FOR IMMEDIATE RELEASE
Thursday, January 15, 2009

Isakson Introduces Legislation to Stimulate Housing Market, Expand Tax Credit for Homebuyers
Would Eliminate Requirement That Tax Credit Be Repaid

WASHINGTON – Drawing on more than three decades of experience in the real estate industry, U.S. Senator Johnny Isakson, R-Ga., today introduced legislation to jump-start housing demand and to boost the economy by expanding the homebuyer tax credit passed by Congress last year.

“Unfortunately, home prices and property values continue to decline across the country as foreclosures flood the market. Americans are hesitant to buy homes and existing home inventory is nearing an all-time high,” Isakson said. “Our economic crisis started with housing, and our economy will continue to suffer unless we do something now to immediately fix this problem. We must create targeted incentives that will encourage Americans to buy homes again.”

Related Link: http://isakson.senate.gov/press/2009/011509housing.htm

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