Dear Fellow HBAM Members,
Thanks to the hard work of your National Association and our members response to requests to contact your legislators, Congress has passed the bill to extend the $8000 first time home-buyer credit AND expanded the program to give a $6500 tax credit to purchasers of any principal residence as long as they have lived in their home 5 years or more. In addition, the income levels for buyers have been increased. You can read the details below but please know that this is a major victory for us.
All that’s left is for the President to sign this bill into law.
Job well done everyone.
Judy Jenkins
HBAM President