1st Time Home Buyer Faces Loss Of $8K Federal Tax Credit As Town Drags Its Feet On Sewer Line Hook-Up

In Middle Township, New Jersey, The Press of Atlantic City reports:

• Anthony Soto expected that owning his first home would be an exciting milestone. Instead, the last few months have been full of unexpected delays and he faces the potential loss of an $8,000 tax credit because his new home has yet to be hooked up to a sewer line that the township promised to complete in time for the credit.

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• [I]n order to move in, Soto and his family must wait for their property to be hooked up to a not-yet-completed operating sewer line. Soto’s patience is wearing thin. The $8,000 first-time home buyer’s tax credit expires at the end of the month, and he doesn’t believe the township’s sewer project will be completed in time. “I’m going to end up losing (the tax credit) because this isn’t done yet,” Soto said. [...] The deadline to take advantage of the tax credit was moved to Sept. 30 but the project doesn’t look like it will be finished in time, according to [real estate agent Richard] Parker.

For more, see Family can't move into home, may lose tax credit due to Middle Township sewer delay.