Will California’s new homebuyer tax credit help Oakland’s economy?
on April 15, 2010
First time homebuyer Itoco Garcia says the federal tax credit — which expires at the end of the month — made it possible for him to buy his home in North Oakland’s Golden Gate neighborhood. But will the new California homebuyer tax credit, the state version of the federal program that goes into effect May 1, provide the same opportunities? How will it affect housing prices and the home construction industry? Callie Shanafelt has the story for Oakland North Radio.
For more information on the California tax credit check out the California Franchise Tax Board.
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