; and (2) in section 487(a), by adding at the end the following: (30) In the case of an institution that offers a program of not less than 250 clock hours of instruction, offered during a minimum of 5 weeks of instruction that leads an industry-recognized credential, as provided under section 481(b)(5), the institution will demonstrate to the Secretary that the industry-recognized credential is of high quality. . II Community Investment A Housing 201. Housing and commercial development (a) First-Time homebuyer tax credit for economically distressed communities (1) In general Section 36 of the Internal Revenue Code of 1986 is amended to read as follows: 36. First-time homebuyer credit for economically distressed communities (a) In general In the case of an individual who is a first-time homebuyer of a principal residence in an economically distressed community during a taxable year, there shall be allowed as a credit against the tax imposed by this subtitle for such taxable year an amount equal to 10 percent of the purchase price of the residence. (b) Limitations (1) Dollar limitation (A) In general Except as otherwise provided in this paragraph, the credit allowed under subsection (a) shall not exceed $8,000. (B) Married individuals filing separately In the case of a married individual filing a separate return, subparagraph (A) shall be applied by substituting $4,000 for $8,000 . (C) Other individuals If two or more individuals who are not married purchase a principal residence, the amount of the credit allowed under subsection (a) shall be allocated among such individuals in such manner as the Secretary may prescribe, except that the total amount of the credits allowed to all such individuals shall not exceed $8,000. (D) Special rule for long-time residents of same principal residence In the case of a taxpayer to whom a credit under subsection (a) is allowed by reason of subsection (c)(7), subparagraphs (A), (B), and (C) shall be applied by substituting $6,500 for $8,000 and $3,250 for $4,000 . (2) Limitation