Harlem Co-Op Offering Tax Credit to Buyers
(The Real Deal) — In the wake of the expiration of the first-time homebuyer’s tax credit, the developers of Beacon Towers, a new cooperative residential development in Harlem, are offering a tax credit to buyers, they announced today. The credit — $8,000 in cash for new contracts signed between now and July 31– will be granted upon closing, in an effort to boost the housing market following the expiration of the federal tax credit in April.
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