rssProgram for first-time homebuyers ripe for abuse, housing advocates charge
By Mary Kane |
05.21.09 | 5:10 pm
When U.S. Housing and Urban Development Secretary Shaun Donovan announced last week that first-time homebuyers soon will be permitted to turn their $8,000 tax credit for purchasing a property into downpayment money, he called the development “exciting” and “a real win for everyone.”
But his enthusiasm isn’t universal.
