Unveiling Our Vision for Housing Finance Reform, By The Numbers, Success Stories, and More View e-mail in browser February 14, 2019 Unveiling Our Vision for Housing Finance Reform Last week, REALTORS® had the chance to showcase their leadership on housing finance reform in front of more than 400 industry professionals and current and former members of Congress. With reform to Fannie Mae and Freddie Mac on the minds of so many in Washington, NAR’s first-annual Policy Forum took an extensive dive into their work to ensure these entities can effectively serve the housing market and protect taxpayers in the decades to come. READ MORE By The Numbers 11 Number of years that government-sponsored enterprises (GSEs) – Fannie Mae and Freddie Mac – have been in “temporary” conservatorship. NAR, in collaboration with Susan Wachter and Richard Cooperstein, recently released new research exploring ideal restructuring of the secondary mortgage market in the working paper A Vision for Housing Finance Reform. READ MORE 140 The number of new Federal Political Coordinators (FPCs) assigned to members of the 116th Congress. These new FPCs recently gathered in Washington, D.C., to kick off their advocacy outreach efforts. FPCs are a specially selected group of 535 REALTORS® who are the voice and the face of real estate to our federal lawmakers, playing a pivotal role in REALTOR® Party Outreach. LEARN MORE 5/15 The date reserved for Hill visits during the 2019 REALTORS® Legislative Meetings & Trade Expo. NAR cleared the schedule between the hours of 2:00 p.m. and 4:30 p.m. on Wednesday, May 15, and we want to see YOU on the Hill Wednesday afternoon! Contact your association for information on your state delegation's Hill visit. LEARN MORE 23 The number of entities that play a role in the federal government’s efforts to enhance financial literacy, financial capability, and individual financial well-being. Join NAR in supporting efforts to educate the public about the importance of making sound financial decisions to prepare for and to sustain homeownership. READ MORE The REALTOR® Party At Work Highlighted here are a few of the many REALTOR® Party success stories across the nation. These and others are cataloged in the Success Stories section on REALTORParty.realtor. NAR: Real Estate Pros Get Big Win in Tax Qualified Business Income Rule NAR calls a recent ruling from the Treasury Department and the IRS on the new 20 percent deduction on qualified business income a “significant victory” for real estate. The department and IRS issued their final regulations late last week regarding the qualified business income rule, providing greater clarity heading into the 2018 tax filing season. READ More Successful Florida REALTORS® Campaign Leads to Property Tax Limits on Non-Homestead Properties In the fourth and final phase of a ten-year effort, Florida REALTORS® were able to secure a permanent 10% cap on non-homestead property tax through an Issues Mobilization campaign. Had the limit not been approved by voters, 700,000 Florida property owners stood to be hit by a projected $700 million increase in additional property taxes annually. READ More Arizona REALTORS® Lead the Charge against a Tax on Services A statewide campaign featuring a superhero named “PAT”, short for Protect Arizona Taxpayers, helped convince Arizona voters to amend the state constitution to prohibit sales taxes on services. Thanks to an Issues Mobilization Grant, the effort was able to achieve its goal in a single bound. READ More Resources & Opportunities Show Your RPAC Pride Online Celebrate the 50th anniversary of the REALTORS® Political Action Committee. Add a special graphic overlay to your social media profile picture (click on Add Your Photo). Then check out the map to see profile pics of your REALTOR® colleagues from across the country. LEARN MORE NAR: Turn GSEs into Utilities To protect affordable 30-year, fixed-rate mortgages, Fannie Mae and Freddie Mac should be given new charters that turn them into utilities with private shareholders and federal backing for catastrophic losses, NAR says. The association's proposal was introduced at a policy forum it hosted in early February. The proposal envisions public-minded boards for the utilities and a strong regulator to enforce credit standards. Summary in the latest Voice for Real Estate news video from NAR. Access Executive summary of proposal and Realtor magazine coverage of the policy forum. LEARN MORE That’s Who We R: New Ad Campaign Begins February 25 On February 25, NAR’s new ad campaign will share with consumers who REALTORS® are, and differentiate the REALTOR® brand. In 2018, this nationwide campaign made 2.71 BILLION impressions. Members will be able to access campaign materials, including video, radio, print and banner ads, and social posts. Visit www.ThatsWhoWeR.realtor.  LEARN MORE Economic Impact of Real Estate State-by-State Wondering how the housing market in your state affects the local economy? State-by-State Economic Impact of Real Estate Activity reports outline the total impact of real estate–related industries on the state economy, as well as the expenditures that result from a single home sale. LEARN MORE 2019 REALTOR® Party Resource Guide Check out the 2019 REALTOR® Party Association Resource Guide to learn about resources for community outreach, candidate, and issue campaigns, RPAC and political fundraising; member and consumer mobilization; and much more. Also, review the programs and resources that qualify for the new Vote, Act, and Invest Core Standards’ requirements. 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Send us examples of how your association put NAR’s REALTOR® Party resources to work to implement a successful advocacy or community outreach program. Email your stories to: realtorparty@realtors.org. See more than 300 stories documenting how REALTOR® associations around the country put REALTOR® Party Resources to work at the REALTOR® Party Success Stories page. This newsletter replaces the NAR Weekly Report for this week and the second week of every month. The REALTOR® Party News will publish next on March 14, 2019. If you missed a previous edition check out the REALTOR® Party News Archive. Headquarters: 430 North Michigan Avenue, Chicago, IL 60611 DC Office: 500 New Jersey Avenue, NW, Washington, DC 20001-2020 | 1-800-874-6500