June 30th, 2010 4:56 PM by Lehel S.
The U.S. House of Representatives has passed the Homebuyer Assistance and Improvement Act of 2010 (HR 5623) today by a bipartisan vote of 409 – 5. The bill will extend the closing deadline for the homebuyer tax credit eligibility from June 30, 2010 to September 30, 2010. The bill now goes to the Senate. It is still unclear whether or not the Senate will take action on this bill.