Recently, the Strongsville City Council introduced an Ordinance that would re-zone a vacant area on Marks Road from GI-A (General Industrial-A) to RT-C (Townhouse-Cluster). If passed, this Ordinance will allow the City of Strongsville to increase the housing supply, which would provide for...
NAR Welcomes FHFA's Cancellation of August 1 LLPA Fee Increase This afternoon, following significant urging from the National Association of REALTORS®, the Federal Housing Finance Agency (FHFA) rescinded its proposed loan level pricing adjustment (LLPA) upfront fee on borrowers with debt-to...
Recently, an ACAR member shared information regarding possible changes coming to the riparian setback policy in Bath Township. “Riparian” is the land that runs along the sides of streams and rivers. A “Riparian Setback,” is a jurisdictional boundary set back from the bank of a river/stream ...
According to recent news reports, the City of Lakewood is considering tougher rental regulations for housing providers. Building Commissioner Chris Parmelee has proposed rental inspections for new rentals before receiving a housing license. The inspection will have a $50 residential fee, and...
At a recent meeting, Broadview Heights City Council considered 2 ordinances that would place issues on the ballot this fall. First, City Council has proposed Ord. 04-2023 which, if passed, would remove the B-1 (cluster housing) zoning classification. The other ordinance proposed, Ord. 08...
By Andrew Huffman, Ohio REALTORS Director of Government Affairs Ohio REALTORS provided testimony this week before the House of Representatives Finance Committee on the multi-billion dollar state operating budget. The spending package, House Bill 33 (HB 33), funds state government operations...
By Ken Fears, National Association of REALTORS In January of 2023, the Federal Housing Finance Agency (FHFA), which regulates Fannie Mae and Freddie Mac (the GSEs), directed them (link is external) to change their loan level pricing adjustments (LLPAs)—upfront fees the GSEs charge...
Akron Cleveland Association of REALTORS® (ACAR) recently reviewed several candidates running for office in the City of Akron, Ohio. The review process is conducted by its REALTORS® Political Action Committee (RPAC) Trustees, which is composed of REALTOR® members of ACAR appointed by the...
From the National Association of REALTORS (NAR): This week, NAR joined a coalition letter encouraging the National Economic Council to support the reduction of the annual mortgage insurance premium (MIP) for borrowers with Federal Housing Administration (FHA) insured loans. The letter comes...
Throughout the year, the Akron Cleveland Association of REALTORS may accept Placemaking Grant applications from municipalities and non-profits in Cuyahoga County, Portage County, or Summit County. What is a Placemaking Grant? Placemaking Grants fund projects that create new,...
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