Financial Help for Homeowners

State Loans for Homeowners

Welcome again to the Colonial Floor Care blog! As always, we are on the lookout for ways to help South Florida Home owners. We take great pride in the work we do, bringing the highest quality, most durable and greenest restoration methods to your home as you preserve and restore your terrazzo, concrete and marble floors

Today we are going to focus on tax breaks for first time home buyers. Money saved could be used to reinvest in your home for energy saving renovations such as terrazzo floor restoration, insulation updates or new appliances. All of these investments could substantially increase the value of your home and save a lot of money on utility bills, to say nothing of improving your overall quality of life in your home.

In an article published in the Sun Sentinel on Thursday, September 10, 2009, Harriet Johnson Brackey outlines the Florida Home buyer Opportunity Program.

To find out what Florida Home buyer Opportunity Program money is available, contact the local State Housing Initiatives Partnership office. To find your city or county office, go to floridahousing.org. Select home buyers” and then local housing programs.”

Terms and Conditions:

Buyers must meet income limits set by each agency. The money is a loan.

Buyers must file for federal tax credit and repay the loan within 18 months.

Buyers cannot have owned a home in the previous three years.

The credit is for up to $8,000.00. Singles whose adjusted gross income exceeds $75,000.00 and married couples who file jointly and earn $150,000.00 won’t qualify for a full credit.

The credit only applies to homes bought this year through November 30.

For more information, go to irs.gov.

Call us or visit our website for all of your floor care needs. Let us help you renovate your home and increase its energy efficiency.
We serve all of South Florida, including Broward, Dade, Miami, Ft Lauderdale, and Palm Springs.