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Help for First Time Home Buyers

Did you know that eligible first-time home buyers can receive a one-time tax credit of up to $8,000 that they can claim on their federal taxes?

The Homebuyer Assistance Tools document on the Illinois Housing Development Authority website has further information about the Federal Homebuyer Tax Credit and the I-Loan Certificate Program (a.k.a. Mortgage Credit Certificate (MCC) Program), including the qualifications that must be met in order to be eligible.

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