Housing Stimulus Update

Congress is actively considering an expanded home buyer tax credit, and the Senate has approved the following improvements:

• The tax credit amount increases to $15,000.
  
• The tax credit is extended to anyone buying a principal residence.
  
• The tax credit will apply to all purchases occurring within a year after the bill is signed into law.
  
• It is a true tax credit; it does not have to be repaid.
  

Please call your Senators and urge support for the expanded home buyer tax credit. To reach your Senators, call 1-866-924-NAHB (6242).