Laws & Taxes

Laws & Taxes
Ginnie Mae

VA, Ginnie Mae Create Task Force to Address Mortgage Refinancing Issues

The Government National Mortgage Association (Ginnie Mae) and the Department of Veterans Affairs (VA) announce the formation of the “Joint Ginnie Mae – VA Refinance Loan Task Force.”
Pircher, Nichols & Meeks

PHILLIP G. NICHOLS OF PIRCHER, NICHOLS & MEEKS AWARDED 2018 LAWYER OF THE YEAR...

Pircher, Nichols & Meeks LLP (Pircher), a national real estate law firm with offices in Los Angeles and Chicago, announced today that one of its founding members, Phillip G. Nichols, has been named Lawyer of the Year for Real Estate Law in Los Angeles by Best Lawyers®. Nichols was previously honored with this award in 2012 and has been recognized by Best Lawyers® since 2001
ABC National

Tax Reform Framework a Major Step Forward, Says ABC

Michael D. Bellaman, president and CEO of Associated Builders and Contractors (ABC), issued the following statement supporting the Unified Framework for Fixing Our Broken Tax Code released today by congressional and administration leaders
NLIHC

Statement from Diane Yentel, President and CEO of the National Low Income Housing Coalition,...

The tax reform plan proposed by Republican leaders in Congress and the White House overlooks one of the best and most immediate ways to spur economic growth and help everyday Americans who have been left behind: reprioritizing and rebalancing federal housing policy.
FTC

Court Finds Defendants Lied to Consumers When Selling Legal Services for Mortgage Relief

A federal court has found that Jeremy Foti and Charles Marshall, acting through Brookstone Law and Advantis Law, “made numerous false and/or misleading material statements to consumers” when selling legal services for purported mortgage relief.
Homeownership a Common Interest

Homeownership a Common Interest, Deserves Protection in Tax Reform Debate

Tax reform done right could yield savings and simplification that benefits average Americans, but history shows that misguided reforms can pose significant threats to the economy. That’s the message the National Association of REALTORS® brought to Congress today as Iona Harrison, chair of NAR’s Federal Taxation Committee
HUD - U.S. Department of Housing and Urban Development

HUD SECRETARY BEN CARSON’S STATEMENT ON TAX REFORM

U.S. Housing and Urban Development Secretary Ben Carson made the following statement regarding tax reform. "One of the most important actions we can take to grow our economy and help families get ahead is to fix our broken tax code.
USDOJ

Chairman of Macau Real Estate Development Company Convicted on All Counts for Role in...

Yesterday, a federal jury convicted the chairman of a real estate development company for his role in a scheme to bribe United Nations ambassadors to obtain support to build a conference center in Macau that would host, among other events, the annual United Nations Global South-South Development Expo.
NAHB

Homeownership Remains Key Part of American Dream; Obstacles Persist for Many

As the National Association of Home Builders (NAHB) celebrates National Homeownership Month in June, more than two-thirds of Americans believe that owning a home is an essential part of the American Dream.
NLIHC

Statement from Diane Yentel, President and CEO of the National Low Income Housing Coalition,...

President Trump’s proposal for tax reform is a missed opportunity to reprioritize and rebalance federal housing policy. By raising the standard deduction, Mr. Trump’s tax plan would lead to fewer households claiming the mortgage interest deduction (MID) – a $70 billion tax write-off that primarily benefits higher income households.
NAR

Homeownership in the Crosshairs of Latest Tax Plan, Say Realtors®

Major reforms are needed to lower tax rates and simplify the tax code, but that shouldn’t come at the expense of current and prospective homeowners. That’s according to National Association of Realtors® President William E. Brown, a second-generation Realtor® from Alamo, California and founder of Investment Properties.
DOI

President Trump Requests $11.6 Billion for Interior Department’s FY 2018 Budget

U.S. Secretary of the Interior Ryan Zinke today announced President Trump’s $11.6 billion Fiscal Year (FY) 2018 budget blueprint request for the Department of the Interior. The budget meets the Department's core mission while also saving taxpayers $1.5 billion or 12 percent reduction from the FY 2017 Annualized Continuing Resolution level.

The Law Center Announces A Major Bipartisan Victory to House Homeless People Using Surplus...

The National Law Center on Homelessness & Poverty (the Law Center) announced a major victory that will create housing for people experiencing homelessness by using surplus federal property. The Law Center worked with a bipartisan coalition in Congress on the Federal Assets Sale and Transfer Act of 2016 (FAST Act), which reforms how the federal government disposes of its property, including property for homeless services under Title V. The FAST Act (H.R. 4465) passed the U.S. House of Representatives in May of 2016, and then passed the U.S. Senate by unanimous consent on December 10, 2016. The bill is expected to be signed into law.

Government Receives a “D” on Report Card in Response to Homelessness

The National Law Center on Homelessness & Poverty (the Law Center) issued Grading the U.S. Response to Homelessness, its annual report card on the human right to housing in the U.S. The report card praises the progress of the federal government this year in addressing the criminalization of homelessness and in some areas to promote fair housing, but condemns its ongoing failure to stem the tide of homelessness by ensuring adequate, affordable housing is available to all, resulting in an overall grade of “D.”

GSA Auctions the Cotton Annex Building

The U.S. General Services Administration (GSA) begins the public sale for Cotton Annex building in an effort to find a new owner for the property while creating the greatest possible value for taxpayers.

Justice Department Files Brief to Address the Use of Criminal Background Checks by Housing...

The Justice Department filed a statement of interest today arguing that the Fair Housing Act (FHA) requires that landlords who consider criminal records in evaluating prospective tenants do not use overly broad generalizations that disproportionately disqualify people based on a legally protected characteristic, such as race or national origin.
Khemka & Choudhary - Houston TX Employment & Tenant Lawyer and Attorney

Statement from Diane Yentel, President and CEO of the National Low Income Housing Coalition,...

The National Low Income Housing Coalition (NLIHC) welcomes an elevated discussion and proposed solutions to the country's affordable housing crisis. Together with our members, partners and allies across the country, we work towards ensuring the lowest income families have decent, safe and affordable homes. While we are pleased to have Senator Ron Wyden (D-OR) prioritizing solutions to the affordable housing crisis, his proposed Middle Income Housing Tax Credit (MIHTC) program would be a misguided and wasteful use of federal resources

Washington Wizard John Wall, U.S. Senator Susan M. Collins, Advocates to Receive Awards for...

On Thursday September 22, 2016 the National Law Center on Homelessness & Poverty ("the Law Center") will be honoring Washington Wizard John Wall, U.S. Senator Susan M. Collins, Dechert LLP and Angela Spencer, at the 18th annual McKinney-Vento Awards Ceremony in Washington D.C. The Law Center will also celebrate 27 years of high impact work to protect the rights of individuals experiencing homelessness and to end homelessness in America. Dana Jacobson, an award winning TV sports personality and correspondent and anchor for CBS News and CBS Sports, will emcee. Ted Leonsis and Congresswoman Gwen Moore will join us as awards presenters.

Apartment Industry Applauds the Introduction of Middle-Income Housing Tax Credit Legislation

The National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) issued the following statement in response to Senate Finance Committee Ranking Member Ron Wyden’s (D-OR) proposal to create a Middle-Income Housing Tax Credit (MIHTC)

NAHB Commends Sen. Wyden’s New Middle-Income Housing Tax Credit

The National Association of Home Builders (NAHB) today commended Sen. Ron Wyden (D-Ore.) for introducing the Middle-Income Housing Tax Credit Act of 2016. The legislation builds on the successful Low-Income Housing Tax Credit (LIHTC) by creating a new tax credit to spur the development of rental homes affordable to Americans with moderate incomes

NAHB Endorses Candidates for Congress

For the first time in its 74-year history, the National Association of Home Builders (NAHB) is officially endorsing candidates for the U.S. House and Senate in the upcoming Nov. 8 elections. “As housing goes, so goes the economy,” said NAHB Chairman Ed Brady, a home builder and developer from Bloomington, Ill. “This election could determine if the housing and economic recovery stays on track or veers off course. The incumbents and candidates from both political parties that NAHB will be endorsing have all exhibited a commitment to advance policies that will promote homeownership and rental housing opportunities for all Americans.”

NFIB and PLF sue OSHA for foisting union activists on businesses

The Occupational Safety and Health Administration (OSHA) is illegally foisting union activists onto non-unionized businesses, through an unlawful rule allowing agents from organized labor to participate, as of right, in OSHA health and safety inspections.

Consumer Groups Urge the Department of Energy to Strengthen Protections for Homeowners in Best...

The National Consumer Law Center, on behalf of its low-income clients, and 15 consumer advocacy organizations submitted comments urging the U.S. Department of Energy (DOE) to strengthen consumer protections in the Department's draft Best Practices for Residential PACE Financing Programs. Municipalities use Property Assessed Clean Energy (PACE) loans to help homeowners finance energy efficiency and renewable energy improvements to their homes.

President Signs Housing Assistance Reform Bill Into Law

On July 29, President Obama signed into law H.R. 3700, the Housing Opportunity Through Modernization Act (HOTMA), which will streamline and reform several federal housing assistance programs. NCSHA and a broad coalition of housing stakeholders have strongly advocated for this bipartisan legislation over the past year.
607 East Creek

Why I live in Fredericksburg, Texas…

I grew up in Southern California and thought I would never move, great weather, lots to do, and had friends and family there. But after retiring in 1994, we decided that the cost of living after retirement in California was going to limit our lifestyle and mobility. So, with that, we moved to Colorado Springs, which was nice enough, but those “mild” winters quickly turned into black ice and snow piled up to the eaves of the house.

Mayor Bowser Signs Renewable Portfolio Standard Bill into Law

DC Mayor Muriel E. Bowser hosted a press conference with Courtney Snowden, Deputy Mayor for Greater Economic Opportunity (DMGEO); Tommy Wells, Director of the Department of Energy and Environment (DOEE); GRID Alternatives; and participants in DOEE’s Green Zone Environmental Program (GZEP), where she signed the Renewable Portfolio Standard Expansion Act of 2016. This legislation, introduced by Councilmember Cheh and unanimously passed by Council, will solidify the District’s position as a national leader in the push to decarbonize our economies, increase access to clean energy for DC residents, and create a long-term pipeline for green jobs and business creation.

NAA/NMHC Applaud Members of Congress for Swift Passage of Vital Federal Housing Reforms

Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) released in response to the passage of “The Housing Opportunity Through Modernization Act” in Congress

ABA Resolution Could Reduce Safety, Increase Costs, Add Undue Burden to Tax Payers

The National Institute of Building Sciences issued an open letter today to delegates attending the upcoming American Bar Association (ABA) Annual Meeting in August informing of the potential long-term impacts should they vote to support a proposed resolution. The resolution—which advocates that copyrighted codes and standards incorporated by reference in legislation and regulation be made available for free—would alter the way codes and standards are developed in the United States

Hearing Reveals Administration’s Apparent Double-Standard for Federally Subsidized Renewable Energy Projects On Federal Lands

The Subcommittee on Oversight and Investigations held a hearing on the status of Ivanpah and other federal loan-guaranteed solar energy projects on Bureau of Land Management (BLM) lands.

Lincoln Institute Releases New Analysis of Property Taxes in 50 States

The Lincoln Institute of Land Policy has released the latest edition of its annual report on property tax rates in all 50 U.S. states, with a new analysis of how communities raise revenue to pay for basic public services.

Popular Government & Nonprofit Press Releases

MBA

September New Home Purchase Mortgage Applications Decreased 7.5 Percent Year over...

The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) data for September 2017 shows mortgage applications for new home purchases decreased 7.5 percent compared to September 2016. Compared to August 2017, applications decreased by 20 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns.

Recent Government & Nonprofit Press Releases

The White House

President Donald J. Trump Announces Intent to Nominate Leonard Wolfson to...

If confirmed, Leonard Wolfson of Connecticut will serve as Assistant Secretary of Housing and Urban Development. Mr. Wolfson has served as Associate Vice President of Legislative Affairs for the Mortgage Bankers Association, where he helped the real estate finance industry recover from the financial crisis by advocating for a return to safe and sustainable lending.