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| Community News |
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Franklin homebuyers take advantage of 10 percent tax credit
President Barack Obama’s $787 billion economic stimulus package now includes an
incentive for first-time homebuyers who purchase a home between January 1 and
December 1, 2009. The package includes a new refundable tax credit for
first-time homebuyers equal to 10 percent of the home’s purchase price, up to
$8,000. Since a home in a Franklin community is already affordable, homebuyers
are able to take full advantage of the 10 percent tax credit!
To qualify for the tax credit, the buyer must be a first-time homeowner, or a
buyer who has not owned a residence during the three-year period prior to the
purchase. Single taxpayers may not exceed adjusted gross incomes of $75,000,
and married couples may not exceed $150,000. If the credit exceeds the
taxpayer’s tax liability, the taxpayer is able to receive a check for the
difference. The tax credit must be repaid if the first-time homebuyer sells the
home within three years.
If you would like to take advantage of this limited-time opportunity to save 10
percent, please
contact us.
It’s a great time to buy a home!
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Mary McKenzie was recognized for excellence in community service with the Doug
Altschwager Accredited Community Manager Award in 2008.
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Mary McKenzie has successfully completed her Accredited Community Manager
Course. Congratulations Mary!
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Award Winner
 Raisin Ridge has received the
award Best New Land-lease Manufactured Home Community in the U.S. for 2002 by
the National Manufactured Housing Institute in Arlington, VA.
The award is given annually to developers who have built communities that
exemplify quality for architecture, landscaping, resident relations, services
and commitment to the greater community.
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