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Legislation moves back deadline on stimulus tax credit for men and women serving abroad. WASHINGTON, D.C. - September 30, 2009 - (RealEstateRama) -- While many American families have taken advantage of the First-Time Homebuyer Tax Credit and other benefits available through the economic recovery effort, many American heroes have been deployed overseas and thus unable to take advantage of this valuable credit to help them buy a home of their own. Today, U.S. Senator Claire McCaskill introduced a bill in the Senate to extend until November 30, 2010 the availability of this credit of up to $8,000 toward the purchase of a first home for service members deployed abroad for more than 90 days during 2009.

WASHINGTON, D.C. - September 17, 2009 - (RealEstateRama) -- Today, Congressman Ike Skelton (D-MO) joined Congressman Charles B. Rangel (D-NY), Chairman of the House Ways and Means Committee, Congressman Walter B. Jones, Jr. (R-NC), and 26 other Members of the House of Representatives, in introducing H.R. 3590, the Service Members Home Ownership Tax Act of 2009. This deficit-neutral legislation would amend the federal tax code to ensure military personnel can take full advantage of the first-time homebuyer tax credit that was created as part of H.R. 1, the American Recovery and Reinvestment Act.

May 28, 2009 - (RealEstateRama) — On Tuesday, May 26, 2009, Missouri Housing Development Commission (MHDC) began administering a down payment assistance program through the Neighborhood Stabilization Program (NSP), which provides funds to purchase foreclosed property that will be used as the owner’s principal residence.

January 28, 2009 - (RealEstateRama) — Missouri Housing Development Commission (MHDC) has developed a new product to enable first-time homebuyers to take advantage of the $7,500 federal first-time homebuyer tax credit. This program is the first of its kind in the nation