The second part of the stimulus plan is the Homebuyer Incentive program. In the plan, a coalition of local banks have agreed to provide up to $5000 down payment assistance and special low interest loans to homebuyers purchasing in Gwinnett County. It is similar to the federal homebuyer tax incentives that expired on April 30. "As a REALTOR I know that the federal buyer incentive program was very effective in stimulating home sales. So this is a good thing for Gwinnett," Swiney said. "I would love to see this program broadened to include existing homes and neighborhoods, but this is definitely a great move for Gwinnett and hopefully will inspire other counties to follow suit."
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Oh....this is great! I wish this were available in my area.