California allocated $100,000,000 for a tax credit to help stimulate home purchases for first time home buyers.  The California tax board was allocating credit on a first-come, first-served basis and once the $100,000,000 was allocated, the tax credit would no longer be available.  Certificates of credit started to be allocated on May 1, 2009 but as of June 29, 2009, California has reached $100 million in new home credit applications and will no longer be accepting applications. Congratulations to those California home buyers that got to take advantage of that credit!

Tax Credit for New Home Purchase [CA Franchise Tax Board]