence and into homes while creating jobs and stimulating our economy," says Schwarzenegger. "And today I am proud to take action and put it into law."

The program will provide a tax credit of up to $10,000 to Californians who are buying their first home or purchasing a brand new home. $200 million has been set aside for the program.

Written by bjhansen@mlode.com.