(CNN) – Two of the three candidates running for U.S. Senate in Florida said Sunday that they support the revival of an $8,000 first-time homebuyer tax credit, but the Obama administration’s housing chief said “it’s too early to say” whether it will be offered again.
Housing and Urban Development Secretary Shaun Donovan left the door open to extending the tax credit but said that the White House will be "focused like a laser" on stabilizing the housing market.
“All I can tell you is that we are watching [the housing market] very carefully,” Donovan said. “[…] we're going to do everything we can to make sure that this market stabilizes and recovers."
Republican-turned-independent Florida Gov. Charlie Crist said reviving the tax credit “would be a great lift” that “would stimulate the economy, it would increase home sales in Florida.”
Watch this portion of Ed Henry's interview with Crist, after the jump:
“I think any time you can reduce taxation in order to spur the economy forward, that's a good thing to do and that would be great to do. I would absolutely encourage the president to support that because it would certainly help my fellow Floridians,” Crist added.
One of Crist's opponents, Democratic Rep. Kendrick Meek, agreed and said he “absolutely” wants to see the credit extended.
The tax credit, signed by President Obama in 2009, was available to certain homebuyers who purchased or entered into a contract to purchase a home on or before April 30.
Last month, the president signed an extension for homebuyers who were in the process of buying a home but had not yet settled. Those consumers will now have until September 30 to close their deals.
–CNN Senior White House Correspondent Ed Henry contributed to this report