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* Georgia Meacham - AnchorageGeorgia Meacham - Anchorage

Time: 9:00 am

Expanding Housing Opportunity Loussac Library Wilda Marston Theater, 3600 Denali Street, Anchorage $25 per person Contact 561-2338 or kdubois@ancboard.com for more information

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* Georgia Meacham - WasillaGeorgia Meacham - Wasilla

Time: 9:00 am

Expanding Housing Opportunities Valley Board of REALTORS Building $20 per person Contact 376-5080 or valleybd@mtaonline.net for more information

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* Realtor Of The Year NomineeRealtor Of The Year Nominee

Deadline to submit Realtor of the Year Entries

* Georgia Meacham - FairbanksGeorgia Meacham - Fairbanks

Time: 9:00 am

Registration Deadline is August 7th, 2014 $20 per person Contact 452-7743 or gfbrae@gci.net for more information

* 2016 Convention Proposals2016 Convention Proposals

Time: 11:11 am

2016 Convention site proposals are due to AAR.

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* Georgia Meacham - HomerGeorgia Meacham - Homer

Time: 9:00 am

Contact 299-2050 or Kachemak.eo@gmail.com for more information.

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* Georgia Meacham - KenaiGeorgia Meacham - Kenai

Time: 9:00 am

Contact 262-1851 or kpar@alaska.net for more information

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* WCR Luncheon - AnchorageWCR Luncheon - Anchorage

Time: 11:30 am

Women's Council of REALTORS Luncheon Meeting and Forming Southcentral Alaska Chapter of the Women's Council of REALTORS (Valley to Anchorage to Homer) Bayshore Club House $15 in Advance, $20 at the Door Contact Anchorage Board of REALTORS at 907-563-7133 to register

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Check the Alaska CRS Class Schedule here.

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