Video: HUD Secretary Donovan Unveils Details Of Plan To Monetize Home Buyer Tax Credit

In a speech before the National Association of Home Builders (NAHB) Board of Directors on May 29, HUD Secretary Shaun Donovan unveiled new rules that will help spur the housing market by allowing consumers to use the $8,000 first-time home buyer tax credit to help cover the costs of closing on an FHA-insured home.

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