Governor Crist signed a budget bill today that states how Florida will spend $65.6 billion dollars in the fiscal year that starts July 1.
Included is $30.1 million for the Florida Homebuyer Opportunity Program, which will help with downpayment assistance.
Beginning July 1st, 2009 – those who quality for the federal $8,000 first-time home buyers tax credit will be able to apply for down payment assistance before they close on the purchase of their new home and then repay the amount borrowed when they receive their tax refund. The state program will operate through local county housing administrators, although the details are still being worked out.