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Bailout

: Calculated Risk

Report: No discussions underway to revive housing tax credit

By Anonymous

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Last night I posted some comments from HUD Secretary Shaun Donovan. From CNN's "State of the Union" transcript:
[CNN's Ed] HENRY: Is that housing credit now dead? Or does the administration think you should try to revive it to try to prop this industry up?

DONOVAN: Look, Ed, I think it's too early to say after one month of numbers whether the tax credit will be revived or not. All I can tell you is that we are watching very carefully.

Diana Olick at CNBC contacted HUD today: Another Home Buyer Tax Credit?
[A] HUD spokesperson ... responded: "No news here...there are no discussions underway to revive the credit."
Hopefully the tax credit is done.

Full post as published by Calculated Risk on August 30, 2010 (boomark / email).

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