Kerry Ridge Townhomes, Chicago Ridge, IL

Don’t Miss The Tax Credit Extension And Expansion Opportunities. Lennar Has A Select Number Of Homes That Qualify For The Tax Credits In The Windy City!

There’s a tax credit for everyone this time around and the Chicago division of Lennar, one of the nation’s leading homebuilders, wants to make sure every prospective homebuyer takes advantage of this historic opportunity.

The new legislation signed into law provides an extended and expanded version of the homebuyer tax credit opportunity that was previously scheduled to end at the end of the month. First-time homebuyers now have through April of next year to take advantage of the up to $8,000 tax credit. Plus, the new legislation also includes existing homeowners who can receive a tax credit of up to $6,500 provided that they have owned their current home for at least five consecutive years during the last eight years prior to the new home purchase.

“We are thrilled that this new legislation includes not only first-time homebuyers but also existing homeowners,” said Doug Bober, Vice President of Operations for Lennar’s Chicago division. “Any prospective buyer that wants to own a brand new home needs to act now and take advantage of this historic time in the real estate market.”

The Chicago division of Lennar offers a variety of homes from townhomes, duplex homes, ranch villas and row homes in the most desired locations in the Chicagoland area. Homes are strategically located near the Metra Transit System, CTA Transit System, O’Hare International Airport, Midway Airport and every major expressway.

With hundreds of Communities nationwide and a product offering designed for first-time, move-up, commuters, luxury and young downsizers and active adult buyers, Lennar has long distinguished itself by including the most desired features and upgrades as standard.

For more information on Lennar Communities in the Chicago area call visit lennar.com/Chicago. Welcome Home Centers and decorated models are open daily.

Brokers participation welcome.

First-time homebuyer is any individual (excluding a non-resident alien) who has not owned a principal residence during the past three years and is purchasing the new home as their primary residence. Credit is subject to 3-year ownership requirement. ‡To be eligible to claim the $6,500 credit, buyers who have owned and resided in a home for any 5-consecutive year period during the last 8 years, must close after the date of enactment (11/6/09), and prior to 7/1/10. Tax Credit is subject to eligibility requirements. Lennar cannot provide guarantees of actual savings and does not guarantee the homebuyers’ qualification for the federal tax credit. Not tax advice; homebuyers should consult with their tax advisor. Tax laws are subject to change. Copyright © 2009 Lennar Corporation. Lennar and the Lennar logo are registered service marks of Lennar Corporation and/or its subsidiaries. 11/09