Friday, September 11, 2009

First 10 Home Buyers to pay off IHFA Loan

At ACAR we received the Ira Gribin Grant from NAR to help encourage homeownership and issues associated with workforce housing. One element of the program is to pay off the interest and fees associated with the first-time homebuyer tax credit loan being offered through the IHFA (one of the few states offering this advance loan). We just received the payoff statement for the first 10 home buyers to pay off their loan. The REALTORS® Community Foundation will be sending a first check to IHFA to reimburse these homebuyers their fees and interest. The homebuyer will receive a letter letting them know that Idaho REALTORS® (you!) have made this possible for them. This will help encourage homeownership and responsibility in handling the repayment of the loan. We are very excited to partner with the IHFA in this program and to be letting Idaho know REALTORS® stand behind our principles of encouraging home ownership!
at 9/11/2009 11:17:00 AM

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