That mammoth amount of cash that the state provided to steer buyers to the dormant new construction market has dwindled to only $12 million. May proved to be a boon for buyers taking advantage of the tax credit as buyers claimed approximately $30 million. The California Franchise Tax Board speculates that the $100 million fund will be “wiped out by August 2009 and the incentive will not be extended.”

Buildings such as San Francisco’s Arterra (which is on target to receive a LEED Silver up from LEED-NC which we previously had been informed) does offer some unique Green attributes.

Don’t get too bent out of shape if the tax credit disappears as a good agent should be able to negotiate more than a $10K credit (and maybe more sustainable offerings) if you play your cards right.