Village offers cash so you’ll take Manhattan
Not long ago, it was news when builders and home sellers were looking to spice up their deals by dangling, say, a flat-screen television in front of prospective buyers.
But that’s sooooo 2007.
Take, for example, south suburban Manhattan, where it’s the village government giving the incentives.
The town’s “economic-stimulus program” offers a rebate at closing of up to $5,000 to anyone who constructs a new single-family home there by July 2009. Buy a new-construction townhouse or duplex, and you’ll get $3,500. The rebates will be financed through developer-paid building permits.