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.
Today’s actions included an additional $100 million in grant funding to assist state and local governments with identifying and overcoming barriers to housing development.
The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion and research on contract-for-deed financing arrangements. Learn more.
NAR suggests using existing data on appraisers with and without college degrees to quantify whether a college education is a meaningful requirement.
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.
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