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Friday, May 14th, 2010 at 10:03 AM

CA State Tax-Credit Update

The $100 million in tax-credit money is holding up OK. If every applicant got the full $10,000, we’re about a quarter of the way done, after nine business days:

Applications for First-Time Buyer Credit received as of 5/13/2010:

As Of # of Applications 57% of the Estimated Credit Request
5/4/2010
430
$2,351,000
5/13/2010
2,470
$13,283,000

Posted on Friday, May 14th, 2010 at 10:03 AM in Housing Tax Credit | 5 Comments » | Print Print You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Reader Comments: 5 Responses

  1. I’m surprised these figures aren’t even higher. Might be delays in processing. Such a stupid tax credit.

    Geotpf | May 14th, 2010 at 3:29 pm

  2. This tax credit plan is an interesting choice in light of Schwarzenegger’s austere budget plan announcement today.

    Sol | May 14th, 2010 at 4:39 pm

  3. this sounds about right to me. I expect the rate to increase by quite a bit over the next 10 business days.

    dafox | May 14th, 2010 at 4:58 pm

  4. Further to Sol’s comment, I can’t believe that this tax credit has gotten more heat in light of all the other budget cuts. It makes me sick.

    alles_klar | May 15th, 2010 at 12:12 am

  5. Hey Jim, I don’t understand the 57%. If only 57% of the credit is being deducted from the $100 million fund, who is paying the other 43%?

    John | May 18th, 2010 at 12:13 pm

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