Federal Programs 
Find information on current and past Federal Housing programs.
There are currently 2 blog entries related to this category.
$8,000 Tax Credit Extended Plus $6,500 For Existing Homeowners
Thursday, November 5th, 2009 at 5:49pm. 847 Views, 0 Comments.
I'm pleased to share the following excellent news with you regarding the extension of the Home Buyer Tax Credit:
Both Houses OK Tax Credit Extension, Expansion
The House today and the Senate yesterday passed legislation to extend the $8,000 home buyer tax credit to May 1, 2010, for first-time buyers and add a $6,500 tax credit for repeat buyers if they've lived in their home for five of the past eight years. Home prices are capped at $800,000.
The legislation in both houses was included in a bill to extend unemployment benefits and is expected to be signed by President Obama shortly.
“REALTORS® appreciate the swift action by Congress to extend the home buyer tax credit and expand it to some current homeowners,” says NAR President Charles McMillan. “As the…
$8,000 Home Buyer Tax Credit at a Glance
Thursday, April 9th, 2009 at 8:37pm. 520 Views, 0 Comments.
This information pertains to the American Recovery and Reinvestment Act of 2009.
* The tax credit is for first-time home buyers only. For the tax credit program, the IRS defines a first-time home buyer as someone who has not owned a principal residence during the three-year period prior to the purchase.
* The tax credit does not have to be repaid. However, home buyers must use the residence as a principal residence for at least three years or face a recapture of the tax credit amount.
* The tax credit is equal to 10 percent of the home's purchase price up to a maximum of $8,000.
* The credit is available for homes purchased on or after January 1, 2009 and before December 1, 2009. (First-time home buyers who purchased a principal residence on or after April 9,…
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