Thu08282014

News

A flood of candidates seek seats on high school board

Two incumbents and five newcomers are vying for seats on the Mountain View Los Altos Union High School District Board of Trustees – a significant increase in the number of candidates who have run over the past 10 years.

According to data from the Sa...

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Schools

One more candidate joins MVLA race

When longtime incumbent Judy Hannemann declined to run again, the deadline to file for the upcoming Mountain View Los Altos Union High School District Board of Trustees election was extended by a few days. Mountain View resident Sanjay Dave registere...

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Community

CSA salutes 'Hometown Heroes' at breakfast

CSA salutes 'Hometown Heroes' at breakfast


Mendoza

The Community Services Agency’s 2014 “Hometown Heroes” fundraising breakfast is scheduled 7:15 a.m. Sept. 19 at the Computer History Museum, 1401 N. Shoreline Blvd., Mountain View.

“Hometown Heroes” honors individuals and businesses for...

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Sports

No suit, no sweat

No suit, no sweat


Courtesy of the Gallagher Family
Joe Gallagher – a 12-year-old from Los Altos Hills – swims from near Alcatraz Island to the San Francisco shore. His uncle, Joe Locke, an accomplished open-water swimmer, accompanied him.

For his recent s...

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Comment

Back to school, back to thumbs: Editorial

The kids are back in class at our local schools and a new political campaign season is underway, so we have our thumbs out and ready to go.

Thumbs-up: To last week’s community workshop for rebuilding the Los Altos Community Center. The Aug. 19...

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Business

Sweet Shop celebrates five-year anniversary

Sweet Shop celebrates five-year anniversary


Ellie Van Houtte/Town Crier
The Sweet Shop at 994 Los Altos Ave. marks its fifth year in business Sept. 7. The shop is a popular after-school stop for families and students.

When Stacy Savides Sullivan opened the Sweet Shop at 994 Los Altos...

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Books

"Jack London" chronicles author's adventurous life


Much has been written about American author Jack London, primarily known for his early-20th-century Western adventure novels, including the classics “White Fang” and “The Call of the Wild.”

In Earle Labor’s biography of the literary icon, “Jac...

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People

JEFF JOHNSON

JEFF JOHNSON

Jan 10, 1967 - Aug 10, 2014

Jeff was born and raised in Los Altos. He was a graduate of Los Altos High School. He then went to Foothill College where he had an opportunity to spend 3-months in Europe through a study abroad program. That experience...

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Travel

Visiting Vancouver Western Canada's premier destination has much to offer

Visiting Vancouver Western Canada's premier destination has much to offer


Photos courtesy of TOURISM VANCOUVER
Outdoor adventures abound in and around Vancouver, including a boat excursion into Horseshoe Bay and a jaunt on the Cliffwalk at Capilano Suspension Bridge Park, among the most popular attractions in British Col...

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Stepping Out

'Water' rises in Mtn. View

'Water' rises in Mtn. View


Kevin Berne/Special to the Town Crier
Elliot (Miles Gaston Villanueva) struggles to understand Odessa’s (Zilah Mendoza) online activity in TheatreWorks’ regional premiere of the award-winning drama “Water by the Spoonful.”

TheatreWorks’ regiona...

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Spiritual Life

Spiritual Briefs

Meditation group meets at Foothills Congregational

A Weekly Meditation Practice group meets 7-8:15 a.m. Tuesdays at Foothills Congregational Church, 461 Orange Ave., Los Altos.

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Magazine

Los Altos Hills home showcases resort-inspired living

Los Altos Hills home showcases resort-inspired living


Courtesy of Spectrum Interior Design
In place of a more traditional fireplace, this modern living room features a linear-flame firebox that emits heat while offering a sculpturelike design element.

After traveling the world and visiting a host o...

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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. .

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