California Tax Credit Update

California has already received an estimated 15,010 applications and reservations for the  2010 California New Home Tax Credit!  With 70% of the estimated total requested credit already reaching over $97 million, the credit will soon be history.

The good news is that they’ve only issued certificates and reservations for  just over $3.5 million, so there could still be time for you.   Merimont, Redwood Gate, Satake Estates, and Village Square all have move-in ready homes that would be eligible for tax credit.

Unfortunately, these are all estimates for now, they update the site each week on Thursdays.  Time is certainly of the essence to reserve your share of the tax credit.