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NAHB Launches Home Buyer Tax Credit Website

Wednesday, February 18, 2009 5:02:00 AM PDT | VentureDeal Staff

Washington, DC  --  The National Association of Home Builders (NAHB) has announced the launch of a new website that provides information about a federal tax credit for first-time homebuyers.

The tax credit, which was signed into law yesterday by president Obama, is equal to 10% of the home's purchase price up to a maximum of $8,000.

“The new tax credit provides a great opportunity for first-time home buyers,” said Joe Robson, NAHB chairman and a home builder from Tulsa, Okla. “Combined with today’s near record low interest rates, the large selection of homes on the market, and very competitive pricing, the tax credit should be the extra incentive needed to get prospective buyers who have been sitting on the fence into the market.”

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