President’s Pen – June, 2014
By Seth Task, ACAR President
It’s June! Did you doubt whether we’d ever see warm sunny days of summer here in Northeast Ohio? The past couple of months have been extremely busy at ACAR. Following are a few highlights:
The public advocacy REALTORS do is critical and powerful. Advocacy allows REALTORS to protect private property rights, ensures your ability to earn a living, and creates a foundation for responsible homeownership.
A great example of our national advocacy is the REALTOR Party Conference held in Washington DC, May 12-17th. I’m extremely proud to serve as the Vice Chair of the NAR Federal Financing & Housing Policy Committee. It monitors and analyzes current and prospective federal housing issues affecting FHA and HUD, the VA Home Loan Guaranty Program and other federal housing programs. The Committee recommends appropriate public policies to address them.
The committee meeting in May focused on FHA—reform, loan limits and premiums. It also addressed FHA’s ban on “spot loans” in condo developments that aren’t certified. Recent progress includes FHA’s commitment to revisit the ban. Meanwhile, a California campaign to convince condo boards to re-think their objections to FHA certification — for their unit owners’ sakes was also unveiled. For more information read, FHA facing political pressure to bring back ‘spot’ condo loans and New FHA rules making condos no-lending zones.
I serve on the Public Policy Coordinating Committee which also met in May. Its purpose is to coordinate, refine and oversee the legislative, regulatory, and other public policy-making functions of NAR. We heard a panel on sustainable homeownership that included representatives from the Bipartisan Policy Center, the Federal Housing Finance Agency and HUD.
Additional ACAR leaders attended NAR meetings and went on Hill Visits. Read about the message they delivered to legislators.
Have a safe, fun and productive summer!