Sat07042015

News

Effective today, library cards free again in Los Altos

Both Los Altos libraries should see a spike in use soon. After the elimination of an $80 annual card fee that had been in place since 2011, nonresidents will receive free library cards at local libraries, effective today.

Residents of Mountain View ...

Read more:

Loading...

Schools

Almond fifth-graders set sail at Shoreline

Almond fifth-graders set sail at Shoreline


Courtesy of Corinne Finegan Machatzke
Fifth- graders at Almond School launched the boats they designed and built at Shoreline Lake last month.

Almond School fifth-graders boarded their handmade boats at Shoreline Lake in Mountain View last month to...

Read more:

Loading...

Community

Taking it back to 'The Streets': Local filmmaker aims to revive 1970s series 'Streets of San Francisco'

Taking it back to 'The Streets': Local filmmaker aims to revive 1970s series 'Streets of San Francisco'


Courtesy of Charles Alley
Charles Alley’s filmmaking company may be based in Mountain View, but he knows all about “The Streets of San Francisco.” He’s rebooting the 1970s TV classic.

When people look for the next hit TV show, they often assume ...

Read more:

Loading...

Sports

Enjoying the moment


Courtesy of Dick D’OlivA
Former Golden State Warriors trainer Dick D’Oliva, from left, wife Vi, former Warriors assistant coach Joe Roberts and wife Celia ride on a cable car in the victory parade.

Dick D’Oliva almost couldn’...

Read more:

Loading...

Comment

The death knell of suburbia: A Piece of My Mind

The orchards are gone. The single-story ranch house is seen as a waste of valuable land and air space. An eight-lane freeway thunders past the bridle paths in Los Altos Hills. But nothing has signaled the death of suburbia more strongly than the ann...

Read more:

Loading...

Special Sections

While competent & safe, MKC still can't catch European competitors

While competent & safe, MKC still can't catch European competitors


courtesy of Ford
The 2015 Lincoln MKC doesn’t overwhelm as far as overall performance goes, but it does offer comfortable ride quality.

Of all the auto companies with headquarters in the United States, only Ford managed to weather the great re...

Read more:

Loading...

Business

Company installs EV charging stations at LAHS

Company installs EV charging stations at LAHS


Courtesy of Green Charge
Officials from Los Altos, Los Altos Hills and the Mountain View Los Altos Union High School District celebrate the installation of electric-vehicle charging stations at Los Altos High last week.

The Mountain View Los Alto...

Read more:

Loading...

Books

People

HILDA CLAIRE FENTON

Hilda Claire Fenton, beloved wife and mom to 9, grandmother to 30 and great grandmother to 22, passed away June 20 following a long illness. She was 90.

Hilda was born Sept. 28, 1924, to Lois and Gus Farley then of Logan, W. Va. While she was still ...

Read more:

Loading...

Travel

Venetian spa offers ways to de-stress

Venetian spa offers ways to de-stress


Courtesy of The VEnetian
The HydroSpa in the Canyon Ranch SpaClub at The Venetian in Las Vegas offers a muscle-relaxing bath and radiant lounge chairs.

Vegas cab drivers usually ask if you won or lost as soon as you get in their vehicles. They assum...

Read more:

Loading...

Stepping Out

Cast carries 'Arcadia'

Cast carries 'Arcadia'


Courtesy of Pear Avenue Theatre
“Arcadia” stars Monica Ammerman and Robert Sean Campbell.

The intimate setting of Mountain View’s Pear Avenue Theatre proves the perfect place to stage “Arcadia,” allowing audience members to feel as though they a...

Read more:

Loading...

Spiritual Life

Magazine

Living it up Older adults aim to age in place

Living it up Older adults aim to age in place


Megan V. Winslow/Town Crier
Local enthusiasts flock to the Los Altos Senior Center to play bocce ball. The center hosts informal games four days a week and occasional tournaments.

As baby boomers in Los Altos, Los Altos Hills and Mountain View nose...

Read more:

Loading...

Inside Mountain View

Carrying the torch

Carrying the torch


Members of the Mountain View Police Department carry the Special Olympics torch as they run along El Camino Real between Sunnyvale and Palo Alto June 18. Members of the department participate in the relay annually to show their support for Spec...

Read more:

Loading...

California implements new homebuyer tax credit with hope of helping ailing housing industry

Legislation signed by California Gov. Arnold Schwarzenegger last week provides $200 million in new homebuyer tax credits to help stimulate the state’s housing market. The new credit becomes effective May 1, a day after the federal homebuyer tax credit expires April 30.

“We have seen the positive impact the federal homebuyer tax credit and last year’s state tax credit have had on California’s housing market,” said Jeff Bell, president of the Silicon Valley Association of Realtors. “The new state tax credit will continue to bring stability to our marketplace.”

Nearly 40 percent of first-time homebuyers said they would not have purchased a home if the federal tax credit for first-time homebuyers were not offered, according to research conducted last year by the California Association of Realtors. California’s previous homebuyer tax credit program was so successful, it ran out of credits by the end of June 2009, eight months before it was set to expire.

This year’s state homebuyer tax credit is distinctly different from last year’s credit and the current federal homebuyer tax credit. The bill allocates $100 million for qualified first-time homebuyers of existing homes and $100 million for qualified homebuyers toward the purchase of new or previously unoccupied homes.

Key provisions of the new state homebuyer credit include:

•Â Credit cap is equal to the lesser of 5 percent of the purchase price or $10,000, and is disbursed in equal installments over three consecutive years.

•Â Purchasers are required to live in the home as their principal residence for at least two years, or forfeit the credit (i.e., repay it to the state).

•Â There are two different types of qualifying purchases: a single-family residence purchased by a first-time homebuyer (taxpayer who has had no ownership interest in a principal residence in the last three years) and a new single-family residence (home that has not been previously occupied).

•Â Credit is for purchases of qualified homes between May 1 and Dec. 31, 2010.

•Â Taxpayers may reserve a credit prior to the close of escrow for the purchase of a new home if the taxpayer and seller jointly sign and submit to the Franchise Tax Board a certification stating that they entered into an enforceable purchase contract on or after May 1 and on or before Dec. 31.

•Â Credit is available on a first-come, first-served basis.

Bell said Californians have a brief window of opportunity to receive up to $18,000 in combined federal and state homebuyer tax credits, but buyers need to study the rules of both tax credits carefully.

To take advantage of both tax credits, a first-time homebuyer must enter into a purchase contract for a principal residence before May 1, and close escrow between May 1 and June 30, inclusive. Buyers who are not first-time homebuyers may use the same time frames to receive up to $16,500 in combined tax credits if they are longtime residents of their existing homes as permitted under federal law, and they purchase properties that have never been previously occupied as provided under California law.

Under the federal law slated to expire, a first-time homebuyer may receive up to $8,000 in tax credits and a longtime resident may receive up to $6,500, for certain purchase contracts entered into by April 30 that close escrow by June 30. Additionally, under a newly enacted California law, a homebuyer may receive up to $10,000 in tax credits as a first-time homebuyer or buyer of a property that has never been occupied. Other terms and restrictions apply to both tax credits.

“Much has been said about receiving $18,000 in combined homebuyer credits for a limited time, but timing is essential,” Bell said. “I would proceed with caution and consult your realtor and an experienced tax adviser if you think you will be able to qualify for both credits.”

For more information, visit www.ftb.ca.gov.

The Silicon Valley Association of Realtors provided information for this article. Contact Rose Meily at This email address is being protected from spambots. You need JavaScript enabled to view it. .

Schools »

Schools
Read More

Sports »

sports
Read More

People »

people
Read More

Special Sections »

Special Sections
Read More

Photos of Los Altos

photoshelter
Browse and buy photos