Stabilize - Capital - Tax Credit

The Housing & Economic Recovery Act of 2008 will help neighborhoods to stabilize and attract new affordable housing capital. It will also offer relief to families that are in a foreclosure problem. The tax credit of $7,500 will make it possible for many families to afford a new home. It is all part of the housing recovery act. It should help bring about a turn in housing and change the direction that housing is headed right now.