$2,500 FOR FIRST-TIME HOMEBUYERS

By Bob Katzen

Also sent off to a study committee was legislation that would create a program that would help first-time homebuyers by providing up to $2,500 to pay closing costs.

The measure also allows consumers to contribute up to $4,000 to a first-time home-buying account. The money would be tax-free when deposited and when taken out of the account as long as it goes toward the purchase of a home.

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