Public Affairs Update

Public Affairs Update…………………………………………………………..April 19, 2017

  • NAR Supports Sanford/Sherman G-fee Bill

  • The Uber effect

  • Commercial NFIP Priorities

  • Pizza & Public Affairs Wednesday May 3, 2017 Noon to 1:00pm at BARA

  • In Case You Missed It


    NAR Supports Sanford/Sherman G-fee Bill

    On April 4, 2017, NAR sent a letter to the full U.S. House urging support for H.R. 916, the "Risk Management and Homeowner Stability Act." The legislation would amend the Congressional Budget and Impoundment Control Act of 1974 to prohibit the use of Fannie Mae and Freddie Mac’s guarantee fees (g-fees) to pay for government spending. Moreover, the bipartisan bill recognizes that diverting revenue from these risk-based fees both places an additional burden on the backs of homeowners and is bad public policy.


    The purpose of the G-fee is to prospectively guard against credit losses at Fannie Mae and Freddie Mac. G-fees should only be used to protect taxpayers from mortgage. Each time G-fees are extended, increased and diverted for unrelated spending, homeowners are charged more for their mortgages and taxpayers are exposed to additional risk for the long-term. Read NAR's Comment Letter. [Source: NAR Update 04-10-2017]


    The Uber Effect

    Technology is changing everything. Economically speaking, technology has created the “sharing economy.” This new economic principle has evolved and grown exponentially over the past several years, primarily the result of reliable high-speed Internet and handheld mobile devices. Editor's note:  » READ MORE

    [Source: 04-11-2017]


    Commercial NFIP Priorities

    On Tuesday, April 4, NAR and a coalition of real estate industry groups sent a letter to the House Financial Services Committee outlining priorities for commercial real estate in the upcoming reauthorization of the National Flood Insurance Program (NFIP).  The NFIP is scheduled expire on September 30, 2017 unless Congress extends it. Specifically, the letter asks for:

    ·         Multi-year reauthorization of the NFIP;

    ·         Improved flood-mapping capabilities;

    ·         Expanded coverage options, including business interruption and multiple buildings; and

    ·         Language specifically authorizing the use of NFIP grant money for commercial real estate mitigation programs.

    ·         Reauthorizing the NFIP is a high priority for NAR, and provides an opportunity to improve the program so it can be most effective at preventing and resolving issues from flooding.  NAR will continue to advocate on this issue as the reauthorization process moves along in the 115th Congress. [Source: NAR Update 04-10-2017]


    Pizza & Public Affairs Wednesday May 3, 2017 Noon to 1:00pm at BARA

    Guest Speakers

    Betsey Martens, Executive Director, Boulder Housing Partners (BHP)

    Leslie Durgin, Strategic Policy Advisor to BHP and the Boulder Chamber


    What They Will Present

    The Boulder County Regional Housing Partnership is recommending a regional goal of 15,000-22,000 diverse housing units affordable to low and middle income households by 2035. This range represents 10% to 15% of the anticipated housing inventory at that time. Cities and towns have already secured nearly 6,000 units so 9,000-16,000 homes would need to be acquired and/or built. Units would include homeownership and rental.


    The Partnership is seeking feedback from the various municipalities and Boulder County to refine the goal such that it is bold but attainable, with new financial sources necessary to achieve it.


    Each town and municipality in Boulder County will be asked to set its own housing goals and adopt the strategies and tools to achieve them.


    The plan is very much a DRAFT and we welcome questions, comments and feedback.


    Providing housing for families and workforce in our market area communities is a Realtor® priority and we are a big part of the solution.

    RSVP Today!


    In Case You Missed It

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