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Potential impacts of Biden’s $15,000 tax credit

The housing industry is keeping a close eye on the Biden administration’s proposal of a first-time homebuyer tax credit of $15,000. If passed, the funds — which would help cover a down payment — could be accessed immediately by the buyer at the closing table.

Biden’s tax credit — along with Biden’s other economic goals outlined in his $1.9 trillion American Rescue Plan — is more of a possibility now that both Senate races in Georgia went to Democrats.

Ralph DiBugnara, president of Home Qualified and senior vice president at Cardinal Financial, sees an details ⇒

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