Help from HERA – Housing act could give industry a boost
Abstract: The Housing and Economic Recovery Act of 2008 (HERA) was designed to help shore up the United States’ shaky real estate market. Lawmakers crafted the bill with an eye toward bolstering home prices, stimulating home sales, and offering relief to borrowers facing foreclosure. This article describes some tax-related perks — and pitfalls — for strategy-minded investors. A sidebar explains how Freddie Mac and Fannie Mae may also benefit from HERA.