Sponsors

Special Thanks to Our Gracious 2015 Convention Sponsors

FATvertBlue Thursday Night ARPAC Dinner & Auction, Friday evening RPAC reception and Saturday morning Breakfast  sponsored by First American Title
Alaska MLS Logo_Horizontal_Gradient Badges and Neck Lanyards, Coffee Service  for entire Convention and Wednesday Opening Ceremonies sponsored by Alaska Multiple Listing Service, Inc.
 Cornerstone Home Lending, Inc. Friday Night Award’s Night dinner sponsored by Cornerstone Home Lending, Inc.
AlyeskaTitle Tuesday Night Ice Breaker sponsored by Alyeska Title Guaranty Agency
Guild Daily Breakfast Wednesday, Thursday and Friday sponsored by Guild Mortgage Company
RESMortg Wednesday “Affiliate Night” Dinner sponsored by Residential Mortgage
Yukon Title Thursday evening Wine during the RPAC Dinner & Auction.
AKUSABlue Logo AK LIcense Tuesday Board of Director’s Meeting, Wednesday Evening YPN Reception and Saturday’s 8 hours of required education sponsored by Alaska USA Mortgage Company
CRS-ALASKA-CHAPTER-LOGO  Friday Luncheon and Wine for Friday dinner.
STKP logo KBT-Logo Friday Keynote Speaker Maura Neill sponsored by Stewart Title of the Kenai Peninsula and Kachemak Bay Title Agency
KBT-Logo Tuesday Night Icebreaker Bonfire sponsored by Kachemak Bay Title Agency
MST Logo Wednesday Keynote Speaker Jerri Rossi sponsored in part by Mat-Su Title Agency, LLC.
FTA LLC Logo 2 Wednesday Keynote Speaker Jerri Rossi sponsored in part by Fidelity Title Agency of Alaska, LLC. Convention photography by Matthew Ezell.
FNB Thursday 2 Hour ECE Seminar sponsored by First National Bank Alaska
 HSA Home Warranty Affiliate Night Entertainment sponsored by HSA Home Warranty
DAHL-Logo-for-Web Convention Thumb Drives sponsored by Denali Alaskan Home Loans
 TrueNorth Convention Bags sponsored by True North Federal Credit Union
ahfcNEW  Wednesday Past President’s/REALTOR® of the Year Luncheon.
Morris Alaska Alaska Star NameplateHomerNews Header with Calendar Logo 20150825 Juneau Empire Logo Clean Clarion Color Logo NameplateAJOC       Clarion Color LogoClarion Color Logo Thursday Trade Show
Stewart Friday Night Entertainment

Realtors® Applaud House Passage of “Housing Opportunity Through Modernization Act”

WASHINGTON (February 2, 2016) — The U.S. House of Representatives voted today to advance legislation that will expand opportunities for homeownership. H.R. 3700, the “Housing Opportunity Through Modernization Act,” includes a number of initiatives that have strong support from the National Association of Realtors®, who hailed the vote as important progress for home buyers and sellers.

“This legislation will put homeownership in reach for more families, and we applaud Congress’s work to take us there,” said NAR President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida. “We look forward to seeing it advance through the legislative process and to the President’s desk, so it can be signed into law.”

NAR testified last year in support of H.R. 3700 before the U.S. House Financial Services Subcommittee on Housing and Insurance. In particular, NAR championed the inclusion of reforms to current Federal Housing Administration restrictions on condominium financing.

Condominiums are among the most affordable homeownership options for first-time homebuyers, as well as lower income borrowers, but barriers to safe, affordable mortgage credit for condos still exist. H.R. 3700 takes a number of steps to address those concerns.

These include efforts to make FHA’s recertification process “substantially less burdensome,” improving a process that is often costly and which condo developments must repeat every 24 months. H.R. 3700 also lowers FHA’s current owner-occupancy requirement from 50 percent to 35 percent and requires FHA to replace existing policy on transfer fees with the less-restrictive model already in place at the Federal Housing Finance Agency.

Additionally, the “Housing Opportunity Through Modernization Act” streamlines the process for exemptions to FHA’s rule requiring that condominium projects have no more than 25 percent of the space dedicated to commercial use. This effort is in line with the Department of Housing and Urban Development’s initiative to promote neighborhoods with a mix of residential housing, businesses and access to public transportation.

Finally, H.R. 3700 includes further support for rural housing loans and multifamily housing initiatives.

“There is tremendous demand for affordable housing, and H.R. 3700 offers fresh opportunities for creditworthy borrowers to become homeowners when they choose to,” said Salomone. “NAR thanks Congressman Blaine Luetkemeyer, R-Mo, for introducing the bill, as well as leaders in the House for making it a priority. We look forward to working with our partners at all levels to advance this legislation in support of homeownership.”

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.1 million members involved in all aspects of the residential and commercial real estate industries.

Contact Information

Alaska Association of REALTORS®
4205 Minnesota Drive
Anchorage, Alaska 99503

Phone (907) 563-7133
FAX (907) 561-1779
Toll-Free (800) 478-3763

joinus@alaskarealtors.com