Hill Visits Reap Good Outcomes for REALTORS®
This month, we REALTORS® will be in Washington, D.C., to represent our counties and states by speaking to our elected representatives. Historically, the impact of our Hill visits has been to change votes to favor the "REALTOR® Party." As REALTORS® meet with members of Congress, they can advocate for important policy issues, including protecting personal property rights for our clients. Here are just a few of the important legislative issues we must address with our elected leaders.
Expand Affordable Property Insurance: Urge Congress to adopt a more forward-looking national policy that improves availability of affordable property insurance, including long-term reauthorization of the National Flood Insurance Program.
Commercial Mortgage Market Liquidity: Congress should pass H.R. 3380/S. 2919 to increase the cap on credit union commercial lending, urge the Federal Reserve and Treasury to encourage banks to provide term extensions for performing properties and hold additional hearings on the state of commercial real estate markets.
FHA Reform and FHA Loan Limits: Now more than ever, the FHA has proven the key role that it plays in the nation's housing markets. Congress should pass legislation to strengthen FHA while still allowing it to provide access to safe, affordable financing for responsible borrowers, who are underserved by the private market. Congress should also make permanent the existing higher FHA loan limit formula and loan limit cap.
GSE Reform and GSE Loan Limits: Fannie Mae and Freddie Mac have helped to ensure a continual flow of capital to the mortgage market in all markets and in all economic conditions. Moving forward, the federal government must have a continued key role in the secondary mortgage market to ensure that there is capital for mortgage lending throughout all mortgage markets and in all market conditions. Congress should also make permanent the existing higher loan limit formula and loan limit cap.
One of the most important things you can do as a REALTOR® is donate to RPAC. These funds are used each year to promote positive bills being passed and negative bills being defeated to maintain our ability to conduct business and protect property rights for our clients. For the latest on political issues facing the "REALTOR® Party," including talking points and NAR's "Washington Report," visit realtor.org.
Also, please check out the Outreach & Influence Strategic Forum at Women's Council's Midyear Meeting on Friday, May 14, where you will have a first-hand opportunity to learn from Women’s Council members about the importance and benefits of supporting RPAC.
Bobbie Nelson, CRS, GREEN, GRI, PMN, SRES
2010 Recording Secretary
Longacre Real Estate
Santa Cruz, CA
bjnelson@earthlink.net