CALL FOR ACTION! Tell Senate Get to Work for Future Homebuyers!

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Dear REALTORS®,

We need all the help we can get from REALTORS® in Ohio to convey to the U.S. Senate the importance of passing H.R. 3700, the “Housing Opportunity through Modernization Act of 2016,” legislation that would make it easier for first time homebuyers and others to purchase a condo. It is especially important that your Senator hears from you.

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CALL FOR ACTION!

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Dear REALTOR,

The United States Senate is missing an opportunity to improve housing markets across the country, and we need your help to tell them to get to work and make homeownership a priority!

Take action now to urge your Senators to pass H.R. 3700, the “Housing Opportunity Through Modernization Act of 2016,” a bill that makes needed reforms to the Federal Housing Administration (FHA) condominium loan program, federal-assisted housing programs and Rural Housing Service loan programs.

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Bottom Line:  This bill makes buying a condo A LOT easier by expanding opportunities for first-time homebuyers and streamlining rural housing programs for low-income rental residents. Condominiums are among the most affordable homeownership options for first-time homebuyers, as well as lower income borrowers, but barriers to safe, affordable mortgage credit for condos still exist. H.R. 3700 takes a number of steps to address those concerns. Continue reading…

 

NAR Call for Action – Stop the Housing Tax for Transportation

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Dear REALTOR,

Congress is considering a proposal that would create a tax on all potential homeowners and consumers looking to purchase or refinance a mortgage.

By increasing Fannie Mae and Freddie Mac’s credit risk guarantee fees (g-fees) to fund transportation programs, Congress would disturb the housing recovery. Now is not the time to raise the cost to purchase or refinance a home.

NAR strongly believes that taxing homeowners to pay for transportation programs places an unnecessary long-term burden on consumers and this (more…)