TSAHC IMPLEMENTS 2021 QUALIFIED MORTGAGE CREDIT CERTIFICATE PROGRAM

摘要

The Texas State Affordable Housing Corporation (TSAHC), a nonprofit corporation, is implementing a qualified mortgage credit certificate program within the State of Texas to assist eligible purchasers. A Mortgage Credit Certificate (MCC) is designed to assist persons better afford home ownership. The MCC Program allows first-time homebuyers an annual federal income tax credit equal to the credit rate for the MCC multiplied by the amount of interest paid by the holder on a home mortgage loan during each year that they occupy the home as their principal residence. An eligible purchaser of a residence located within the Program Area may apply to TSAHC for an MCC through a participating lender of his or her choice at the time of purchasing a principal residence and obtaining a mortgage loan from a participating lender.