California State has offered this tax credit "for qualified buyers who on or after March 1, 2009, and before March 1, 2010, purchase a qualified principal residence that has never been occupied. The buyer must reside in the new home for a minimum of two years immediately following the purchase date."

California State "has allocated $100,000,000 for this tax credit. All Buyers must apply for credit allocation from California State. The State will review applications and allocate credit on a first-come, first-served basis. Once $100,000,000 has been allocated, the tax credit will no longer be available."

California State has published on its website the applications for New Home Credit received through 06/03/09 as shown below:

As of... Total Applications received: Total Credit claimed:
3/18/09......1,188................................ $11,599,825
3/25/09......1,710................................ $16,647,498
4/1/09....... 2,624 ................................$25,578,709
4/8/09....... 3,135................................ $30,559,124
4/15/09......3,589................................ $34,939,035
4/22/09......4,199 ................................$40,879,872
4/29/09......4,880 ................................$47,353,795
5/6/09....... 5,668.................................$54,928,875
5/13/09..... 6,162 ................................$59,579,591
5/20/09......6,816................................ $65,749,498
5/27/09......7,517................................ $72,511,587
6/3/09........8,522................................$82 ,548,424

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