The Real Deal Miami

Loans boost tax buying incentive

June 01, 2009 02:36PM

First-time home buyers in Florida and elsewhere can now borrow money against the Obama administration’s $8,000 tax credit to begin purchasing houses immediately. A group of Florida real estate professionals in March joined other industry members to lobby the government to allow the borrowing, and the effort is paying off, said Toni Pacelli-Hinkley, executive vice president of the Builder Association of South Florida.