Keep Stimulus Focused on Main Street, Not Wall Street

November 2008
(444 words)

The U.S. Congress and the White House must work together to enact a new housing stimulus package to boost the economy, according to [Full name and title of spokesperson] of [full name of Realtor^® association].

The National Association of Realtors^® has submitted a four-point plan to lawmakers in Washington, D.C., that includes consumer-driven provisions that go beyond the economic stimulus law enacted earlier in the year. 

“Our association fully supports this plan because it will help home buyers and sellers here in [name of your community] and contribute to a nationwide economic recovery,” [your last name] said.

The plan proposed by the Realtors^® would eliminate repayment of the temporary first-time home buyer tax credit that lawmakers established this year and expand the credit to all home buyers, make the increased FHA and conventional mortgage loan limits that will expire at the end of 2008 permanent, focus the economic stabilization efforts on supporting the housing and mortgage markets instead of providing capital to banks with no strings attached, and permanently prohibit large banks from entering real estate brokerage and management...

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