Laws & Taxes

Laws & Taxes
NMHC

Apartment Industry Statement on Tax Reform Legislation Released by the House Ways and Means...

Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) following the release of tax reform legislation by the House Ways and Means Committee. “NMHC/NAA applaud the House Ways and Means Committee release of tax reform legislation. While we are continuing to review the legislative language, the tax reform package, as currently written, looks to encourage economic growth and job creation while protecting the multifamily industry’s ability to serve the 39 million Americans who call apartments
NAHB

Republican Tax Reform Plan Slams Middle Class

The National Association of Home Builders (NAHB) called on Congress today to move swiftly to implement comprehensive reforms to the nation’s housing finance system to ensure that housing credit remains readily available and affordable in the future.
NAR

House Tax Bill Delivers Tax Hike on Homeowners

Tax reform discussions took a major step forward this afternoon as leaders on the House Ways and Means Committee released its legislative proposal for an overhaul of the American tax code. The National Association of Realtors® believes the bill represents a tax increase on middle-class homeowners.
NLIHC

Statement by National Low Income Housing Coalition President and CEO Diane Yentel on the...

The tax reform legislation proposed by House Republican leaders takes a historic step in directly revising the mortgage interest deduction (MID), a $70 billion annual tax expenditure that primarily benefits higher income households—including the top 1% of earners in the country. The Republican tax proposal makes sensible reforms in lowering the amount of a mortgage against which the MID can be claimed to $500,000 for new home loans and doubling the standard deduction. This change to the MID would impact fewer than 6% of mortgages nationwide and would save an estimated $95.5 billion over the first decade
NAHB

Statement from NAHB Chairman Granger MacDonald on GOP Tax Plan

Granger MacDonald, chairman of the National Association of Home Builders (NAHB) and a home builder and developer from Kerrville, Texas, today issued the following statement on the tax plan that will be put forth by Republican members of the House Ways and Means Committee

6 Things Every Rental Property Owner Should Know About the Law

This piece isn’t intended to be your one-stop shop for every detail or nuance, but it will provide you with an overview of what need to know regarding the law and your investment property. If you are concerned or have additional questions, you may want to consider speaking to an experienced attorney.
ABC Announces Promotion

ABC Announces Promotion of Téa Gennaro to Chief Financial Officer

Associated Builders and Contractors (ABC) announced the promotion of Téa Gennaro to Chief Financial Officer (CFO). She will be responsible for managing and directing the accounting, finance and facilities functions at ABC and its affiliated organizations—the ABC Political Action Committee, ABC Retirement and Savings Plan, Construction Legal Rights Foundation, Trimmer Construction Education Foundation and ABC Services Corp.
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.

Business Real Estate Press Releases

Plaza At Powe rMarketplac

CBRE Completes $16.6 Million Sale of Plaza at Power Marketplace in...

CBRE has completed the $16.6 million sale of Plaza at Power Marketplace, a ±70,961-square-foot shopping center located at 7225 S. Power Road and 18490-18550 E. Rittenhouse Road in Queen Creek, Arizona. The property is located near the Arizona State University Polytechnic Campus and the Phoenix-Mesa Gateway Airport.

Recent Gov & Nonprofit Real Estate Press Releases

Coliving Space is Catching On in Cities Around the World

In virtually every major city around the world, one trend stays constant: the cost of living increases every year. At the heart of this is the cost of housing - which in some cities like New York or Los Angeles will almost invariably consume the overwhelming portion of a person’s income.