New Housing Bill Provides Incentive for Homebuyers in Ulster County

Under the new Housing Bill signed by President Bush, homebuyers can receive a credit of up to 10% of the purchase price of a new home if they have not purchased a home in the last three years. The maximum credit amount is $7500 for two individuals purchasing the home jointly. The credit applies for homes bought after April 9th of this year and extends until July 1, 2009. Income restrictions do apply. This is another good incentive to get buyers off the fence and another reason why it is a good time to purchase a home in Ulster County.

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