Mortgage credit certificate program now accepting applications - KPLC 7 News, Lake Charles, Louisiana

Mortgage credit certificate program now accepting applications

CALCASIEU PARISH, LA (KPLC) -

The mortgage credit certificate program is now accepting applications for first time for home buyers in Calcasieu, Cameron, Beauregard, Allen and Jeff Davis parishes. 

"This is the single most powerful method of reducing housing costs for families within the Imperial Calcasieu Region," said program manager, Steven Harris.

The program is made possible by a federal grant that is given to the state and facilitated by the Calcasieu Public Trust Authority.   

"It is the same type of program that we've offered before. It offers tax savings to the home buyer whenever they file their tax return at the end of the year," said trust authority chairman Tim Castle.

Eligible participants can get thousands of dollars off in a home mortgage credit, when they file their taxes. To be eligible, participants have to be purchasing their first home and already qualify for a home loan.  

"Be sure to ask for the mortgage credit certificate, then provide a direct federal income tax credit equal to 40 percent of the interest paid," said Harris.    

It's a credit officials hope can be invested back into the community. 

"If the program can offer you some savings on your taxes and increase your return to you, thus you can spend more in the community help support the community, foster jobs, the growth of southwest Louisiana through this program," said Castle. 

Interested home buyers can request information about the program from the Calcasieu Public Trust Authority. Click here to go to their web site. 

Copyright KPLC 2014. All rights reserved.

  • More Local NewsNewsMore>>

  • BREAKING

    House on Tank Farm Road fired upon twice over weekend

    House on Tank Farm Road fired upon twice over weekend

    Monday, April 24 2017 8:33 PM EDT2017-04-25 00:33:45 GMT
    (Source: Raycom)(Source: Raycom)

    A house on Tank Farm Road was fired upon twice over the weekend, authorities with the Calcasieu Parish Sheriff’s Office said. The first incident happened Friday night, followed by another incident Sunday night, said Cmdr. James McGee, CPSO spokesman. No one was injured. Deputies are following leads, but don’t yet have a suspect or motive. “We are following every lead we get,” McGee said. McGee asked anyone with information to

    More >>

    A house on Tank Farm Road was fired upon twice over the weekend, authorities with the Calcasieu Parish Sheriff’s Office said. The first incident happened Friday night, followed by another incident Sunday night, said Cmdr. James McGee, CPSO spokesman. No one was injured. Deputies are following leads, but don’t yet have a suspect or motive. “We are following every lead we get,” McGee said. McGee asked anyone with information to

    More >>
  • Oyster fishermen fighting tonging bill

    Oyster fishermen fighting tonging bill

    Monday, April 24 2017 8:25 PM EDT2017-04-25 00:25:40 GMT
    (Source:KPLC)(Source:KPLC)

    Tonging is way to fish for oysters using two large sticks. 

    More >>

    Tonging is way to fish for oysters using two large sticks. 

    More >>
  • Low turnout for early voting in Lake Charles

    Low turnout for early voting in Lake Charles

    Monday, April 24 2017 8:05 PM EDT2017-04-25 00:05:59 GMT
    (Source: KPLC)(Source: KPLC)

    There is less than a week time before Lake Charles residents who did not vote to decide who they would like to see become the next mayor after Mayor Randy Roach's retirement of more than a decade.  Only 12 percent of the nearly 50,000 people eligible to cast their ballots did during early voting for the April election.  McNeese State University Political Science Professor Dr. Henry Sirgo says it's not uncommon for people to not vote in local races.  "Ironically,...

    More >>

    There is less than a week time before Lake Charles residents who did not vote to decide who they would like to see become the next mayor after Mayor Randy Roach's retirement of more than a decade.  Only 12 percent of the nearly 50,000 people eligible to cast their ballots did during early voting for the April election.  McNeese State University Political Science Professor Dr. Henry Sirgo says it's not uncommon for people to not vote in local races.  "Ironically,...

    More >>
Powered by Frankly