Public Affairs Update

Public Affairs Update………………………………………………………..August 2, 2017

Ken Hotard

  • National Flood Insurance Program Update
  • NAR Urges FCC to Keep Net Neutrality
  • NAR Signs onto Credit Scoring Letter
  • Pizza & Public Affairs Wednesday September 6, 2017 Noon to 1:00pm at BARA
  • In Case You Missed It

 

National Flood Insurance Program Update

NAR has made enacting a five-year reauthorization of the NFIP a legislative priority for 2017.  On July 19, 2017 NAR was able to reach an agreement to move one-step closer to realizing this goal.

 

House Financial Services Chairman Jeb Hensarling has agreed to key changes to H.R. 2874, “The 21st Century Flood Reform Act”, that now allow NAR to support the bill. NAR had previously opposed this legislation. 

 

Press release: https://www.nar.realtor/news-releases/2017/07/realtors-house-financial-services-committee-reach-agreement-to-move-key-flood-insurance-legislation

 

These two significant changes removed the objections NAR had to the bill.

  • The bill now contains no changes to current grandfathering rules
  • Additional changes were made to address NAR’s affordability concerns

As a result:

  • NAR has pledged to support H.R. 2874, as amended, when it comes to the floor
  • H.R. 2874 would reauthorize the NFIP for five years
  • H.R. 2874 incorporates six other NFIP reform bills NAR previously supported in committee
  • NAR staff and the Leadership of the NAR Insurance Committee are confident that the final version of H.R. 2874 will address the goals of all six of  NAR’s Flood Insurance Principles[Source: NAR Update 07-25-2017]

NAR Urges FCC to Keep Net Neutrality
Broadband networks should be free of restrictions on content, sites, or platforms, said NAR in comments just filed with the Federal Communications Commission. That's informally called net neutrality. Source: NAR Update 07-27-2017]

 

NAR Signs onto Credit Scoring Coalition Letter

On July 19, 2017, NAR signed onto an industry coalition letter in support of the “Credit Score Competition Act,” introduced by Senators Scott (R-SC) and Warner (D-VA). The legislation would instruct Fannie Mae and Freddie Mac to utilize newer, more predictive and inclusive credit models, which will responsible expand access to mortgage financing for many Americans. Read the Coalition Letter [Source: NAR Update 07-25-2017]

 

Pizza & Public Affairs Wednesday September 6, 2017 Noon to 1:00pm at BARA

Guest Speaker:

Andrea Menegal, Director of Public Affairs, Boulder Chamber

What He Will Present:

Andrea will present a review of local ballot issues going to voters this November. New taxes, renewing taxes, municipalization, Charter changes and more.

 

As the ballots firm up we’ll provide more information about the September 6 kick off to the 2017-2018 Pizza & Public Affairs agenda.

 

In Case You Missed It

  • Better Boulder seeks more ADUs in Boulder

ADU video: http://betterboulder.com/granny-flats-aka-adus/