A recent bill was passed which provided for tax-exempt interest earned on certain state and local bonds issued during 2009 and 2010 to b exempt from Alternative Minimum Tax. In addition financial institutions will have greater capacity to purchase these tax-exempt state and local bonds.
Summary of provisions will include:
Renewed investment in America’s Historic and Older Pubic Buildings and Infrastructure to fund:
• School Modernization and Repair program
• Renovations to federal buildings focused on energy efficiency
• Financial Assistance for National Recovery Zones created two new types of bonds; Recovery zone infrastructure bonds and Recovery zone facility bonds.
• Energy-efficient retrofitting of public and low-income housing
Main Street Reinvestment Grants for Strengthening Communities:
• Neighborhood Stabilization to create affordable housing and reduce neighborhood blight by rehabilitating foreclosed, vacant properties
• HUDs Home investment partnerships to help communities rehab low-income housing and increase energy efficiency
• Community Development Block Grants
Real estate professionals should learn all they can about the stimulus plan and programs that can be of benefit to their clients. Many of the programs will create jobs to help the economy. Real estate agents can assist their clients by encouraging them to utilize the appropriate program to help them with their individual needs.
Other provisions of the Stimulus Plan include:
First Time Homebuyer Tax Credit
FHA, Fannie Mae and Freddie Mac Loan Limits
Neighborhood Stabilization
Commercial Real Estate
Rural Housing Services
Low Income Housing Grants
Energy Efficient Housing Tax Credits and Grants
Transportation Investments
Broadband Deployment
Mark Goedert of Goedert Real Estate has been a real estate professional for over 50 years. His clients include first-time home buyers, home sellers, real estate developers, REO agents and real estate agents. His site is a one-stop real estate website for all your home buying and selling needs in South-East Michigan and the Down River areas.
Mark Goedert serves clients in the Down River area, Calhoun, Battle Creek, Marshall, Albion, Hillsdale, Ingham, Lansing, Okemos, Mason, Jackson, Lenawee, Adrian, Tecumseh, Hudson, Livingston, Howell, Brighton, Pinckney, Macomb, Sterling Heights, Warren, St. Clair Shores, Monroe, Temperance, Bedford, Oakland, Farmington Hills, Royal Oak, Southfield, Washtenaw, Ann Arbor, Ypsilanti, Saline, Wayne, Detroit, Dearborn, Livonia, Canton, Trenton and more in South East Michigan.
Thursday, July 30, 2009
Stimulus Package: Tax Credits for Energy Efficiency - Benefits to First-time Home Buyers in Down River, Wayne County, Michigan
A bill was recently passed providing many provisions for realtors and home buyers. The energy efficient housing tax credits and grants promote green jobs and energy independence; ARRA invests in efforts to make homes and buildings more energy efficient.
This bill provides state and local governments with grants to perform energy audits, retrofits and income tax credits. Through 2010, homeowners will be able to claim a 30% tax credit for purchases of new energy efficient furnaces, windows and insulation.
Home owners can apply for this on their income tax return; qualifying home improvements must be completed between January 1, 2009 and December 31, 2010 and they must be performed on the tax payer’s principal residence. Some second homes can qualify for certain improvements including geothermal heat pumps, solar water heaters, solar panels and small wind energy systems.
A maximum of $1,500 can be claimed for this credit for 2009 and 2010 home improvements. New home construction credits can be claimed for geothermal heat pumps, photo-voltaic, solar water heaters, small wind energy systems and fuel cells, but not the tax credits for windows, doors, insulation, roofs, HVAC, or non-solar water heaters.
Use the IRS Tax Form 5695 to calculate your energy credit for home repairs in 2009 and 2010.
Funding will be available to update the nation’s electricity grid and to install smart meters on homes to help save consumers money. Additional funding will assist low-income households with weatherization assistance and to fund federally assisted housing (Section 8) efficiency efforts.
Other provisions of the Stimulus Plan include:
First Time Homebuyer Tax Credit
FHA, Fannie Mae and Freddie Mac Loan Limits
Neighborhood Stabilization
Commercial Real Estate
Rural Housing Services
Low Income Housing Grants
Tax Exempt Housing Bonds
Transportation Investments
Broadband Deployment
Professional real estate agents should be familiar with the various tax incentive and credits available to home buyers and home owners. These credits are helpful to first-time home buyers who, quite often, are not aware of the programs they could be utilizing. A professional real estate person can advise their clients of these helpful programs to assist them in their real estate investing or home buying experience.
Mark Goedert of Goedert Real Estate has been serving customers in South East Michigan for over 50 years. Their offices are open 7 days a week, providing the most innovative technological services available to REO property managers, banks, first-time homebuyers and home sellers.
This bill provides state and local governments with grants to perform energy audits, retrofits and income tax credits. Through 2010, homeowners will be able to claim a 30% tax credit for purchases of new energy efficient furnaces, windows and insulation.
Home owners can apply for this on their income tax return; qualifying home improvements must be completed between January 1, 2009 and December 31, 2010 and they must be performed on the tax payer’s principal residence. Some second homes can qualify for certain improvements including geothermal heat pumps, solar water heaters, solar panels and small wind energy systems.
A maximum of $1,500 can be claimed for this credit for 2009 and 2010 home improvements. New home construction credits can be claimed for geothermal heat pumps, photo-voltaic, solar water heaters, small wind energy systems and fuel cells, but not the tax credits for windows, doors, insulation, roofs, HVAC, or non-solar water heaters.
Use the IRS Tax Form 5695 to calculate your energy credit for home repairs in 2009 and 2010.
Funding will be available to update the nation’s electricity grid and to install smart meters on homes to help save consumers money. Additional funding will assist low-income households with weatherization assistance and to fund federally assisted housing (Section 8) efficiency efforts.
Other provisions of the Stimulus Plan include:
First Time Homebuyer Tax Credit
FHA, Fannie Mae and Freddie Mac Loan Limits
Neighborhood Stabilization
Commercial Real Estate
Rural Housing Services
Low Income Housing Grants
Tax Exempt Housing Bonds
Transportation Investments
Broadband Deployment
Professional real estate agents should be familiar with the various tax incentive and credits available to home buyers and home owners. These credits are helpful to first-time home buyers who, quite often, are not aware of the programs they could be utilizing. A professional real estate person can advise their clients of these helpful programs to assist them in their real estate investing or home buying experience.
Mark Goedert of Goedert Real Estate has been serving customers in South East Michigan for over 50 years. Their offices are open 7 days a week, providing the most innovative technological services available to REO property managers, banks, first-time homebuyers and home sellers.
Stimulus Package: Transportation Infrastructure - Benefits to Real Estate Developers in Hillsdale County, Michigan
The Senate passed a bill in February of 2009 that would provide funds to states and localities for capital investment for surface transportation projects including highways, bridges, transit, and rail projects.
The investment is expected to moderate traffic congestion and support a variety of transportation alternatives to improve the quality of life in American communities and increase the value of real estate.
The goal is to stimulate economic growth and job creation to get the economy back on to the right track. This investment means creating jobs for people to go to work rebuilding crumbling roads and bridges and repairing faulty dams and levees. Upgrading mass transit, building high-speed rail lines will improve travel and commerce throughout the nation.
Highlights of the investment include funds for the following projects:
• Highway and Bridge Construction
• Mass Transit and Public Transportation
• High-speed Rail
• Aviation
• Water and Maritime Administration
Transportation infrastructure pays off in many ways including creating jobs, improving the transportation network; thus, improving the ability for the country to improve and be economically productive.
Knowledge of the transportation infrastructure is important to realtors; it plays a major role in choosing a location to invest in based on life style requirements.
Other provisions of the Stimulus Plan include:
First Time Homebuyer Tax Credit
FHA, Fannie Mae and Freddie Mac Loan Limits
Neighborhood Stabilization
Commercial Real Estate
Rural Housing Services
Low Income Housing Grants
Tax Exempt Housing Bonds
Energy Efficient Housing Tax Credits and Grants
Broadband Deployment
Mark Goedert of Goedert Real Estate takes all things into consideration when working with clients who are buying and selling real estate. Whether you’re a first-time home buyer, upgrading to a larger home, relocating with your job, buying a retirement home, investing in or developing real estate; his site provides resources, demographic data and useful information.
Mark Goedert serves clients in the Down River area, Calhoun, Battle Creek, Marshall, Albion, Hillsdale, Ingham, Lansing, Okemos, Mason, Jackson, Lenawee, Adrian, Tecumseh, Hudson, Livingston, Howell, Brighton, Pinckney, Macomb, Sterling Heights, Warren, St. Clair Shores, Monroe, Temperance, Bedford, Oakland, Farmington Hills, Royal Oak, Southfield, Washtenaw, Ann Arbor, Ypsilanti, Saline, Wayne, Detroit, Dearborn, Livonia, Canton, Trenton and more in South East Michigan.
The investment is expected to moderate traffic congestion and support a variety of transportation alternatives to improve the quality of life in American communities and increase the value of real estate.
The goal is to stimulate economic growth and job creation to get the economy back on to the right track. This investment means creating jobs for people to go to work rebuilding crumbling roads and bridges and repairing faulty dams and levees. Upgrading mass transit, building high-speed rail lines will improve travel and commerce throughout the nation.
Highlights of the investment include funds for the following projects:
• Highway and Bridge Construction
• Mass Transit and Public Transportation
• High-speed Rail
• Aviation
• Water and Maritime Administration
Transportation infrastructure pays off in many ways including creating jobs, improving the transportation network; thus, improving the ability for the country to improve and be economically productive.
Knowledge of the transportation infrastructure is important to realtors; it plays a major role in choosing a location to invest in based on life style requirements.
Other provisions of the Stimulus Plan include:
First Time Homebuyer Tax Credit
FHA, Fannie Mae and Freddie Mac Loan Limits
Neighborhood Stabilization
Commercial Real Estate
Rural Housing Services
Low Income Housing Grants
Tax Exempt Housing Bonds
Energy Efficient Housing Tax Credits and Grants
Broadband Deployment
Mark Goedert of Goedert Real Estate takes all things into consideration when working with clients who are buying and selling real estate. Whether you’re a first-time home buyer, upgrading to a larger home, relocating with your job, buying a retirement home, investing in or developing real estate; his site provides resources, demographic data and useful information.
Mark Goedert serves clients in the Down River area, Calhoun, Battle Creek, Marshall, Albion, Hillsdale, Ingham, Lansing, Okemos, Mason, Jackson, Lenawee, Adrian, Tecumseh, Hudson, Livingston, Howell, Brighton, Pinckney, Macomb, Sterling Heights, Warren, St. Clair Shores, Monroe, Temperance, Bedford, Oakland, Farmington Hills, Royal Oak, Southfield, Washtenaw, Ann Arbor, Ypsilanti, Saline, Wayne, Detroit, Dearborn, Livonia, Canton, Trenton and more in South East Michigan.
Stimulus Package: Broadband Deployment - How it Benefits the Real Estate Industry in South East Michigan
The purpose of this bill is to fund grants to promote broadband deployment in underserved areas and for mapping availability of broadband service in the US. Entities eligible to apply for a grant include municipalities, public/private partnerships and private companies who comply with specific conditions.
The grants are subject to “network neutrality” requirements to ensure that broadband networks are free of restrictions on content, sites or platforms, on the kinds of equipment that may be attached, and on modes of communication allowed.
The bill charges the FCC with developing a national broadband plan that ensures all Americans have access to broadband capability and establishing benchmarks for meeting the goal.
Broadband is essential for economic growth and development as well as quality of life. Development can help create an economic revival as we come out of the recession. This is important to realtors as internet access promotes economic growth and expands opportunities for home sales. Studies have shown that property values are relatively higher in communities where broadband is available.
Businesses are unlikely to relocate to areas without high-speed internet access and parents want the internet to be available for use in their children’s education. Entrepreneurs utilize the internet for launching new companies and marketing their services.
Real estate professionals and business owners consider broadband access to be a necessity; not a luxury as it once was. In many areas the development of broadband has been known to boost the economy and improve quality of life.
Other provisions of the Stimulus Plan include:
First Time Homebuyer Tax Credit
FHA, Fannie Mae and Freddie Mac Loan Limits
Neighborhood Stabilization
Commercial Real Estate
Rural Housing Services
Low Income Housing Grants
Tax Exempt Housing Bonds
Energy Efficient Housing Tax Credits and Grants
Transportation Investments
Mark Goedert of Goedert Real Estate has over 50 years experience in the real estate buying and selling industry. His site provides free reports and resources for seasoned and new real estate investors, home buyers and sellers in South East Michigan and the Down River Area.
Mark Goedert serves clients in the Down River area, Calhoun, Battle Creek, Marshall, Albion, Hillsdale, Ingham, Lansing, Okemos, Mason, Jackson, Lenawee, Adrian, Tecumseh, Hudson, Livingston, Howell, Brighton, Pinckney, Macomb, Sterling Heights, Warren, St. Clair Shores, Monroe, Temperance, Bedford, Oakland, Farmington Hills, Royal Oak, Southfield, Washtenaw, Ann Arbor, Ypsilanti, Saline, Wayne, Detroit, Dearborn, Livonia, Canton, Trenton and more in South East Michigan.
The grants are subject to “network neutrality” requirements to ensure that broadband networks are free of restrictions on content, sites or platforms, on the kinds of equipment that may be attached, and on modes of communication allowed.
The bill charges the FCC with developing a national broadband plan that ensures all Americans have access to broadband capability and establishing benchmarks for meeting the goal.
Broadband is essential for economic growth and development as well as quality of life. Development can help create an economic revival as we come out of the recession. This is important to realtors as internet access promotes economic growth and expands opportunities for home sales. Studies have shown that property values are relatively higher in communities where broadband is available.
Businesses are unlikely to relocate to areas without high-speed internet access and parents want the internet to be available for use in their children’s education. Entrepreneurs utilize the internet for launching new companies and marketing their services.
Real estate professionals and business owners consider broadband access to be a necessity; not a luxury as it once was. In many areas the development of broadband has been known to boost the economy and improve quality of life.
Other provisions of the Stimulus Plan include:
First Time Homebuyer Tax Credit
FHA, Fannie Mae and Freddie Mac Loan Limits
Neighborhood Stabilization
Commercial Real Estate
Rural Housing Services
Low Income Housing Grants
Tax Exempt Housing Bonds
Energy Efficient Housing Tax Credits and Grants
Transportation Investments
Mark Goedert of Goedert Real Estate has over 50 years experience in the real estate buying and selling industry. His site provides free reports and resources for seasoned and new real estate investors, home buyers and sellers in South East Michigan and the Down River Area.
Mark Goedert serves clients in the Down River area, Calhoun, Battle Creek, Marshall, Albion, Hillsdale, Ingham, Lansing, Okemos, Mason, Jackson, Lenawee, Adrian, Tecumseh, Hudson, Livingston, Howell, Brighton, Pinckney, Macomb, Sterling Heights, Warren, St. Clair Shores, Monroe, Temperance, Bedford, Oakland, Farmington Hills, Royal Oak, Southfield, Washtenaw, Ann Arbor, Ypsilanti, Saline, Wayne, Detroit, Dearborn, Livonia, Canton, Trenton and more in South East Michigan.
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