STATE AND LOCAL INITIATIVES FUND - APPLICATION DEADLINE

The State and Local Initiatives Fund supports a wide range of housing opportunity programs and offers grants of up to $4,000. To be considered, programs should support the mission of the National Association of REALTORS® Housing Opportunity Program – to position, educate, and assist REALTORS® as leaders in creating housing opportunities. Applications are due April 13, 2007. To download the application, click here: http://www.realtor.org/HousOpp.nsf/files/SLIApplicationApril07.doc/$FILE/SLIApplicationApril07.doc

For more information please CONTACT: Wendy Penn, wpenn@realtors.org, mailto:wpenn@realtors.orgwpenn@realtors.org, 202-383-7504.

 

CALL TO ACTION!!!

 

 

As a REALTOR you recognize that stabilizing the current mortgage market turmoil requires an immediate and significant response from Congress.  NAR strongly recommends contacting your Member of Congress to ask for his or her YES vote on H.R. 1852, the Expanding American Homeownership Act of 2007 and a YES vote on the Frank-Miller-Cardoza amendment. 

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H.R. 1852 reforms the FHA program by building on the strength and security of successfully insuring mortgages for more than 70 years.  It is the immediate and significant response necessary to return stability to the mortgage market.

The amendment offered by Congressmen Frank (D-MA), Gary Miller (R-CA) and Cardoza (D-CA) raises the single-family FHA loan limits to 125% of area median home prices and permits the Secretary of Housing and Urban Development to grant additional increases if required by market conditions. 

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