As the new year has come and gone, questions are still arising everyday with regards to the First Time Home Buyer Credit. This past year was a great year to be a first time homebuyer! Yet, it is gets even better if you are looking to move up. As most people are aware of the $6500 credit for current homeowners, here is a link to the IRS page that explains the credit and answers the common questions.
http://www.irs.gov/newsroom/article/0,,id=206291,00.html
Monday, January 11, 2010
Wednesday, January 6, 2010
Sustainable Neighborhoods Project
In today's State of the State address, Governor David Paterson not only recognized Buffalo's struggle with abandoned housing, but he has put the City of Buffalo first in line, saying, "With more than 23,000 vacant housing units, Buffalo will serve as the starting point for the project which will expand to cities across New York State."
Governor Paterson proposes the Sustainable Neighborhoods Project as a national model for affordable housing and urban revitalization, starting here.
Resulting from decades of post-industrial economic decline that have exacerbated the vacant housing crisis, together with the foreclosure and sub-prime crises, Paterson understands the negative impact this has on future economic development, homeownership and in-migration. The abandoned houses and ravaged, once vital neighborhoods serve to perpetuate "the perception that the region's urban areas are in a downward spiral," according to Paterson.
"There is no other region of the country with the affordable housing stock, the close-by schools, the natural beauty and the untouched small towns that families would cherish. We need to return to promoting all that we have to offer," Governor Paterson said. "Part of that effort must include revitalizing prime housing stock that currently sits vacant and turning it into long-term affordable housing, starting in Buffalo..."
In Paterson's plan, local officials will designate blighted homes for rehabilitation and sale to first time homeowners; houses will be marketed as long-term affordable housing and homeowners would be selected through a lottery process. The City of Buffalo has not issued a statement about the governor's remarks as of yet.
In a more holistic approach, PUSH Buffalo's Eric Walker says, "We are eager to work with the Governor to build a national model for sustainable community development incorporating green jobs training, green rehab, weatherization and urban agriculture. We think Buffalo can lead the way in demonstrating that urban neighborhoods have tremendous assets, including arable land and residents who are eager to participate in the New Economy."
Other projects on the table for that neighborhood include a rehabilitated park and more green housing in 2010. "We look forward to working with the Governor to implement the new investment in the Neighborhood," said Aaron Bartley, PUSH Executive Director. "We are very excited to explore the avenues opened to us by this partnership with the Governor."
The proximity to newly renovated schools for many of these houses all over the city, but most especially on the East and West Sides, should help the schools to maintain the students they need, through bringing in families that are willing to be part of revitalized school communities with revitalized housing stock.
Thanks to http://www.buffalorising.com/2010/01/paterson-on-sustainable-neighborhoods-project.html#SlideFrame_5
Governor Paterson proposes the Sustainable Neighborhoods Project as a national model for affordable housing and urban revitalization, starting here.
Resulting from decades of post-industrial economic decline that have exacerbated the vacant housing crisis, together with the foreclosure and sub-prime crises, Paterson understands the negative impact this has on future economic development, homeownership and in-migration. The abandoned houses and ravaged, once vital neighborhoods serve to perpetuate "the perception that the region's urban areas are in a downward spiral," according to Paterson.
"There is no other region of the country with the affordable housing stock, the close-by schools, the natural beauty and the untouched small towns that families would cherish. We need to return to promoting all that we have to offer," Governor Paterson said. "Part of that effort must include revitalizing prime housing stock that currently sits vacant and turning it into long-term affordable housing, starting in Buffalo..."
In Paterson's plan, local officials will designate blighted homes for rehabilitation and sale to first time homeowners; houses will be marketed as long-term affordable housing and homeowners would be selected through a lottery process. The City of Buffalo has not issued a statement about the governor's remarks as of yet.
In a more holistic approach, PUSH Buffalo's Eric Walker says, "We are eager to work with the Governor to build a national model for sustainable community development incorporating green jobs training, green rehab, weatherization and urban agriculture. We think Buffalo can lead the way in demonstrating that urban neighborhoods have tremendous assets, including arable land and residents who are eager to participate in the New Economy."
Other projects on the table for that neighborhood include a rehabilitated park and more green housing in 2010. "We look forward to working with the Governor to implement the new investment in the Neighborhood," said Aaron Bartley, PUSH Executive Director. "We are very excited to explore the avenues opened to us by this partnership with the Governor."
The proximity to newly renovated schools for many of these houses all over the city, but most especially on the East and West Sides, should help the schools to maintain the students they need, through bringing in families that are willing to be part of revitalized school communities with revitalized housing stock.
Thanks to http://www.buffalorising.com/2010/01/paterson-on-sustainable-neighborhoods-project.html#SlideFrame_5
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