Housing Tax Credit Website Popular

Washington, DC, Aug. 12, 2008 - A newly launched website, www.federalhousingtaxcredit.com, has attracted more than 100,000 visitors, indicating that there is a strong interest among consumers to take advantage of a temporary $7,500 tax credit for the purchase of a first home, according to the National Association of Home Builders (NAHB).
 
“The initial response is encouraging,” said NAHB President Sandy Dunn, a home builder from Point Pleasant, W.Va. “This could be the trigger that helps move prospective first-time buyers off the fence and back into the market. But it won’t last forever.”
 
The tax credit is among several provisions included in landmark housing legislation enacted into law last month that will help get housing and the economy back on their feet.
 
The Web site contains useful information on how the tax credit works, including eligibility requirements. To date, the site has attracted 116,000 unique visitors, or about 10,000 per day. It includes details and questions and answers on how home buyers can use the credit.