Sunday, February 8, 2009

American Recovery and Reinvestment Act of 2009

I'll be following the American Recovery and Reinvestment Act of 2009, which could result in a $15,000 tax credit toward your first home purchase. This is exciting news for anyone looking to buy their first home. It also accounts for a large portion of the proposed $825 billion in taxpayers money. I'm still bringing in the facts as they come in.

As it stands, the House has voted on and passed the American Recovery and Reinvestment Act of 2009. Now it's up to Congress. I'm mostly interested in this bill as it applies to the housing industry. I'll be monitoring the proposal as it moves through Congress. Please offer any feedback or knowledge you may have to help educate others about this plan.

Also, check out my widget (top right) that tracks the status of the bill.

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