The President has signed the bill extending and expanding the home buyer tax credit into law.  First and foremost, a very heartfelt thanks to each and every one of you.  There have been few coalitions that reached the level of activity and activism that Fix Housing First did.  Every time we asked for help, you delivered.  Almost 50,000 messages were sent through our site since September 1, a staggering number by any standard.  

During this process, we've received so many emails from coalition members.  Through it all we have heard how very tough it still is out there and how the home buyer tax credit was about the only bright spot on an otherwise dreary horizon.  While this extension and expansion is a great shot in the arm, we are not out of the woods yet, as you well know.  Please stay involved as we plan to keep you updated on next steps, as there is much work still to be done. 

One final thing: we should never be too busy to say thank you.  Please take one more moment to go back to the site and thank both of your Senators for voting in favor of this bill (remember it passed 98-0), as well as your House member.  Here is a link to the Roll Call vote.  If your Member of Congress voted "yes" (as 403 did), please thank them. 

This victory is your victory and you should be proud of yourselves individually and collectively for what you have done.  It is very hard to get something done in Washington, but you did it and in doing so, you are part of turning this economy around. 

Thank you!

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It Works!

"I am in Sales and this $8,000 tax credit has definitely been a catalyst to new home sales and would continue to be in all of our neighborhoods. We certainly hope this can be extended to continue to rebuild our economy. "

Sue
Maryland

Notable Voices

"Housing historically has been a key factor in helping the economy pull out of a recession. Extending the credit will help reduce the supply of houses for sale, stabilize prices and return housing to its rightful place in the economy."

Bernard Markstein
Senior Economist for the NAHB.

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In The News

Congress should expand $8,000 home-buyer tax credit

The federal stimulus package passed in February has many detractors, but nearly everyone agrees that one provision - the $8,000 first-time homebuyer tax credit - is working precisely as planned, stimulating demand amid record-high unemployment and economic uncertainty. So it's crucial that when Congress returns from recess next week, lawmakers extend the soon-to-expire credit through 2010. And if they want to bolster the fledgling recovery, they'll expand eligibility.

Mercury-News, September 3, 2009
Read the full editorial here