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IDC launches 2014 agenda – “Affordable NY”

Dec 17, 2013
Senate Majority Coalition Leader Jeffrey D. Klein recently introduced the Independent Democratic Conference’s (IDC) 2014 legislative agenda: Affordable NY. The agenda demonstrates the IDC’s commitment to working families during the 2014 legislative session. 

One facet of the agenda encourages college graduates to “Study and Stay” with a tax credit allowing eligible graduates to receive an annual tax credit of $5,000 each year for 10 years so they can one day invest that savings into a home.

“New York State’s REALTORS know well the difficulties faced by first-time homebuyers in our state,”said Duncan R. MacKenzie, CEO of the New York State Association of REALTORS. “Far too often accumulated college debt impedes the ability of hardworking young people to save for a down payment on a home to call their own and to afford our nation-leading closing costs. REALTORS across the Empire State applaud the IDC’s new Study and Stay Tax Credit proposal as a creative way to encourage our college graduates to achieve the American Dream here in New York.”
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