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Last summer, the government threw first-time home buyers a big bone: An income-tax credit for buying a place to live.

via Taking credit for first home buy — chicagotribune.com.

A number of Iowa cities, including Des Moines, might soon enter the home-flipping business on the federal government’s dime.

The U.S. Department of Housing and Urban Development granted Iowa $21 million last fall under the Neighborhood Stabilization Program, which was designed to halt the blight and decline in property values that often afflict foreclosure-gripped neighborhoods.

via Grant designed to help cities fix, sell homes | DesMoinesRegister.com | The Des Moines Register.