Bill > S827

This bill creates a homebuyer's assistance program with the North Carolina Housing Finance Agency for first-time homebuyers who work as public servants, such as active duty members, veterans, law enforcement officers, teachers, firefighters, and emergency medical services personnel. The program provides up to $25,000 or 10% of the purchase price for down payment assistance, mortgage insurance premium assistance, and closing costs. The bill also allows an income tax credit of up to $5,000 for eligible firefighters and rescue squad workers who have unreimbursed business expenses related to their volunteer work.