Friday, June 19, 2009

Housing Tax Credit

Hey everyone!

So sorry I haven't posted in a while; it's been pretty hectic around here! But I guess that's good, more people are learning about the Land Trust movement and wanting to know how they can join in!

Did you see our feature article in the Plain Dealer Real Estate section? It's a great article covering the Green Cottages; http://www.cleveland.com/pdrealestate/plaindealer/index.ssf?/base/zre01/1243548905230220.xml&coll=2

So here's some housing news you still have time to take advantage of. How many of you are familiar with the new housing tax credit? The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.

It's already almost July so if you're thinking about buying your first home, now is the perfect time! Making sure your credit and finances are A-OK (and perhaps building) can take a few months, so don't hesitate to get your homebuying process started and miss the opportunity to take advantage of this new bill. The link below will tell you all you need to know about qualifying. And of course, this credit does apply to the Green Cottages!!!!
http://www.federalhousingtaxcredit.com/2009/faq.php

Talk to you later,
Diana
www.ccLandTrust.org

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