Statement from NAHB Chairman Ed Brady on Sen. Wyden’s Tax Bill

WASHINGTON, D.C. – (RealEstateRama) — Ed Brady, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Bloomington, Ill., issued the following statement regarding the First-time Homebuyer Credit Act, legislation introduced last night by Sen. Ron Wyden (D-Ore.):

“NAHB commends Sen. Wyden’s creative proposal to spur homeownership by providing first-time home buyers a refundable tax credit equal to 2.5 percent of the purchase price of their home up to a maximum credit of $10,000. This measure recognizes the need to help young families get a leg up on the homeownership ladder. We look forward to working with Sen. Wyden as the bill moves forward.”

CONTACTS
Stephanie Pagan
202-266-8254

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NAHB

NAHB (National Association of Home Builders) is a trade association that helps promote the policies that make housing a national priority. Since 1942, NAHB has been serving its members, the housing industry, and the public at large.

Contact:

Ann Marie Moriarty
202-266-8350

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