Archives

This Program Bulletin supersedes Program Bulletin #2015-02, dated March 9, 2015. It provides updated CalHFA Income Limits for the MCC program. The attached income limits apply to all MCC Tax Credit Program applications. The attachment shows the maximum income limits by household size for non-targeted and targeted areas.

EMERYVILLE, CA - July 26, 2010 - (RealEstateRama) -- Despite slowdowns in home sales across the country, California is still the nation’s hottest spot for home buying activity, with homes fetching multiple offers and selling above list price, according to the Q2 2010 Home Hunter report released today by ZipRealty (ZIPR).

SACRAMENTO, CA - May 3, 2010 - (RealEstateRama) -- The homebuyer tax credit signed into law earlier this year by Governor Arnold Schwarzenegger will be available beginning Saturday, May 1. Governor Schwarzenegger in March signed into law AB 183 by Assembly Member Ana Caballero, D-Salinas, and co-authored by Senator Roy Ashburn, R-Bakersfield, which establishes a tax credit of $10,000 or 5 percent of the purchase price of a newly built home and a $10,000 tax credit for first-time purchasers of existing homes. The credit will be available beginning May 1 and be good through December 31, 2010, or when funding is exhausted, whichever comes first. The $200 million allocated for the program is split evenly with $100 million going to purchasers of new homes and $100 million going to first-time buyers of existing homes

WASHINGTON, DC - April 7, 2010 - (RealEstateRama) -- Congresswoman Laura Richardson is reminding families in the market for a new home to act soon so they can benefit from the First Time Homebuyer (FTHB) tax credit, which has been extended an additional 30 days to a deadline of May 1, 2010.

March 26, 2010 - (RealEstateRama) -- Governor Arnold Schwarzenegger today returned to the La Ventana Homes project in Fresno where he kicked off his campaign to extend and expand the hugely successful homebuyer tax credit to sign legislation that will do just that. AB 183, authored by Assemblymember Anna Caballero (D-Salinas) and Senator Roy Ashburn (R-Bakersfield), will provide a tax credit of up to $10,000 to Californians who are buying their first home or purchasing a brand new home.

LOS ANGELES, CA - March 26, 2010 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today praised California Governor Arnold Schwarzenegger for his leadership in signing the Homebuyer Tax Credit legislation into law.

SACRAMENTO, CA - March 26, 2010 - (RealEstateRama) -- California homebuilders said the $10,000 tax credit for purchasers of new homes and for first-time purchasers of existing homes will help jump-start the homebuilding industry, create jobs and provide a much-needed boost to the state’s economy

SACRAMENTO, CA - January 7, 2010 - (RealEstateRama) -- California homebuilders applauded Governor Schwarzenegger for his determination to reinvigorate the state’s economy by focusing on jobs, streamlining the construction permitting process and establishing a new homebuyer tax credit.

Morgan Hill, CA - December 23, 2009 - (RealEstateRama) -- After much speculation by the general populace (and the real estate industry) and much consternation by Congress, the much-anticipated extension of the First-Time Homebuyer Tax Credit has been passed.

Washington, DC - December 18, 2009 - (RealEstateRama) -- U.S. Senators Dianne Feinstein (D-Calif.) and Jeff Merkley (D-Ore.) today introduced a measure to spur the development of renewable energy employment and construction, such as wind and solar farms and solar panel factories. The bill would primarily extend and expand a popular Treasury Department grant program that was established in Section 1603 of the American Recovery and Reinvestment Act of 2009 in order to help diminish the impact of the economic crisis on the renewable energy sector

Washington, D.C. - November 16, 2009 - (RealEstateRama) -- Congressman Kevin McCarthy joined House colleagues in cosponsoring bipartisan legislation, the Small Business and Military Family Assistance Act (H.R. 4042), that would extend a tax credit for small businesses that pay differential wages to their employees who are Armed Forces servicemembers and have been called up to active duty.

Washington, DC - November 9, 2009 - (RealEstateRama) -- This week, the House voted on legislation to extend the $8,000 first-time homebuyer tax credit through April 30, 2010, which is currently set to expire December 1, 2009. The bill also expands eligibility of the credit, raising the income eligibility cap on individuals to $125,000 and $225,000 for married couples, up from $75,000 and $150,000 respectively, and homes sold for more than $800,000 are ineligible.

Washington, DC - November 6, 2009 - (RealEstateRama) -- U.S. Rep. Ed Perlmutter (CO-07) voted to stimulate the local economy and provide stability to American families hit hardest by the recession by extending the homebuyer’s tax credit, unemployment benefits, and tax relief for military families and businesses. The Emergency Unemployment Compensation Extension Act will provide immediate assistance, extending relief to millions of workers, families, and businesses nationwide.

WASHINGTON, DC - November 6, 2009 - (RealEstateRama) -- Rep. Pete Stark (D-CA) today praised House passage of Unemployment Insurance Benefits for an additional 20 weeks for workers in California. The Unemployment Compensation Extension Act, H.R. 3548, passed by a bipartisan 403 to 12 vote.

Washington, DC - November 6, 2009 - (RealEstateRama) -- Rep. Watson voted to stimulate the local economy and provide stability to American families hit hardest by the recession by extending unemployment benefits, the homebuyers’ tax credit, and tax relief for military families and businesses. The Emergency Unemployment Compensation Extension Act will provide immediate assistance, extending relief to millions of workers, families, and businesses nationwide.

LOS ANGELES, DC - November 6, 2009 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today commended Congress and the Senate for its swift actions in extending and expanding the provisions of the Federal Tax Credit for First-time Home Buyers. The U.S. House of Representatives earlier today voted 403 to 12 for passage, as did the U.S. Senate late yesterday. The legislation now goes to President Obama for signature.

Washington, DC - November 5, 2009 - (RealEstateRama) -- Congresswoman Lucille Roybal-Allard (CA-34) voted to stimulate the local economy and provide stability to families hit hardest by the recession by extending unemployment benefits, the homebuyers’ tax credit, and tax relief for military families and businesses.

SACRAMENTO, CA - October 26, 2009 - (RealEstateRama) -- New-home construction dipped again in September leading California homebuilders to strengthen the call for the Legislature to extend the successful homebuyer tax credit, the California Building Industry Association announced today

C.A.R. calls for swift adoption of Dodd-Lieberman-Isakson amendment to extend home buyer tax credit. LOS ANGELES, CA - October 26, 2009 - (RealEstateRama) -- The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) today called for the U.S. Senate to swiftly adopt the Dodd-Lieberman-Isakson amendment, which would extend and amplify the hugely successful first-time home buyer tax credit until June 30, 2010.

Nearly 40 percent of first-time home buyers report federal tax credit played critical role in decision to purchase a home. LOS ANGELES, CA - September 21, 2009 - (RealEstateRama) -- Nearly 40 percent of first-time home buyers said they would not have purchased a home if the federal tax credit for first-time home buyers was not offered, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) “2009 First-time Home Buyers Tax Credit Survey.” Understanding the significance of the federal tax credit to the housing market’s recovery, C.A.R. surveyed 200 California first-time home buyers to gauge the impact it had on their purchase decisions