Following Wednesday’s Senate’s approval, the House voted just minutes ago to extend the $8,000 homebuyer tax credit from its original Nov. 30 expiration to contracts signed by April 30 and closed by June 30.

The bill also creates a $6,500 credit for those who buy a home after living in their current house at least five years that would apply to contracts signed by April 30 and closed by June 30. The credit would also…

1. Be available only for the purchase of principal residences priced at $800,000 or less
2. Raise the adjusted gross income cap from $75,000 for single filers and $225,000 for joint filers to $125,000 and $225,000 respectively.

The bill now moves to the White House for the president’s signature. The president is expected to sign the bill as just last week the administration said it supports extending benefits.