Unlock America's Economy
Summary
President Obama signed the “American Recovery and Reinvestment Act of 2009,” (H.R. 1) into law on February 17, 2009. The bill is a $780 billion package, with roughly 35% of the package devoted to tax cuts (mostly for 2009) and the rest to spending intended to occur in 2009 and 2010.
What is at stake for REALTORS®>
Watch the NAR's President Podcast>
Commentaries by NAR's Economists>
View how the U.S. House of Representatives voted on H.R. 1>
View how the U.S. Senate voted on H.R. 1>
On February 18, 2009, President Obama announced his Making Home Affordable Program, designed to help up to 7-9 million families avoid foreclosure by restructuring or refinancing their mortgages.
Making Home Affordable Program>
President Bush had previously signed the Emergency Economic Stabilization Act of 2008 (H.R. 1424) into law on October 3, 2008.
What is at Stake for REALTORS®>
View how the U.S. House of Representatives voted on H.R. 1424>
Latest News and Information
6/19/2009 - NAR Convenes Commercial Real Estate Meeting to Develop Recovery Priorities
Eighteen groups from commercial sector gather to set priorities that will strengthen industry, provide liquidity and facilitate lending.
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6/18/2009 - FHA’s Expanded Market Share Must Be Supported
In testimony today, NAR urges Congress to ensure FHA’s continued role in stabilizing housing to stimulate the economy.
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Read the testimony>
6/17/2009 - Realtors® Recognize Need for Regulatory Reform
NAR commends President Obama for developing a comprehensive financial regulatory reform framework.
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