NAR Call for Action to launch Monday, June 13
Last Thursday, you should have received an email from the NAR Government Affairs Communications office informing you that a Call for Action (CFA) would be launched Monday, June 13.
It will be focused on encouraging the U.S. Senate to support and pass House Resolution 3700 "Housing Opportunity Through Modernization Act of 2016". This legislation would make four (4) changes to the Federal Housing Authority's Condominium Rules. They are:
Reduce owner-occupancy ratio to 35% unless HUD acts within 90 days of enactment of this law to otherwise lower the ratio.
Allow lenders to approve condos with commercial space over 25%.
Require HUD Secretary to “substantially reduce” burdens on condo recertification.
Require FHA to mirror the FHFA rules related to private transfer fees. NAR is now working with the Senate to move legislation there.
Check out the NAR Issue Summary here and a copy of the bill summary here. This legislation passed unanimously in the House of Representatives.
The Call for Action will go live around 3PM this afternoon and will remain open until at least the Congressional summer recess which begins July 18.
During this time, we will need your help to ensure that your members take action on this important issue and help NC REALTORS® achieve 20% participation to continue our progress towards the NAR President's Cup. Also, promotion of all NAR Calls for Action is a component of Core Standards for all associations.
NC REALTORS® will begin our outreach to members with social media posts starting this afternoon on our Facebook and Twitter pages. The first all member email will be sent out on Wednesday morning. CFA information will also be included in all NC REALTORS® communications going forward. Please share any of this content with your members to encourage their participation.
Targeted emails to specific member groups will likely begin next Thursday, following NC REALTORS® Legislative Meetings. If you would like for NC REALTORS® to send a targeted message to your membership who have not participated, please email Seth Palmer. He will coordinate the distribution schedule.
Please do not hesitate to contact any member of the NC REALTORS® Government Affairs Team if you have any questions.
NC REALTORS® Government Affairs Department
421 Fayetteville Street, Suite 1109, Raleigh, NC 27601
(800) 443-9956 | This email address is being protected from spambots. You need JavaScript enabled to view it.