Hills’ Blog

Kentucky State Tax Credit Extended

Kentucky New Home Tax Credit has been extended Thru December 31,2010!

With the passage of the state budget the Kentucky New Home Tax Credit of up to $5,000 has been extended until December 31, 2010. This tax credit was due to expire on July 25, 2010.

After being over-shadowed by the Federal Tax Credit programs, the State program may now help to spur the purchase of newly built, not previously occupied homes. Unlike the Federal tax credits, the State credit is non-refundable and the amount of the credit that you are able to use is based on the amount of tax liability owed after all allowable deductions for state income taxes. Not everyone who qualifies for the credit will be able to take advantage of the full $5,000 credit amount. Unused portions of the credit cannot be carried forward for future tax liabilities.

According to the Department of Revenue, so far $5,197,500 has been used. In order to receive an extension of this credit, it was necessary to reallocate $10,000,000 back to the state, therefore the original $25,000,000 budgeted for this program is now capped at $15,000,000. There are $9,802,500 remaining to be used in this credit program, which represents enough funds for 1,960 newly built homes.

For details about the tax credit, qualification requirements, and to see the amount of money left in the program, visit www.HBAL.com and click on Trends and Ideas to find a link to the Department of Revenue tax credit page.

(Tax credit information supplied by the HBAL, Hills takes no responsibility for the accuracy of these statements.  Visit the KY Department of Revenue for complete program details.)

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New at Oak Manor

The Villages of Oak Manor, in Westfield IN, just finished some beautiful upgrades!  We're excited to add some additional outdoor details to this large master-planned neighborhood.

A brand new pergola and beautiful new landscaping have been installed at the center of Oak Manor, providing some relaxing shade for owners to enjoy on the grounds.  Plus, a new fountain has been installed at the main lake!

Oak Manor is our first master-planned community, featuring three different home-types in a large neighborhood complete with fully equipped clubhouse, fitness center, swimming pool with sun deck, and walking paths.  Located just off the proposed Midland-Trace walking trail the homes at Oak Manor offer a wide range of home sizes, styles, prices, and options, from stylish terrace condos to private-lot ranch homes with full finished basements.

Visit our Villages of Oak Manor website for more community details and learn about the three distinct villages there:

Lancashire terrace condos from the $80's

Cotswold paired patio homes from the $130's

Nottingham ranch homes from the $160's

View community photos

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Limited inventory at Preston

Preston at Plantation Pointe, our condominium community located closest to our home office here in Cincinnati, is down to its last few inventory homes!

Preston is located just south of the river in Florence Kentucky, surrounded by convenience and just a hop and skip away from downtown Cincinnati and Newport.  Only five completed homes remain there– four of them in the newest two-story building and three of them are top floor Sheridans!  The Sheridan is one of our largest and most popular condo plans because it includes two bedrooms, two bathrooms, and a large den.

View two of these available homes in detail on our market home page.  Prices include a garage.

Learn more about Preston on our website.

                 

Click here to download:

limited-inventory-at-preston-xmmJEstdaCxgFbhqevJA.zip (9194 KB)

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Grand opening at the Preserve

The Preserve at Prosperity Church is our newest community in picturesque Charlotte– and we're excited to hear that their new community cabana and custom swimming pool are celebrating their grand opening this week!

The cabana includes a fitness center, open for residents to use at their leisure and stocked with state-of-the-art equipment, and convenient restroom facilities that are open to the pool deck.  Outside the newly completed pool deck and swanky kidney-bean shaped swimming pool are ready for action with custom deck furniture.

The Preserve offers brick townhomes with attached rear-entry garages located in Charlotte, NC near the exclusive Eastfield Village outdoor plaza.  The floor plans are very unique, offering the choice of number of bedrooms and total square footage.  A new building is currently under construction.

Enjoy this exclusive sneak peak of their new facilities!

           

Click here to download:

grand-opening-at-the-preserve-IDiypujBtmfqhduDdfyD.zip (25257 KB)

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Up and running- off we go!

Welcome to the new Hills blog, previously our News Center

We're branching out into the wild world of social media.  One of our goals is to spread the word about Hills Communities– we're proud to be offering the highest quality product and getting people into new homes that they love!

Building on our company's 50+ year history Hills is dedicated to helping homeowners love the homes they build their lives in. We look forward to sharing all the latest developments, company news, special promotions, and industry chit-chat with you.

Our other goal is to foster our connections- we want to get to know you!  Are you one of our homeowners?  A Realtor?  A friend?  Looking to buy?  You've come to the right place to share information.

We're Hills– it's nice to meet you.

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