Congress has voted to extend the popular $8,000 tax credit for first time homebuyers into mid 2010. For more details read this Boston Globe article. MassHousing will also extend its first time homebuyer tax credit loan program, which allows qualified buyers to borrow up to $8,000 from MassHousing in advance of the tax credit. This can be used toward a downpayment or closing costs. We'll announce more detials about the extension of our program soon.