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I doubt this would happen and haven’t heard this come up in any legislation in the last few months.
With the way the housing market is, I would highly doubt it will go through in the near future. If you’re waiting to buy to potentially get this credit, you’re probably ineligible. I know you have to be a first generation homebuyer and I’m sure there will be a pretty low income cap.
I just bought recently but heard it would be effective for houses bought in 2021 if it goes through. I thought the first generation requirement was for a different credit that’s a little more, I could be mistaken though.
Chief
I don’t see it happening, another Biden promise that won’t see the light