Homebuyers can take advantage of this substantial new tax credit at participating Orleans communities across the region. In addition, qualifying buyers will also enjoy extra incentives for the deal of a lifetime!

We build quality homes in the neighborhoods where you want to live. Right now, we have many communities that offer the perfect style and ideal price for first-time homebuyers – charming townhomes, condos and single-family homes. And you can visit them all.

Visit the Federal Housing Tax Credit website for comprehensive information on this new bill!

So don’t miss out! The new tax credit is only available for a limited time. Ask an Orleans Sales Representative how you can take advantage of this incredible opportunity!

Q: Who is eligible to claim the $8,000 tax credit?
A: First-time home buyers purchasing any kind of home are eligible for the tax credit. To qualify for the tax credit, a home purchase must occur on or after January 1, 2009 and on or before April 30, 2010. The law also allows home sales occurring by June 30, 2010 to qualify, provided they are due to a binding sales contract in force on or before April 30, 2010. Those claimed as dependents by other taxpayers or who are under age 18 are not qualified for the tax credit program.

Q: What is the definition of a first-time home buyer?
A: The law defines “first-time home buyer” as a buyer who has not owned a principal residence during the three-year period prior to the purchase. For married taxpayers, the law tests the homeownership history of both the home buyer and his/her spouse.

Q: How is the amount of the tax credit determined?
A: The tax credit is equal to 10 percent of the home’s purchase price up to a maximum of $8,000.

Q: Are there any income limits for claiming the tax credit?
A: Yes. For sales occurring after November 6, 2009, the income limit for single taxpayers is $125,000; the limit is $225,000 for married taxpayers filing a joint return.