“MAR is very proud to have been a resource for the Patrick/Murray administration and MassHousing in the creation of this new program,” said MAR President Gary Rogers. Massachusetts now joins a small but growing number of states that have developed a unique way to allow buyers to access the credit at a time when it can be most helpful in the home buying process. In fact, a study just released by the National Association of REALTORS found that 82% of would-be home buyers believe that saving enough for a downpayment is still their biggest obstacle to home ownership.
Almost immediately after the $8,000 tax credit was signed by the President, MAR began working with MassHousing to explore ways that the credit could be used for a downpayment. “We are very pleased that the Patrick/Murray administration and MassHousing have been able to make this happen,” said MAR CEO Rob Authier who had numerous discussions with MassHousing on the creation of the loan program. “We think it will help many people become homeowners in the Bay State.”
For more information on this loan program go to www.MARealtor.com
or the Homebuyer Tax Credit Loan Program
page at www.MassHousing.com