Feb. 20th 2009: CA approves $10,000 Tax Credit to "New Home" Buyers. Buy after March 1st, 2009 and before March 1st, 2010 and you'll receive the tax credit for a home purchase that has been certified by the builder to have never been lived in. There are no first time homebuyer or income restrictions. $100,000,000 has been allocated by the state for this program and it's based on a first come, first serve basis.
This is separate from the $8,000 Federal tax credit that does not require the purchase of a previously unoccupied property. The Federal tax credit does require you be a first time home buyer and there are income restrictions but it's possible to qualify for both.
Who's the next person you know who could benefit from this information? More and more information is coming out every day about these programs so feel free to forward this latest post to those who come to mind. This might be their year to make that home ownership dream come true.
Tuesday, March 3, 2009
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