PR: Home Buying Incentives at Willow Creek Goleta
Got this press release and thought the incentives were rather creative. --Sara
FIRST-TIME HOME BUYERS BENEFIT FROM CREATIVE INCENTIVES IN SANTA BARBARA TOWNHOME COMMUNITY
Willow Creek Townhomes Offers Extra $15,000 in Credits
On Top of 2009 Federal and State Government Homebuyer Tax Credits
GOLETA, CALIF. (Apr. 1, 2009) – Bargain prices, deals and credits are all the rage for first-time homebuyers. But in Santa Barbara County, it’s not just the government luring buyers with extra incentives. Willow Creek, a private enclave of charming Craftsman-style two- and three-bedroom townhomes, is adding $15,000 in purchase credits, a one-of-a-kind incentive program in the city, for first-time home buyers of new homes for a limited time. Willow Creek’s $15,000 credit would give first-time buyers up to $33,000 in purchase credits because it works in tandem with the recent federal and state economic-stimulus package:
As part of the federal program, first-time homebuyers who purchase a home between Jan. 1 and Dec. 1, 2009, are eligible for a tax credit of 10 percent of the value of their home, up to $8,000.
The California state tax credit, on the other hand, is not limited to first-time home buyers and offers either five percent of the purchase price or $10,000 in state assistance taken over the period of three years for new home purchases only.
Four buyers have taken part in the Willow Creek incentive program. One of the recent buyers is Joseph Crosby, 32, born and raised in Santa Barbara. He works for the Santa Barbara Roasting Company as a sales manager. A first-time buyer, Crosby and his wife spent the last two years house hunting in the area. When Crosby learned that he qualified for the federal, state and extra Willow Creek incentives, he made the decision to buy within two days.
“We were on the fence with buying a house and the credits, especially the added boost of $15,000 from Willow Creek really got us off the fence to buy the home of our dreams,” said Crosby. “My two-year-old daughter can live in a new home within a beautiful and safe community and the property value is expected to go up in the next five years, especially in this area—it’s a win-win situation for all.”
The incentive is geared toward single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000. For the state tax credit, there are no maximum income limitations so any buyer purchasing a previously unoccupied home can qualify.
“We introduced our incentive program to give home buyers much needed relief especially in this economy. In the last month, we have seen more people interested in buying at Willow Creek because of our $15,000 credit incentive,” said Kim Crawford, Willow Creek Sales Agent. “And it helps that we’re located next to UC Santa Barbara and other colleges and businesses close by. Students and their parents, recent graduates and faculty want to live in new homes in the Santa Barbara area and they can finally do so at a much affordable price by purchasing a townhome in Willow Creek.”
The new credit does not have to be repaid. For more information on the federal tax credit, visit www.federalhousingtaxcredit.com.
The difference between the state and federal credit is that qualified buyers must purchase a qualified principal residence that has never been occupied. For more information on the state tax credit, visit www.ftb.ca.gov.
About Willow Creek
Willow Creek is a 37-unit development of Craftsman-style townhomes located in the heart of Old Town Goleta. With construction completed in September 2007, the two and three-bedroom homes feature spacious living areas, vaulted master bedroom ceilings, sleek granite kitchen countertops and soothing limestone-style tile flooring. Prices start in the mid-$400,000’s. Four layouts are available ranging from 905 to 1,413 square-feet. Willow Creek is owned by Hollister Development Company, LLC.
Just a 10-minute drive from Santa Barbara, the lush, natural property is conveniently close to UC Santa Barbara, Santa Barbara City College, excellent public and private schools, Glen Annie and Sandpiper Golf Clubs, premiere vineyards, and pristine beaches. The address is 345 Kellogg Way, Goleta, 93117. For more information, visit www.willowcreekgoleta.com or call (805) 284-6699.
# # #
FIRST-TIME HOME BUYERS BENEFIT FROM CREATIVE INCENTIVES IN SANTA BARBARA TOWNHOME COMMUNITY
Willow Creek Townhomes Offers Extra $15,000 in Credits
On Top of 2009 Federal and State Government Homebuyer Tax Credits
GOLETA, CALIF. (Apr. 1, 2009) – Bargain prices, deals and credits are all the rage for first-time homebuyers. But in Santa Barbara County, it’s not just the government luring buyers with extra incentives. Willow Creek, a private enclave of charming Craftsman-style two- and three-bedroom townhomes, is adding $15,000 in purchase credits, a one-of-a-kind incentive program in the city, for first-time home buyers of new homes for a limited time. Willow Creek’s $15,000 credit would give first-time buyers up to $33,000 in purchase credits because it works in tandem with the recent federal and state economic-stimulus package:
As part of the federal program, first-time homebuyers who purchase a home between Jan. 1 and Dec. 1, 2009, are eligible for a tax credit of 10 percent of the value of their home, up to $8,000.
The California state tax credit, on the other hand, is not limited to first-time home buyers and offers either five percent of the purchase price or $10,000 in state assistance taken over the period of three years for new home purchases only.
Four buyers have taken part in the Willow Creek incentive program. One of the recent buyers is Joseph Crosby, 32, born and raised in Santa Barbara. He works for the Santa Barbara Roasting Company as a sales manager. A first-time buyer, Crosby and his wife spent the last two years house hunting in the area. When Crosby learned that he qualified for the federal, state and extra Willow Creek incentives, he made the decision to buy within two days.
“We were on the fence with buying a house and the credits, especially the added boost of $15,000 from Willow Creek really got us off the fence to buy the home of our dreams,” said Crosby. “My two-year-old daughter can live in a new home within a beautiful and safe community and the property value is expected to go up in the next five years, especially in this area—it’s a win-win situation for all.”
The incentive is geared toward single taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000. For the state tax credit, there are no maximum income limitations so any buyer purchasing a previously unoccupied home can qualify.
“We introduced our incentive program to give home buyers much needed relief especially in this economy. In the last month, we have seen more people interested in buying at Willow Creek because of our $15,000 credit incentive,” said Kim Crawford, Willow Creek Sales Agent. “And it helps that we’re located next to UC Santa Barbara and other colleges and businesses close by. Students and their parents, recent graduates and faculty want to live in new homes in the Santa Barbara area and they can finally do so at a much affordable price by purchasing a townhome in Willow Creek.”
The new credit does not have to be repaid. For more information on the federal tax credit, visit www.federalhousingtaxcredit.com.
The difference between the state and federal credit is that qualified buyers must purchase a qualified principal residence that has never been occupied. For more information on the state tax credit, visit www.ftb.ca.gov.
About Willow Creek
Willow Creek is a 37-unit development of Craftsman-style townhomes located in the heart of Old Town Goleta. With construction completed in September 2007, the two and three-bedroom homes feature spacious living areas, vaulted master bedroom ceilings, sleek granite kitchen countertops and soothing limestone-style tile flooring. Prices start in the mid-$400,000’s. Four layouts are available ranging from 905 to 1,413 square-feet. Willow Creek is owned by Hollister Development Company, LLC.
Just a 10-minute drive from Santa Barbara, the lush, natural property is conveniently close to UC Santa Barbara, Santa Barbara City College, excellent public and private schools, Glen Annie and Sandpiper Golf Clubs, premiere vineyards, and pristine beaches. The address is 345 Kellogg Way, Goleta, 93117. For more information, visit www.willowcreekgoleta.com or call (805) 284-6699.
# # #
Labels: Goleta Beautiful, housing, WIllow Creek
posted by Sara De la Guerra | 4/18/2009 06:01:00 AM
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