If you are buying a home in Missouri in 2010, listen up. You could be eligible to receive up to $1750 as a home buying incentive. The Home Ownership Purchase Enhancement, or HOPE program, is being offered by the Missouri Housing Development Commission for a limited time (until the 15 million allocated runs out). Here are the details according to their website:
MHDC is allocating $15 million towards the HOPE program. Qualified Missouri families that purchase a home in 2010 are eligible for a HOPE incentive equaling the amount of the 2009 real estate tax bill associated with the property they purchased, up to a maximum of $1,250. Additionally, homebuyers who are approved for the real estate property tax HOPE incentive may also be eligible to receive an additional amount if they bought a qualified, newly-constructed, energy-efficient home or bought an existing home and remodeled or purchased items such as Energy Star® appliances to make the home more energy efficient. The maximum combined total of the HOPE property tax incentive and the HOPE energy-efficiency incentive is $1,750.
Learn all about it on their website; I found the FAQ page very informative. Feel free to contact me with questions – and a word to the wise – don’t delay once you close on your home. This money will run out so get your applications in as soon as possible.