NSMC eNews - 02/18/2009 (Plain Text Version)

Tom Stephani, MIRM, Master CSP, CGB, GMB
NSMC Chair

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In this issue:
The New Stimulus Package Signed Into Law
Builders Launch Tax Credit Web Site
NAHB Applauds ANSI Approval of National Green Building Standard™
IBS NSMC/IRM Committee Minutes Now Available Online
Nation’s Home Builders Elect Leadership for 2009
IBS Recap -- IRM Breakfast and The Nationals
New Trustees Announced at IBS
Congratulations to New IRM Designees!
Can't Find the IRM Directory?
Missed the SMC Workshop? Find Out How to Inspire Volunteers and Members
2009 SMC Directory Now Available Online
Continuing Education Opportunities: Look No Further than Your Local SMC
IRM Course Schedule for February, March and April
SMI Magazine Sneak Peek: March/April Issue
New Content on the Channel: Builder-Broker Relations, Market Research, Technology and Ask a MIRM
You Have Two Days Left to Become a Speaker at the 2010 IBS – Deadline February 20!
New Builder Business Guides Released at IBS – Free for Members
Register fo the Multifamily Pillars of the Industry Conference and Awards Gala
Member Advantage Discounts: FedEx, GM & Wyndham Hotels

Builders Launch Tax Credit Web Site

NAHB has launched a newly-designed Web site that provides detailed information on the $8,000 tax credit for first-time home buyers, a key provision in the sweeping economic stimulus legislation signed into law by President Barack Obama.

This site can serve as a great resource to new home sales and marketing professionals to prepare for prospective buyers' questions about the credit. The site is also an easy way to inform prospective buyers by linking to it in any e-blasts or follow up e-mails. In addition, sales and marketing professionals can use the site to figure out how to incorporate the credit into their strategies and campaigns by identifying benefits and other resources available to home buyers.

“The new tax credit provides a great opportunity for first-time home buyers,” said NAHB Chairman Joe Robson. “Combined with today’s near record low interest rates, the large selection of homes on the market and very competitive pricing, the tax credit should provide the extra incentive needed to get prospective buyers who have been sitting on the fence into the market.”

In addition to being limited to first-time home buyers, the tax credit:

Is equal to 10% of the home’s purchase price up to a maximum of $8,000.
Is available for homes purchased on or after Jan. 1, 2009 and before December 1, 2009.
Does not have to be repaid.
Has income limits of $75,000 for single taxpayers and $150,000 for married couples.

The Web site at www.federalhousingtaxcredit.com includes basic information about the tax credit and a detailed question and answer section. It also includes information about other housing-related and small business measures in the legislation and a number of home-buying resources for consumers.