Some very exciting news for Missouri homebuyers! According to the Missouri Housing Development Commission's (MHDC) website:
MHDC is allocating $15 million towards the HOPE program. Qualified Missouri families that purchase a home in 2010 are eligible for a HOPE incentive equaling the amount of the 2009 real estate tax bill associated with the property they purchased, up to a maximum of $1,250. Additionally, homebuyers who are approved for the real estate property tax HOPE incentive may also be eligible to receive an additional amount if they bought a qualified, newly-constructed, energy-efficient home or bought an existing home and remodeled or purchased items such as Energy Star® appliances to make the home more energy efficient. The maximum combined total of the HOPE property tax incentive and the HOPE energy-efficiency incentive is $1,750.
MHDC's Website
That's incredible news, especially for homebuyers taking advantage of the Federal Stimulus Tax Credits! Money really is falling from the sky!!!
Buyers in Missouri will need to act fast, because that $15 million dollar allotment will only cover approximately 8,500 homebuyers.
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