Staten Island, N.Y.–Leewood Real Estate Group has announced it will offer a credit program for buyers of its apartments and homes.
The Staten Island-based homebuilder said it will offer to match the terms of the federal tax credit if prospective buyers close on a home with them before the Fourth of July. Certain military personnel who served overseas could qualify for an extension of the federal program, which Leewood has committed to matching, thereby doubling their credit.
The federal government provided a tax credit for eligible homebuyers equal to 10 percent of the home’s purchase price, up to a maximum of $8,000. The program ended on April 30. Leewood has offered to match the amount the purchaser would have qualified for under the federal guidelines, and apply it as a credit toward closing costs. The company will also waive the first time homebuyer requirement.
Under the federal tax credit guidelines, qualified armed forces personnel who served outside of the U.S. for at least 90 days from December 31, 2008 to May 1, 2010 will receive a one-year extension on the original deadline, to April 30, 2011. Leewood would make its $8,000 credit available to those military personnel who qualify for the extension. This “Double the Credit” program provides a maximum of $16,000.
The Leewood Tax Credit Match and “Double the Credit” deals are featured at The Estates at Opal Ridge. Located in the Pleasant Plains section of Staten Island, The Estates at Opal Ridge is a community of 22 luxury one- and two-family homes, featuring amenities such as two-story foyers, circular staircases and walk-in closets.