Veterans

The U.S. Congress took steps to help first time home buyers by extending the tax credit for buying a home which simultaneously gave a boost to the ailing real estate industry.

Veterans are set to benefit from a couple of provisions currently under consideration in the Congress. One such provision is the extension of the first time home buyer tax credit by one year and another is the HAP tax exemption or exemption of taxes for certain housing assistance payments (HAP).

California Governor Arnold Schwarzenegger announced that $5 million in job training grants have been awarded to ensure that former members of the military will receive job training and employment, as part of the Governor's continuing veterans jobs initiative.