President Gary Thomas testified at a hearing of the House Ways and Means Committee entitled “Tax Reform and Residential Real Estate.”
Senators introduced S. 766 to grandfather existing communities eligible for rural housing programs.
Immigration reform remains a top priority of the Administration and many in Congress. On April 16, 2013, a bipartisan group of 8 Senators introduced a comprehensive immigration reform bill, S. 744, The Border Security, Economic Opportunity, and Immigration Modernization Act.
The Department of Housing and Urban Development (HUD) plans to close sixteen field offices.
Thirty Republican senators are pressing the Obama administration to scrap its controversial guidance for clarifying convoluted oversight of wetlands and other water resources as U.S. EPA prepares to take up a rulemaking on the issue.
As Congress pursues comprehensive tax reform it should focus on doing no harm to housing and America’s 75 million homeowners by maintaining current tax laws for homeownership and real estate investment, the National Association of Realtors® said in testimony today.
NAR President Gary Thomas talks about strengthening FHA while maintaining its mission of helping households become home owners during good times and bad.
NAR is working to protect the many long-standing tax incentives to home and property ownership.
NAR President Gary Thomas testified this week about the importance of the FHA mortgage insurance program.
FHA may need $943 million from the Treasury to hold 30 years' worth of reserves.