Author: www.nar.realtor - Washington Report

The bill provides a clear framework for cannabis businesses—or businesses that work with them—access to federally-insured financial institutions in states that have legalized cannabis.

Bipartisan legislation has been introduced to increase the equity for “Schedule C Filers” who took out Paycheck Protection Program (PPP) loans prior to March 2021.

The recently enacted American Rescue Plan Act included $9.9 billion in relief for homeowners to be administered through a new Homeowner Assistance Fund (HAF).

NAR thanks Congress for elevating the issue of student debt, expresses NAR’s concern, and outlines NAR’s position.

The American Rescue Plan included two health insurance related changes regarding access to premium subsidies in the Affordable Care Act markets that may help members better afford health insurance coverage.

On April 9, 2022, the Biden Administration released its summary request for fiscal year (FY) 2022 discretionary funding. Check out the provisions affecting the real estate industry.

NAR submitted a comment opposing the Department of Labor’s proposed withdraw of the final rule on independent contractor status under the Fair Labor Standards Act (FLSA).

NAR is concerned that the final rule has still not addressed several weaknesses that could result in higher and inconsistent costs for consumers, discrimination, and a weakening of safety and soundness.

The FHA Mutual Mortgage Insurance Fund remained strong given the financial challenges faced by homeowners with FHA-insured mortgages in 2020.

On Monday, March 29, the CDC announced it is extending the federal eviction moratorium for an additional 3 months, through June 30, 2021. The moratorium prohibits housing providers from evicting a tenant who is unable to pay rent as a result of financial hardship due to COVID-19, but does not forgive the rent that is due.