Ameri-Star Homes is Ready to Help With Your BRAC-Related Move
We support and welcome our troops and and other defense contractors and their families who are relocating to Anne Arundel County.
BRAC (Base Realignment and Closure) is a Department of Defense process for reorganizing our nation’s military bases to more effectively support our forces in the future. Started in 2005, the BRAC process must be complete by 2011. As military personnel, their families, and civilian contractors relocate to the area, Anne Arundel County is expected to experience enormous growth—potentially up to 14,000 new jobs over the next six years.
The majority of this growth will be focused around Fort Meade. The Defense Information Systems Agency (DISA) will bring over 4,000 jobs to the area. Other defense organizations bringing jobs to the area are Defense/Military Adjudication Activities and Defense Media Activity (DMA).
All of this growth means the demand for housing convenient to Fort Meade will become intense. Ameri-Star Homes is ready to help you find the ideal home in the best location for you and your family. We recognize that a relocation can be disruptive to your life, so we have a wide variety of beautiful, quality-built homes in locations throughout Anne Arundel County.
Contact us today and we’ll be happy to help you find a new home—and we wish you the very best in your relocation. We’re confident you’ll love living near Fort Meade—and in an Ameri-Star home!
Special Rules for Members of the Military, the Foreign Service and the Intelligence Community
Congress has acknowledged the unique circumstances affecting members of the military, the foreign service and the intelligence community by making the following exceptions that apply to both the $8,000 tax credit for first-time home buyers and the $6,500 tax credit for repeat home buyers.
Exemption From Tax Credit Recapture Rules
- Typically, homes that are sold or that cease to be used as a principal residence within three years of the initial purchase are subject to recapture of the tax credit.
- However, qualified service members who sell or move from a tax credit home within three years of the initial purchase due to official extended duty are exempt from the recapture rule.
Extension of Tax Credit Deadlines
- The home buyer tax credit is available for qualified purchases with a binding sales contract in place on or before April 30, 2010 and closed by June 30, 2010.
- However, for qualified service members who are ordered on a period of official extended duty, these dates are extended for one year. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.
- A person who is forced to return to the U.S. for medical reasons before completing an assignment of at least 90 days of qualified official extended duty outside of the United States may qualify for the one-year extension.
Definitions
- “Qualified service member” means a member of the uniformed services of the U.S military, a member of the Foreign Service of the U.S., or an employee of the intelligence community.
- “Official extended duty” means any period of extended duty outside of the United States for at least 90 days during the period beginning after December 31, 2008 and ending before May 1, 2010.