Texas announces $30 million homebuyer initiative for vets

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Updated: 2/09/2010 1:40 pm
AUSTIN, Texas (AP) -- Texas has announced a $30 million homebuyer initiative targeting veterans.

The funding was announced Tuesday by Gov. Rick Perry and the Texas Department of Housing and Community Affairs.

The state, through TDHCA, is releasing $30 million in mortgage credit certificate authority through its Texas Mortgage Credit Program.

The first time homebuyer status requirement is waived for qualifying veterans who have received an honorable discharge.

The program makes home ownership more affordable by providing a dollar for dollar reduction of a borrower's tax liability, not to exceed $2,000 annually. Some other restrictions apply.

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Copyright 2010 by The Associated Press. All Rights Reserved.
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deerme - 2/10/2010 2:23 PM
anonymous0204.....be careful....your jealousy towards others who receive more than you can affect your health. I think veterans deserve more than they get. Yes, entering the military is a choice....you have your freedom because of that choice....take a chill pill.

anonymous0204 - 2/10/2010 8:16 AM
Rickytammy-No I have not served-I CHOSE NOT TOO! My father, grandfather and great-grandfather have proudly served and NOT ONCE did they speak about what the government DID NOT do for them! People forget, entering the military IS A CHOICE! All of the negative stories have been published and yet the enrollment continues. Good luck to you all!

txmike64a - 2/10/2010 6:02 AM
I WAS in a combat zone, been fired upon by the enemy repeatedly. I DID NOT GET the GI BILL because I fell in a crack due to my period of service and wasn't covered nor offered it, despite 24 years of service, or help whatsoever for the car I just bought. The previous poster is sadly mistaken. I already own my house, so this program is of no use to me anyway. Veterans get much less than some people assume, other than chronic illnesses and no VA recognition of the time I spent amongst asbestos and burn pits. NOBODY, NOBODY is asking me how much would I like. If PERRY wanted to help Veterans, then he would allow a property tax adjustment for ALL veterans, other than the ones who the VA recognizes as "disabled" (which is mostly a scam, the truly disabled don't get approved, and you get 50% for an arm ache).

rickytammy - 2/9/2010 9:54 PM
ever served in the military, ever been in a combat zone? Until you have, you'll continue to ask "how much more would you like".

anonymous0204 - 2/9/2010 3:18 PM
This is ridiculous! Yes, thank you for your service veterans but what else would you like to have handed to you? The new GI Bill allows you to go to school for free, meanwhile collecting a monthly stipend for living expenses. Veterans have always received assistance in the housing area somehow (qualifications) and when purchasing a car. When is it time for those who wished to make a difference in the community (teaching, higher education, public service) to catch a break and become eligible for all of this handout money! Why is it we must take out $60K in loans to earn a bachelor's and a master's while raising a family and maintaining a home? Please don't insult everyone by asking for money to improve homes and other stuff when all along money is handed to you in some way, shape or form.

lenny66 - 2/9/2010 2:46 PM
How about taking this $30 million and breaking it in to chunks of $5,000-$10,000 and sending that to veterans to pay for the houses they currently have or to help with home improvements. The economy is still in the tank boys!!! Buying a house or car you can't really afford is how folks got into the s**t they are in now!!! FORECLOSURE is still a problem in the USA.
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