D.C.'s Latino Home Buyers Scramble To Meet Deadline | WAMU 88.5 - American University Radio

: News

Filed Under:

D.C.'s Latino Home Buyers Scramble To Meet Deadline

Play associated audio
An agency helping D.C.'s Latino community jump on the property ladder is shifting into high gear, as the deadline approaches on a federal tax credit for first-time home buyers.
www.flickr.com/Casey Serin
An agency helping D.C.'s Latino community jump on the property ladder is shifting into high gear, as the deadline approaches on a federal tax credit for first-time home buyers.

An agency helping D.C.'s Latino community jump on the property ladder is shifting into high gear, as the deadline approaches on a federal tax credit for first-time home buyers.

The Latino Economic Development Corporation helps low-to-moderate income residents buy their first home using government programs - such as the $8,000 credit for first-timers who close by November 30th.

Eric Qutierrez helps run the non-profit corporation, located in Northwest D.C. near Columbia Road, a traditional stronghold of the city's Hispanic community.

"There has been a surge of applicants interested in buying a house," says Qutierrez.

Nancy Miranda, a Remax sales agent in D.C., works closely with Qutierrez's clients. She says her clients are crossing their fingers that their banks will finalize loans in time to meet the deadline.

"It is definitely crunch time," she says. "A lot of them are counting on this money to remodel the homes that they're planning to buy."

The city offers $5,000 tax credit to buyers who do miss the deadline.

Mana Rabiee reports...

NPR

Gold-Plated Gowns And 8-inch Pumps: The Stuff That Made Starlets Shimmer

Actress Mae West was petite, but on screen — thanks to a pair of platform shoes — she looked larger than life. A show in Boston examines the fashion and jewelry of Hollywood's golden age.
NPR

For A Century, Thanksgiving's Must-Haves Were Celery And Olives

Ari Shapiro speaks with Boston Globe editor Hilary Sargent on the use of celery and olives as popular meal items during Thanksgivings of the past and their eventual fade from popularity.
NPR

Pentagon Expected To Release More Detainees From Guantanamo

Since the midterm elections, there has been a new batch of transfers from Guantanamo Bay, Cuba, and more releases are in the works. But a new GOP Congress could stall the drive to empty Guantanamo.
NPR

Millennial Doctors May Be More Tech-Savvy, But Is That Better?

Text messages from your doctor are just the start. Millennials are the next generation of doctors and they're not afraid to say "chillax" in a consultation or check Twitter to find medical research.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.