(Updated January 2013)
The financial and tax benefits of owning a home vs. renting are very clear. Home ownership also provides many benefits to the family, children and the community, such as increased education for children, lower teen-age pregnancy rate and a higher lifetime annual income for children, as discussed in the following articles and studies. (D. Winchester, Information Specialist)
The struggling housing market needs to be a priority on the nation’s public policy agenda, because housing and homeownership issues affect all Americans. That was the message from speakers at the Legislative and Political Forum yesterday at the 2011 Realtors® Conference & Expo here.
The U.S. will not become a nation of renters; there are just too many benefits, both financial and otherwise, to own versus rent. That’s according to the combined findings of several recent studies presented during the “Buyer or Renter Nation?” session today at the 2011 Realtors® Conference & Expo.
(Updated November 2013)
The Low-Income Housing Tax Credit (LIHTC) program is run by the IRS and allows companies to invest in low-income housing, while receiving 10 years of tax credits. This important program works with state housing finance agencies to administer the program on a state level. Housing credit units are privately owned by developers and are run at a profit. Investigate this complex program by reading the articles below. (A. Siudzinski, Senior Library Information Specialist)
Realtors® stand ready to protect and defend opportunities for homeownership, and many of them have gathered here at the 2011 REALTORS® Conference & Expo to prepare for the challenges ahead.
After travelling through 33 states and visiting more than 50 cities across the country, the National Association of Realtors® Home Ownership Matters Bus arrives in Anaheim, Calif., today for the Realtors® Conference & Expo here this week. The bus will be parked on the floor of the Anaheim Convention Center throughout the conference.
(Updated January 2013)
Do you need flood insurance? Hurricanes and heavy rains can cause floods in flood prone areas, and regular insurance does not cover flood damage. Are you in a flood plain? (K. Janisch, Information Specialist)
Do You Need Flood Insurance?
The Cost of Flooding, (FloodSmart.gov, n.d.).
Realtors® work tirelessly to make sure the American Dream of owning a home is available to everyone who is willing and able to assume the responsibilities of homeownership. That commitment was evident today as hundreds of Realtors® volunteered their time and labor to frame homes that will later be used by Habitat for Humanity of Orange County for local individuals and families.
The following articles and studies examine the effects of low-income, public, and subsidized housing on the values of surrounding properties, the challenge of NIMBY, and some possible resources people can use to educate community groups and local governments.