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Google to Fund Low Income Housing in Palm Springs

Google is providing $86 million for Low Income Housing, to fund 480 units in the Midwest & West Coast ,  and some of that is coming to Palm Springs .  That means construction jobs and a boost to the local economy  and will provide affordable housing for low income home buyers in Palm Springs. Since most people refer to the Coachella Valley as Palm Springs , we won't know until more details are available, if these units will be within the city limits of Palm Springs, or in other desert cities in the Coachella Valley.  Any and all real estate developments are welcome in the Palm Springs area as they provide well needed jobs . The money will be given to low income builders and developers in the form of tax credits , the program will be managed by  U.S. Bancorp Community Development Corporation .  For more details  read Francesca Levy's article . Find homes the easy way   Palm Springs  , Palm Desert  , La Quinta  , Rancho Mi...
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Underwater With Your Mortgage ? Some Relief Could be Coming Your Way from BOA !

Bank of America announced on May 8, 2012 that they started mailing letters to some 200,000 home owners who are underwater with their mortgage.  The goal is "retention" through helping eligible struggling home owners with principal balance reduction on their mortgages. This move is part of the settlement reached between the Banks and the Federal Government and accepted by 49 State Attorneys. To be eligible, the home owner must : Owes more on the mortgage than the property is worth today. Was at least 60 days behind on payments on January 31, 2012. Has a contractual monthly payment for principal, interest, property taxes, hazard insurance and any applicable homeowner association fees totaling more than 25 percent of gross household income. Has a loan that is owned and serviced by Bank of America, or serviced for another investor that has given the bank delegated authority to do such modifications. For all the details read BOA's Press Release  ePalmSpring...
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Palm Springs: $8000 Tax Credit Still Good till 4/30/11 For Military ...

Did you know that the $8000 Tax Credit is still good for members of the Military & some Federal employees in the intelligence community until April 30, 2011 to have a binding contract, and Closing deadline of June 30, 2011. "It applies to any individual (and, if married, the individual’s spouse) who serves on qualified official extended duty service outside of the United States for at least 90 days during the period beginning after Dec. 31, 2008, and ending before May 1, 2010. " This is an great opportunity for those who are renting to take a look at buying a home. Home prices are very favorable, coupled with FHA 3% downpayment and incentives , and interest rates at their lowest , lead to a win win situation . For all the details go to IRS-First-Time Homebuyer Credit: Members of the Military and Certain Other Federal Employees Find affordable real estate in Palm Springs , Palm Desert , La Quinta , Indio , Cathedral City .
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