New Temporary Tax Credit Benefits First Time Home Buyers

On July 30, 2008 President Bush signed the Housing Stimulus Bill into law. The new bill, known as the Housing and Economic Recovery Act of 2008, provides a temporary tax credit for qualified first-time home buyers and home buyers who have not owned a home in the last three years. Home buyers can take advantage of the temporary tax credit at McCar Homes’ Robbins Brook community located in the heart of the Triad. With its affordable prices and great location, Robbins Brook is perfect for first-time home buyers. Homes at Robbins Brook are priced from the $170,000s with monthly payments as low at $1,400.
On July 30, 2008 President Bush signed the Housing Stimulus Bill into law. The new bill, known as the Housing and Economic Recovery Act of 2008, provides a temporary tax credit for qualified first-time home buyers and home buyers who have not owned a home in the last three years. Home buyers can take advantage of the temporary tax credit at McCar Homes’ Robbins Brook community located in the heart of the Triad. With its affordable prices and great location, Robbins Brook is perfect for first-time home buyers. Homes at Robbins Brook are priced from the $170,000s with monthly payments as low at $1,400.
Robbins Brook features two-story, single-family homes with 2,075 to 3,275 square feet of living space. Luxurious features that include spacious master suites with large walk-in-closets, crown molding, recessed can lighting, gas fireplaces and two-car garages can be found in every home at Robbins Brook. Sunrooms and main floor master suites are also available per plan. Residents at Robbins Brook will enjoy the same luxurious lifestyle outdoors with a fabulous amenities package that includes a cabana, community pool and playground.
Children at Robbins Brook attend Sedge Garden Elementary, Southeast Middle School and Glenn High School. To visit this amazing community, take I-40 Business West to the Linville Exit and turn right. Travel to Kernserville Road and turn right. Take a left onto Robbins Road and Robbins Brook will be on the right. 

About the Temporary Tax Credit
The temporary tax credit for first-time home buyers was enacted as part of the Housing Stimulus Bill signed into law by President Bush on July 30, 2008. Known as The Housing and Economic Recovery Act of 2008, the bill provides eligibility for first-time home buyers who purchase a home on or after April 9, 2008 and before July 1, 2009 to receive a tax credit of up to $7,500. The amount of credit given is 10% of the cost of the home, not to exceed $7,500.
Single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 are eligible for the tax credit. Home buyers will be required to repay the credit to the government, without interest, over 15 years or when they sell the house, if there is sufficient capital gain from the sale.

About McCar Homes
Dan and Elaine McSwain founded McCar Homes more than 50 years ago with a mission to build homes for buyers who desire the best homes in sought-after locations. Today, the company has grown from a hometown builder into one of the nation’s top builders and is ranked 39th by Professional Builder.  McCar Homes has earned numerous national and regional awards. With an experienced team of professionals, McCar Homes sets a new standard for exceptional quality, innovative home design, outstanding amenities and customer satisfaction – building new home communities across the Southeastern United States including Georgia, North Carolina, South Carolina and Florida. For more information, visit www.mccarhomes.com.