The Washington Report covers legislative and regulatory policy activities, and is compiled by NAR's Advocacy Group policy staff. To receive this content via email, subscribe to the Edge Up with NAR newsletter.
The Department of Housing and Urban Development (HUD) announced a Conciliation Agreement with The Appraisal Foundation (TAF). TAF is the private organization that sets qualifications and standards for the appraisal profession.
The administration's proposal—which requires congressional action—would take away the accelerated depreciation tax provision from housing providers with 50 or more units who raise rents by more than 5% per year.
HUD alleges that the appraiser prepared an insupportably low appraisal of a duplex owned by a Black woman in a predominantly White area.
The federal banking regulators and Consumer Financial Protection Bureau (CFPB) released their final rule on quality control standards for automated valuation models (AVMs). The final rule reflects some of NAR’s recommendations. Learn more.
The President’s proposal would create a temporary (2-year) change to the Internal Revenue Code (IRC) to incentivize capping rent increases at or below 5% annually. Learn more.
NAR submitted comments to the Federal Housing Finance Agency (FHFA) in response to its request for input on Federal Home Loan Bank Core Mission Activities and Mission Achievement.
The Federal Housing Finance Agency (FHFA) announced new resident-centered practice requirements for multifamily properties financed by Fannie Mae or Freddie Mac (the GSEs). Learn more.
Learn more about the changes announced by the Federal Housing Administration (FHA) to their 203(k) Rehabilitation Mortgage Insurance Program.
The Fair and Equal Housing Act of 2024 will provide clear and consistent non-discrimination protections for LGBTQ+ people in housing by adding “sexual orientation” and “gender identity” as protected characteristics under the Fair Housing Act.
The Pathways to Removing Obstacles to Housing (PRO) program seeks to remove barriers to affordable housing production and ultimately lower housing costs by addressing the main culprit of housing affordability: the limited housing supply.
Search Washington Report