Does the bond program for 4 percent work with the government 8000 credit together.

They are separate programs.    My understanding is that you can do both and that they have no connection with each other except you have to purchase a home to receive them.

 

The bond program is for home buyers who may not otherwise have the initial funds to purchase a home but otherwise are financially able to purchase.  It provides additional financial assistance in exchange for a second lien on the property and is subject to the requirements set forth by the entity in charge of issuing the bond money. 

 

The tax credit also has (seperate) requirements to qualify and issued through the IRS.  The purpose of this is to stimulate the economy by encoraging non-homeowners to purchase a home (stimulating home sales) and providing a credit on their taxes so they will have more disposable income to put back into the economy (stimulating the economy).

 

I do not have the specific details on these two programs other than the general concept of how it works.  You should contact your lender for specifics on your qualifications for the bond program and for advise about the tax credit, consult your tax professional.