Housing credit with land and new construction

[kpangelinan]

Anyone have any experience or understanding about the long time buyer housing credit of $6500 when entering in a new construction loan and contract? Client got a construction loan to build a house that won't be completed for another year or two.

Thanks for any help on this.

[BHoffman]

See FAQ

http://federalhousingtaxcredit.com/faq2.php

[kpangelinan]

thank you

http://federalhousingtaxcredit.com/faq2.php

Very good, thanks!