Senate Eyes Expanded Homebuyer Tax Credit
MBA's Mortgage Action Alliance - Call To Action
The U.S. Senate will be voting on two amendments that would extend the first-time homebuyer tax credit. MAA members are strongly urged to contact their senators now to let them know you support these bipartisan amendments sponsored by Senators Dodd, Lieberman and Isakson. These amendments will provide the $8,000 tax credit to any buyer (i.e. not just for first-time homebuyers), set income limits at $150,000/300,000 for buyers, and continue the credit until June 30, 2010.
MBA believes the first-time homebuyer tax credit has had a stimulating impact on our economy, and MBA supports extending and expanding it so it can help more buyers and sellers. Our fragile economy is just beginning to show signs of stabilizing. We should not jeopardize our recovery by letting this tax credit expire. The homebuyer tax credit is helping hundreds of thousands of Americans realize the American dream, and it is creating thousands of jobs that rely on homeownership. Problems in the housing industry led us into a global recession, and housing stimuli can help lead us out of the recession. MAA strongly encourages you to take action now and contact your members of the Senate to support this key legislation to the real estate finance industry.
Click here to take action. If you need to update your home address, you will be prompted to do so before being taken to the Action Center. If you don't have, or forgotten your username and password, click on "forgot password" to get started.
Remember, being a MAA member is free, easy and totally voluntary. MAA is the premier grassroots lobbying organization of the real estate finance industry. The mission of the Mortgage Action Alliance is to further build a network of individuals dedicated to strengthening the industry's voice and lobbying power in Washington, DC and state capitals.
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Thank you!
Please direct comments or questions to wkooper@mortgagebankers.org.