REALTOR Call to Action

The United States Senate is missing an opportunity to improve housing markets across the country, and we need your help to tell them to get to work and make homeownership a priority!

Take action now to urge your Senators to pass H.R. 3700, the “Housing Opportunity Through Modernization Act of 2016,” a bill that makes needed reforms to the Federal Housing Administration (FHA) condominium loan program, federal-assisted housing programs and Rural Housing Service loan programs.

This legislation provides significant benefits to taxpayers, homebuyers and the real estate market by:
1) Removing a burdensome and expensive FHA Condo approval process
2) Reducing FHA restrictions on the number of condos available to homebuyers
3) Permanently streamlining Rural Housing Service loan processing


Bottom Line: This bill makes buying a condo A LOT easier by expanding opportunities for first-time homebuyers and streamlining rural housing programs for low-income rental residents. Condominiums are among the most affordable homeownership options for first-time homebuyers, as well as lower income borrowers, but barriers to safe, affordable mortgage credit for condos still exist. H.R. 3700 takes a number of steps to address those concerns.
The House of Representatives passed this bill unanimously with a bipartisan vote of 427-0 and now we need the Senate to act!


Even if your business model is not based on Condominium or Rural Housing Service transactions, all REALTORS need to band together on this Call for Action. Although it may not affect you directly, the next one could very well be of critical importance to your business. Please support your REALTOR family by responding to this important Call for Action!
 
4 easy ways that Realtors can follow important issues that affect their business and respond to Calls for Action
1. Email:  NAR sent you an email.  It takes just 2 clicks to respond.
2. Web: If you didn’t get the email, you can respond at WWW.TexasRealEstate.com/Action
3. There’s an APP for that: The REALTOR® Action Center mobile app is now available for download for the iPhone and DROID. Simply search for NAR Action Center in their respective app markets.  
4. Text: To stay informed about upcoming calls for action alerts via text message, sign up for the REALTOR®Party Mobile alerts program below or text the word REALTOR to 30644

MetroTex Candidate Endorsements

The MetroTex Association of REALTORS actively supports candidates for office who have demonstrated knowledge and concern about housing in North Texas. Because our area is experiencing both tremendous growth and a burgeoning housing market, we need local leaders who understand the impact of key decisions on housing in their communities.  As you are no doubt aware, Dallas-Fort Worth is expecting a continuation of the enormous population boom for several more years. MetroTex maintains that it is critical for local governments to plan for the future by understanding homeowners’ concerns and to bolster homeownership in the area. Supporting those efforts is the Association’s top priority this election season. Through the candidate interview process with MetroTex, our endorsed candidates clearly showed a command of issues critical to sustaining our economy, as well as the needs and challenges our fast-growing area faces.

On May 7, 2016, Texas voters will go to the polls to elect candidates in local mayoral and city council races.  Early voting will be held Monday, April 25 – Tuesday, May 3, 2016.  During the early voting period, you may vote at any early voting location in the county in which you are registered.   For exact dates, times and early voting locations, please visit the website of the county in which you are registered. On Election Day, you must vote at the location that has been assigned to your precinct. Your polling place location number can be found on your voter’s registration card.  Polling places will be open from 7:00 a.m. – 7:00 p.m.   Election Day precinct polling places will be published in the Dallas Morning News and the Fort Worth Star-Telegram.

The following candidates have received Support of MetroTex Association of REALTORS® for the May 7, 2016 Municipal Election: