All over the news and on blogs everywhere, home buyers are hearing about the approaching April 30^th deadline on the Home Buyer Tax Credit. If you want to take advantage of the program, time really is running out. You must have a contract in place on a property no later than April 30^th and have completed the purchase by June 30^th, 2010. But for those living in Louisville, there is another tax credit that goes through July of 26^th, 2010.

The state of Kentucky is offering up to $5000 in a new home tax credit for buyers who purchase a new construction. For the purpose of the tax credit. a new home is one that has previously been unoccupied. The qualifications are much less stringent than the federal plan as well. The home must be a qualified principal residence, you must live in the home for a minimum of two years , and you must purchase it before the July deadline.

The program has been in place since July of 2009 and 25 million dollars were allocated to the program. To date, less than five million has been used. Applications are available online and must be submitted within seven calendar days of the escrow closing between buyer and seller. To make it even easier on home buyers, they can fax the form directly to the Kentucky Department of Revenue, which does not accept mailed applications due to the time frame.

There are some restrictions. It cannot be a home that you are having built for you, or one you are building yourself. You are ineligible for the Kentucky state program if you qualify for the federal program. And again, this applies only to newly built homes that have not been occupied.

For those who aren’t able to take advantage of the national home buyer tax credit, it can make buying a new construction in Louisville a little easier! If you have been waiting to buy a home that is newly constructed now is the time! Call Mollie Younger or Jessica Gaines if you have questions about the Kentucky program. We Know Louisville!

If you haven’t had a chance to catch any of the action from the 34^th Annual Humana Festival of New American Plays, you need to make plans to check out what is new in American Theater. People from around the world have converged on Louisville to see the wide range of works from various playwrights.

This weekend March 5-7 is Locals Weekend at the festival. It’s Louisville’s chance to see the new plays before the rest of the world! You can buy a local’s pass online! It allows you to see as many plays as you want over the weekend for only $40! You can chose from such plays as Sirens and Fissures.

The play that you may not want to miss is centered right here in Louisville! Running March 11^th-28^th, HEIST! showcases the 21c Hotel and Museum! As a priceless masterpiece is about to be revealed at America’s one of a kind contemporary art gallery, things get turned upside down! You will meet penguin obsessed mobsters, art thieves, and eccentric locals as you watch the romp unfold! You can call the box office at 502-584-1205 for more ticket information!

You can find out more about the other plays that are part of the Humana Festival by contacting the Actors Theater of Louisville. It is Louisville’s Tony Award winning theater! This weekend is also the Opening Reception for the Lloyd Kelly exhibit at the Gallery at Actors. This nationally acclaimed artist is well known for his equestrian masterpieces!

So whether you are in the mood for comedy or fine art, you can find both at the Actors Theater of Louisville this weekend. If you haven’t had a chance to visit our town, consider this your invitation! Be warned; you may fall in love with everything this town has to offer! Call Mollie Younger or Jessica Gaines when you are ready to call Kentucky home! We Know Louisville!