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We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing because of race, color, religion, sex, or national origin.
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The New Home Buyer's Tax Credit Questions & Answers
No doubt you've heard about the new First Time Home Buyer's Tax Credit which was just signed into law by President Bush. Below in question and answer format, the credit is explained. The credit is a refundable credit of up to $7,500 which becomes the equivalent of a no interest loan from the federal government. Pay particular attention to the repayment provisions related to the credit covered in questions 12 to 14 below.
- Who is eligible to claim the $7,500 tax credit? First time home buyers purchasing any kind of home-new or resale-are eligible for the tax credit.
President Bush Signs HR 3221
The housing bill signed by President Bush on July 30, 2008, includes a long list of provisions. We've sifted through the bill and highlighted major topic areas of interest to the factory built housing industry. A separate summary is provided for the first time homebuyer tax credit. There were no basic changes to the bill in the Senate prior to passage.
A new Federal Housing Finance Agency is created by the bill which consolidates the regulation of the GSE's (Fannie Mae and Freddie Mac specifically) and the Federal Home Loan Banks (together the three agencies are referred to as the entities hereafter.) The Director of this agency will have to power to regulate the entities and has a requirement to report to Congress on their activities.
System-built homes provide a green alternative
Looking for green options in home ownership? System-built homes have an eco-friendly advantage over site-built homes from the moment construction begins. Being built in a factory, it's easier to control the amounts of waste created and recycled throughout the homebuilding process. Building materials are precut with system-built homes, significantly reducing waste by up to 70 percent.
Homes designed to meet the needs of all generations
Imagine a beautiful home that is specially designed to meet the needs of you and your growing family, one that allows you to care for an aging parent, and appeals to everyone in your family. A universally designed home is making great strides, with features that increase the functionality of your home for people of all ages, sizes and abilities.
Universal design is a way of ensuring that homes are designed and built to be used by all people, to the greatest extent possible, without the need for adaptation or remodeling at a later date. These design principles are easily applied to system-built homes. When a system-built home is universally designed from the start, it simplifies life for everyone, regardless of life stage or abilities. It meets the wide span of the homeowners' needs, now and into the future.
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