The governor and legislature have agreed to offer a $10,000 state tax credit to first-time home buyers at a cost of $200 million. It is set to take effect on May 1.
A similar program that passed last year was wildly popular. Buyers snatched up all $100 million in available credits within months.
By the way, a "first-time Home buyer" is defined as anyone who has not owned a home in the previous three years.
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