Vermont Housing Finance Agency and other organizations that fund mortgage loans using tax-exempt housing bonds have a little something to cheer about.
VHFA loans are now eligible for a Home Buyer Tax Credit, as part of the recently-passed American Recovery and Reinvestment Act (ARRA).
First-time homebuyers who buy a home on or after Jan. 1, 2009, and before Dec. 1, 2009, and finance their purchase with a VHFA loan might be eligible for a tax credit equal to 10 percent of the home's purchase price, up to a maximum of $8,000.