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 Members of the Roanoke Valley Home Builders Association have been working on a very special project for 5-year old Dylan Moore. Moore suffers from Fanconi anemia, a rare disease that has severely weakened his immune system. He is currently in Minnesota receiving treatments, and will need his own separate bedroom and modifications made throughout the house when he returns.
That's where the RVHBA comes in. A group started working on converting the carport attached to the home into a bedroom suite, complete with its own bathroom and closets. Many local companies donated supplies and labor to the effort.
"When we heard about the family in need, we all just came together and got it done," said Joey Elias, President of the RVHBA. "The one's who called us are the one's that deserve the credit, but that's just the kind of people they are."
To read more about this project, visit the Roanoke Rapids Daily Herald.
Bottom photo: (Left) Gene St. Clair, owner, Roanoke Porta-Johns and (Right) Buddy Strickland, owner, Strickland & Associates work on the garage ceiling.
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The North Carolina Home Builders Association invites you to join us at the annual Builders Classic Golf Tournament April 17 at Whispering Pines Country Club. All proceeds go to the North Carolina Home Builders Educational & Charitable Foundation Inc., a program that awards scholarships to college students majoring in a construction-related field at a two-year or four-year college.
The tournament promises to be an exciting event, with players having the opportunity to network with other industry professionals as they contribute to a worthy cause. The 18-hole course offers large greens and rolling fairways lined with pines and strategically-placed bunkers. Check-in is at 8 a.m., with a 8:30 a.m. shotgun start. The tournament is Captain's Choice format. The cost is $85 per person or $340 per team, and includes green fees, cart fee, beverages, Thursday evening dinner and lunch Friday. To register or for more information view, the Builders Classic Golf Tournament Flyer.
To add to the competitive spirit of this year’s NCHBECF Golf Tournament, Bonded Builders Home Warranty is offering an incentive to those who recruit new members through the Spirit of Membership program. If any member at the tournament brings a new member paid application to the tournament, the recruiting member will receive a $35 gas card. If the applicant plays in the tournament, both get a $35 gas card. The new member may be a builder, associate or affiliate member. Click here for more information on the Spirit of Membership program offered by Bonded Builders.
For more information on the scholarship eligibility and to receive a packet of information, visit the NCHBA Web site at www.nchba.com.
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 Gov. Bev Perdue recently signed the authorization that will provide new financial assistance to first-time home buyers and stimulate sales of about 1,500 North Carolina homes. The authorization enables the North Carolina Housing Finance Agency to expand its Mortgage Certificate Credit (MCC) program, which allows eligible home buyers to reduce their federal tax liability by 20 percent of the mortgage interest they pay annually. The program is one of a handful in the nation and could save
North Carolina
home buyers more than $30 million.
“The MCC will help stimulate the housing market, which is integral to the recovery of our state’s economy,” Gov. Perdue said. “This is just the type of innovation from a state government agency that will help spur our economic recovery.”
The MCC program enables first-time buyers to take a tax credit up to $2,000 every year they occupy their home. This is in addition to the itemized mortgage interest deduction that all homeowners can claim.
“Governor Perdue has asked that all public agencies look for ways to help our state’s economy,” said Lucius Jones, board chairman of the N.C. Housing Finance Agency, a self-supporting public agency. “The MCC not only helps home buyers get into their first home but keeps the home affordable through the life of the mortgage by increasing their monthly take-home pay.”
For example, a home buyer who borrows $146,750 at 5.5 percent interest pays $8,022 in interest in the first 12 months. The 20 percent MCC means that home buyer reduces his tax liability by $1,751 for that year and allows the buyer to reduce his monthly tax withholding accordingly. Over the first 10 years of ownership, the home buyer would save $14,873 in taxes paid to the IRS.
For buyers who qualify, the MCC can be even more beneficial than the home buyer tax credit in the Housing and Economic Recovery Act (HERA) of 2008. While Congress made the HERA tax credit a true tax credit, it still expires this year, while the benefit of the MCC continues throughout the life of the loan. Even if the home buyer refinances, the 20% MCC tax credit may be reissued with the new mortgage.
To qualify for an MCC, a buyer’s income cannot exceed certain maximums, which range from $85,000 for a family of three or more in urban areas such as
Raleigh
down to $62,000 in more rural areas. The MCC can be used in conjunction with most mortgages, and borrowers can apply through the Agency’s more than 700 participating lenders and their branches. To find a lender, go to www.nchfa.com.
Photo: Cady Thomas, N.C. Assoc. of Realtors; Joe Parker, NCHFA Board; Teresa Ritter, BB&T; Paul Stock, N.C. Bankers Association; Lucius Jones, NCHFA Board Chairman; Lisa Martin, NCHBA; Bob Kucab, NCHFA Executive Director
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The Greensboro Builders Association held its annual awards presentation recently. John Hodgin, president and owner of John Hodgin Construction Co. was awarded the Eugene Gulledge Award for Distinguished Service. The 2008 Builder Member of the Year award went to Scott Allred of Precept Construction. Phil Warrick, of Piedmont Wholesale Engineered Products, received the 2008 Associate Member of the Year award. John Hamrick, of Greenpoint Insurance Group, was presented the 2008 Membership Recruiter of the Year.
The Lake Norman HBA recognized outstanding leaders in 2008 at a ceremony Feb. 12. 2008 Builder Member of the Year was awarded to Brian Robinett of LKN Properties, LLC. Mary Ellen MacDonald, a mortgage loan officer with Fifth Third Bank, was named 2008 Associate Member of the Year. The 2008 Rookie of the Year award went to Thom Knowles of Charlotte Cabinets. The Lake Norman HBA Women’s Council also recognized Julie Dibella, owner of Julie’s Classic Designs, as Woman of the Year.
The Sales and Marketing Council (SMC) of the Charlotte Home Builders Association recognized two industry professionals who met the challenge of the economy head on with two new awards in February. Linda McLendon, Ryland Homes, was named SMC’s 2008 Model Home Sales Representative and Mary Ellen Frizzell, New Homes Journal, was named 2008 SMC Volunteer of the Year.
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Your NHCBA senior officers - Frank Wiesner, Lyle Gardner, Bill Daleure, Rick Shields and Ray Rhodes - often visit local HBAs to talk about NCHBA, recognize special events or present awards. In this column, we will tell you where some of them are going and where they've been.
Frank Wiesner
Feb. 26 - Carteret Co. HBA
March 16 - Vance-Granville HBA
April 13 - Moore Co. HBA
May 5 - Onslow Co. HBA
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The Lake Norman HBA University now offers the NCBI Accreditation Program as part of their program of classes! No longer will you have to drive to Raleigh for your NCBI designation courses. Classes are being held at Mitchell Community College in Mooresville, N.C., on a monthly basis. The cost for HBA members is $180 per 8 hours and $95 per 4 hours. Upon completion, builders receive this prestigious designation not only with NCBI, but also with the North Carolina Licensing Board for General Contractors. Click here for the brochure.
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Anytime you take a Builders University class at your local HBA, you can earn North Carolina Builder Institute (NCBI) credit, too. Credit applies toward AA and AB designations.
Builders Mutual Insurance Company's risk management experts bring the latest safety solutions and risk management programs to you through Builders University classes. You may even qualify for a Builders Mutual insurance discount by attending and becoming Fall Protection Certified. View the Builders University schedule, and reserve your spot. Seating is limited, so register today!
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Jan. 1–Oct. 31, 2009
NCHBA Membership Drive
March 3–5
N.C. Builder Institute
Raleigh, N.C.
March 21–25
NAHB Executive Board/Legislative Conference
Washington, D.C.
April 17
NCHBECF, Inc. “Builder Classic” Scholarship Golf Tournament
Whispering Pines, N.C.
May 19
NAHB National Membership Day
May 26–31
NAHB Spring Board
Washington, D.C.
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