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Thousands of Tax Cheats Got Federal Mortgage Assistance or Tax Credits
WASHINGTON, D.C. - June 27, 2012 - (RealEstateRama) -- A new report from the Government Accountability Office (GAO) found that thousands of home-buyers with significant tax debt were given one-time mortgage help under the American Recovery and Reinvestment Act (ARRA), despite federal rules that make tax cheats ineligible for federal mortgage insurance. The report found that “many individuals with tax debt take advantage of government programs, such as federal loan insurance, thereby reaping benefits from these programs while failing to pay their own taxes.” The report also found tax cheats that took advantage of the program were two-to-three times more likely to default on home loans, posing a much higher risk for the program. The report was done at the request of Senators Tom Coburn, M.D. (R-OK), Carl Levin (D-MI), Max Baucus (D-MT), Orrin Hatch (R-UT) and Charles Grassley (R-IA).
Owosso to Host Historic Preservation Tax Credit Workshop for Commercial Property Owners
LANSING, MI - March 17, 2011 - (RealEstateRama) -- Owners of historic commercial properties are encouraged to attend a workshop on maximizing the use of Federal and State Historic Preservation Tax Credits on, Thursday, March 24. The workshop will be presented by the City of Owosso, Owosso Main Street/DDA, the Michigan Historic Preservation Network/National Trust for Historic Preservation and the State Historic Preservation Office.
Saginaw to Host Historic Preservation Tax Credit Workshop for Commercial and Residential Property Owners
LANSING, MI - March 16, 2011 - (RealEstateRama) -- Owners of historic residential and commercial properties are encouraged to attend a workshop on maximizing the use of Federal and State Historic Preservation Tax Credits on Tuesday, March 22. The workshop will be presented by the State Historic Preservation Office (SHPO), the Michigan Historic Preservation Network (MHPN), the National Trust for Historic Preservation (NTHP), and Preservation Saginaw.
City of Monroe Offers Workshop on Historic Preservation Tax Credits for Residential and Commercial...
February 17, 2010 - (RealEstateRama) -- State Historic Preservation Office architect Bryan Lijewski will meet with Monroe property owners and developers at a free workshop on Thursday, February 18. The event is being presented by the Monroe Historic District Commission.
