Promoting tax credit for homebuyers
Renters in the Fort Worth area should consider taking advantage of the new $7,500 federal tax that Congress put into place for first-time homebuyers and individuals who have not owned a house for the past three years.
The Housing Stimulus Act sets out an entire package of provisions to stabilize the housing industry and help more Americans realize their dream of homeownership.
The legislation offers a window of opportunity for individuals and families to join the ranks of proud homeowners. While we are bombarded daily with stories about how bad the economy is, Tarrant County is still one of the most affordable home markets in the U.S. And, it’s really a buyer’s market.
The $7,500 federal tax credit is available right now to first-time homebuyers or buyers who have not owned a home for three years. Married couples who earn less than $150,000, and individuals who earn less than $75,000, qualify for the full $7,500 credit.
Our trade association represents more than 700 member companies involved in home building, remodeling, multi-family construction, property management, subcontracting, design, housing finance, building product manufacturing and other aspects of residential and light commercial construction.
Our Hammer and Nails Political Action Committee (PAC) is our Association’s political arm with members making it their business to advocate for their customers – and all homeowners – when government bureaucracies want to overregulate the housing industry. In order to try to balance their budgets, municipalities are adding more and more development and roadway fees – the results of which drive home prices higher and higher. You can count on our member companies of the builders association to be the voice of homebuyers everywhere.
Look for print ads and Web sites of homebuilders in the areas where you want to live. Spend the next few weekends attending the many open houses in beautiful new neighborhoods. Don’t wait so you will be able to subtract $7,500 from the taxes you will pay the IRS this year.
