First Time Home Buyer Tax Incentive

First Time Home Buyer's Tax Credit

Created during the 2009 legislative session, The Florida Homebuyer

Opportunity Program (FL HOP) provides up to $8,000 in purchase

assistance to first time homebuyers eligible to receive the federal

first time homebuyer tax credit established through the American

Recovery and Reinvestment Act of 2009. The Legislature allocated $30

million statewide for this program.

ELIGIBLE PARTICIPANTS

Homebuyers:

• For eligible applicants, the maximum income limit shall be the

adjusted gross income of $75,000 for a single taxpayer household.

• For eligible applicants, the maximum income limit shall be the

adjusted gross income of $150,000 for joint-filling taxpayer

households.

HOW IT WORKS

• The FL HOP program will be administered through the State Housing

Initiatives Partnership (SHIP) program; offices are located in all 67

counties and 53 Community Development Block Grant (CDBG) entitlement

cities. Click here for your local SHIP office.

• The disbursements will be made to the SHIP offices, who will handle

all of the processing of the payments; Florida Housing will not be

involved in these processes.

• Eligible FL HOP applicants can receive up to $8,000 in purchase

assistance, which is expected to be repaid by the applicant upon

receipt of his/her federal tax refund.  Click here for the Florida Housing website