The article $15,000 Homebuyer Tax Credit - Senator Isakson introduced legislation that may update and enhance an existing $7,500 interest-free loan to first-time homebuyers.

Pursuant to Congressional record from February 4, 2009, Senator Isakson claimed that the $15,000 tax credit initiative will make sales come back and “…the floor will be put under the housing market, values will stabilize, and they (homes) will begin to appreciate.” He speculated that as these things occur, American families will start to build equity and stabilize one of their biggest assets (their home). According to Isakson, “We will begin to work our way out of this deep downward spiral we are currently in.”