Homebuyer Assistance and Improvement Act of 2010

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Mr. CHILDERS. Thank you, Mr. Chairman.

Mr. Speaker, I rise today in support of the Homebuyers Assistance and Improvement Act of 2010.

This bill is important for home buyers who have met the requirements of the first-time homebuyer tax credit program but who are now not able to close on their new homes due to circumstances which are out of their control.

With the passage of this act, over 1,500 home buyers in my great State of Mississippi will be able to take advantage of the Homebuyers Tax Credit program, making homes more affordable for families and individuals and creating much-needed jobs.

As a veteran realtor for over 30 years, I have seen firsthand the ups and downs associated with the housing market. Recent signs of recovery in the market are certainly encouraging, but we must follow through and sustain the progress linked to the initial benefits of the homebuyer tax credits.

I urge my colleagues to support this bill and to support the prospective homeowners in America.

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