American Recovery and Reinvestment Act of 2009
Here’s an interesting article published by MHI (the Manufactured Housing Institute) on how the new American Recovery and Reinvestment Act of 2009 will affect Manufactured Housing:
“On February 17, 2009 President Obama signed the American Recovery and Reinvestment Act of 2009 into law. Key provisions advocated by the Manufactured Housing Institute (MHI) and its affiliates the National Modular Housing Council (NMHC) and National Communities Council (NCC) were included in the final economic stimulus package. In particular, the law authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009.”
“Does this tax credit apply to manufactured and modular homes? Any home that will be used as a principal residence will qualify for the credit including manufactured homes, modular homes, site-built homes, even houseboats!
This also includes homes placed on private land or in a land-lease Community, a condominium, or a cooperative.Mobile Homes financed using a personal property loan are eligible.”
Read more of the original article via MHI at:
http://www.manufacturedhousing.org/admin/template/brochures/721temp.pdf
