Also referred to as the Homeowners $6500 Tax Credit follows all the same income and qualifying date requirements as the FTHB1 tax credit. This credit is intended to be used for new buyers in the market that have owned and resided in the same home for at least five consecutive years of the eight years prior to the purchase date. If it is a married couple, both spouses must qualify as long-time residents, with at least five years of principal residency for
