Tax Credit for Hawaii Kai Buyers May be Expanded
Congress is reviewing legislation just introduced to expand the tax credit now limited to first-time homebuyers to any purchaser of a home and increase the maximum available to $15,000.
Now capped at $8,000, the tax credit is one part of President Obama's mortgage recovery plans. U.S. Sen. Johnny Isakson, a Georgia Republican, introduced the legislation, and Senate Banking Committee Chair Christopher Dodd, a Connecticut Democrat, quickly stepped up to co-sponsor.
The National Association of REALTORS® and the National Association of Home Builders have said they would like to see the tax credit improved.
Contact me for more information about the tax credit, and how you can use it to purchase Hawaii Kai property.
Barbara Abe, Realtor
808-226-2537
barbara@barbarashawaii.com
www.movetohawaiikai.com
www.barbarashawaii.com