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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.
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.”

Business Real Estate Press Releases

The Boulder Group Arranges Sale of Net Leased O’Reilly Auto Parts

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant O’Reilly Auto Parts located at 287 N Ron McNair Boulevard in Lake City, South Carolina for $1,045,000.

Recent Gov & Nonprofit Real Estate Press Releases

The Boulder Group Arranges Sale of Net Leased O’Reilly Auto Parts

The Boulder Group, a net leased investment brokerage firm, has completed the sale of a single tenant O’Reilly Auto Parts located at 287 N Ron McNair Boulevard in Lake City, South Carolina for $1,045,000.