Public Affairs Update

Public Affairs Update…………………………………………….…………October 5, 2016

 

  • NAR Urges Congress to Act on Energy

  • 2017 Flood Insurance Rates

  • What Trends Continue to Support The Housing Market?

  • Record Highs in Price Appreciation Unlikely to be Sustainable

  • BEC Releases September Economic Indicators

  • Pizza & Public Affairs Wednesday November 2, 2016 Noon to 1:00pm at BARA

  • In Case You Missed It

     

NAR Urges Congress to Act on Energy
NAR has sent a letter to members of Congress urging them to move forward with legislation that would address several national energy challenges, including energy-efficient building codes. [Source: NARenews 09-29-2016]

 

2017 Flood Insurance Rates

On April 1, 2017, National Flood Insurance Program rates are set to rise an average of 6 percent. This is less than the 2016 average and consistent with the annual 5-10% increases prior to 2012 Biggert-Waters reforms.

 

Under 2014 Affordability amendments, individual property owners may see a rate increase up to 18% for newer properties and 25% for older ones. Rates for newly mapped properties begin at the lowest or preferred risk rate and gradually increase to full risk using a multiplier table which is also updated as part of the April 1 changes. Read FEMA's summary [Source: NAR Update 09-30-2016]

 

What Trends Continue to Support the Housing Market?

The recent Ten-X Nowcast reports current trends seen in the housing industry that contribute to growth in homeownership. What is in store for the next month?  Click HERE for the story. [Source: DSNews.com 09-30=2016]

 

Record Highs in Price Appreciation Unlikely to be Sustainable

The current pace of home price appreciation is probably not sustainable. But there is no need to worry quite yet; the housing market is not in immediate danger of collapse similar to 2008. READ MORE [Source: DSNews.com 09-29-2016]

 

BEC Releases September Economic Indicators

September Economic Indicators have been released by our Boulder Economic Council, the economic development arm of the Boulder Chamber. This report provides a quarterly summary of several key economic indicators for the Boulder area including employment, real estate, retail sales, venture capital investment, and more. Check out the latest stats in our updated format. [Source: Boulder Economic Council 09-28-2016]

 

Pizza & Public Affairs Wednesday November 2, 2016 Noon to 1:00pm at BARA

Guest Speaker: Chris Meschunk, Senior Planner, City of Boulder

Manager, Development-Related Impact Fees & Excise Taxes Project

 

What he will present: On November 15, 2016 the Boulder City Council will hold a public hearing to consider potentially significant new development-related impact fees and excise taxes on new residential and non-residential construction throughout the city. Chris will review the consultant’s findings and recommendations regarding the proposed fees and taxes as well as city project staff recommendations to City Council.

 

Fees and taxes under consideration for Council adoption include:

  • Impact fees for new public facilities costs

  • Transportation excise tax (multi-modal transportation capital and operating costs)

  • Housing excise tax (linkage fee on commercial development)

  • Park and land acquisition and development excise tax

  • Education excise tax (public education facilities and services)

     

    Don’t miss this information packed event to learn how these new taxes and fees could impact growth and development in Boulder for years to come.

    RSVP Today!

     

    In Case You Missed It