Housing = JobsThursday September 3, 2009
FOR IMMEDIATE RELEASE
September 3, 2009 (Ocala, FL): The clock is ticking on the first-time home buyer tax credit, which expires on December 1, 2009. However, more time is needed to continue to stimulate housing, which will play a big role in fixing the national economy. If Congress acts to extend the tax credit program, it would spur 383,000 additional home sales, including 80,000 housing starts down the road as additional sales help deplete the inventory of unsold homes. This stimulus will create nearly 350,000 jobs over the coming year. That's good for the economy and good for America.
With Congress focused on health care as lawmakers adjourn for their month-long August recess, the home building industry needs to send lawmakers an urgent message: Don’t forget about housing! To help put America back to work and revive today’s struggling economy, legislators should focus on:
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Extending the $8,000 home buyer tax credit until December 1, 2010 and expanding eligibility to all home buyers;
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Correcting appraisal practices that are unnecessarily driving down home values;
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Improving acquisition, development and construction (AD&C) credit conditions; and
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Co-sponsoring net operating loss relief bills H.R. 2452 in the House and S. 823 in the Senate
For this effort to be successful, housing’s voice must be heard loud and clear: YOU MUST GET INVOLVED and reach out to your members of Congress!
Tell your members of Congress to support the legislative proposals listed above by emailing them a letter. This link connects you to an editable template letter to help you get started. Be sure to add personal anecdotes that relay how the housing downturn has impacted you, your family, your community and your business. We can make a difference! Back |
