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Lone Tree subdivision home buyers to receive tax credit

Posted: Saturday, June 27th, 2009 at 6:47 am

First time homebuyers may be getting some help in finding a house in Lone Tree. A meeting will be held on Tuesday to discuss $20,000 in tax credits for buyers in the citys Black Otter Subdivision. These tax incentives range from a $2,500 loan from the city itself, and an eight-thousand dollar grant from the Recovery and Reinvestment Act. The USDA is currently holding similar meetings across the state in an effort to encourage the growth of rural homeowners in Iowa.

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