Washington, DC – Congresswoman Eddie Bernice Johnson today introduced the Home Buying Credit Expansion Act, which will make all homebuyers eligible for the tax credit currently available to first-time homebuyers.

“Extending the first-time homebuyer tax credit to all homebuyers will provide tax relief to Americans who are currently able to purchase homes,” Congresswoman Johnson said.  “It will also help to stabilize, stimulate and add confidence to the troubled housing market.”

The American Recovery and Reinvestment Act, the economic recovery legislation that Congress passed and President Obama signed in February, extended the first-time homebuyer tax credit through November 2009 and increased the amount of the credit to $8,000.  Congresswoman Johnson was the only Member of Congress from North Texas to vote for the economic recovery legislation.

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U.S. Representative Eddie Bernice Johnson is the highest-ranking Texan on the House Committee on Transportation & Infrastructure and a senior member of the Science Committee. She represents the 30th Congressional District of Texas, which, includes Downtown Dallas, Fair Park, Oak Lawn, Old East Dallas, Pleasant Grove, & South Oak Cliff; all of Balch Springs, DeSoto, Hutchins, Lancaster & Wilmer and parts of Cedar Hill, Duncanville, Ferris, Glenn Heights and Ovilla.