Saturday, April 19, 2008

Congressman Tim Mahoney to Host Roundtable at Dunbar Village on Rangel-Mahoney Bill to Give Interest-Free Loans to First-Time Homebuyers

WEST PALM BEACH, Fla., April 18 /PRNewswire/ -- Congressman Tim Mahoney, co-sponsor of the Housing Assistance Tax Act of 2008, introduced by House Committee on Ways and Means Chairman Charles B. Rangel, will host a roundtable on Monday, April 21, from 10-11.30 a.m. at Dunbar Village on legislation to give interest free loans to first time home buyers.

The Roundtable will be held in the boardroom of the West Palm Beach Housing Authority (1715 Division Ave, West Palm Beach).

"We welcome this opportunity to provide a platform for Congressman Mahoney to share his views on the proposed legislation to help stabilize the housing market, improve access to affordable housing and assist families in the purchase of their first home," Laurel Robinson, Executive Director of the West Palm Beach Housing Authority said.

The legislation which goes before the House of Representatives for consideration, provides tax credits to first-time homebuyers, improves access to low-income housing and allows families to deduct property taxes. The first-time homebuyer tax credit would provide individuals and families with a refundable credit (equivalent to an interest-free loan) of ten percent of the purchase price of their home (up to $7,500). Taxpayers would be required to repay any amount received under this provision to the government over 15 years in equal installments. The credit will be phased out for taxpayers with adjusted gross income in excess of $70,000 ($110,000 in the case of a joint return).

With a mission to provide those with limited financial resources access to safe, decent and affordable public housing and programs to assist in transition to greater financial security, the West Palm Beach Housing Authority owns and operates 712 units in five housing developments: Dunbar Village, Southridge, Pleasant City, Twin Lakes and Robinson Village. More information about WPBHA and its programs is available at http://www.wpbha.org/

Media Contact: Mark Hopkinson NewsMark Public Relations mhopkinson@newsmarkpr.com 561-852-5767
West Palm Beach Housing Authority


blackwomenblowthetrumpet.blogspot.com said...

This is a great initiative!

I don't think that just creating more homeowners will solve the moral morass that we are seeing in so many impoverished communities.

On an unrelated note, it is still mind-blowing that NINE months after the Juneteenth rape that occurred at Dunbar Village, all TEN suspects are not in custody!

I am shocked that NONE of the neighbors came forward to report what they saw. Surely, someone saw TEN teens leaving, laughing, talking and carousing...they didn't drive away from the scene...they walked! I am still floored by the way this investigation has been botched.

Thanks for keeping up the reporting on Dunbar Village!


rebecca said...

The Naughty Boy

There was a naughty boy,

And a naughty boy was he,

He ran away to Scotland

The people for to see

Then he found

That the ground

Was as hard,

That a yard

Was as long,

That a song

Was as merry,

That a cherry

Was as red,

That lead

Was as weighty,

That fourscore

Was as eighty,

That a door

Was as wooden

As in England

So he stood in his shoes

And he wonder'd;

He stood in his shoes

And he wonder'd.

-----by aoc gold