Renovation Financing: Key Changes to FHA’s 203(k) Program

Housing Hub

Last month, the U.S. Department of Housing and Urban Development (HUD) announced long-awaited updates to the Federal Housing Administration’s (FHA) 203(k) Rehabilitation Mortgage Insurance Program. As an industry stakeholder, NAHREP has advocated for updates to this program, including raising repair limits and making the program more accessible in today’s housing market. Now that these updates have been released, we are excited to dive into the program details, including the key changes and what you need to know if you want to get more involved in expanding access to the program.

NAHREP joins a coalition to urge Congress to permanently extend the Mortgage Insurance Premium Tax Deduction

NAC

Last month, NAHREP joined a coalition to urge the Senate to make the current mortgage insurance premium tax deductions permanent and increase its income phaseout. For years, mortgage insurance premiums have been tax deductible and subject to an income phaseout for taxpayers with adjusted gross incomes (AGI) over $100,000 (or $50,000 if single or married, filing separately). Millions of low- and moderate-income homeowners have benefited from the tax code.

NAC Blog: Neily’s Take on Showing Up

NAC

As we all get ready for the 2022 National Convention and Housing Policy Summit in Washington D.C. next week, I thought I would interview one of our National Board of Directors and advisor to the National Advocacy Committee, Neily Soto, to talk about her journey in becoming active in the policy discussions of her local community in Massachusetts. Neily is a successful businesswoman who understands the power of getting involved and speaking up, particularly around housing inventory.

NAC Blog: All Politics are Local

NAC

The NAHREP Policy Department is currently working long hours to make sure the State of Hispanic Homeownership Report is ready by March 2022. A critical component of the report is the annual list of policy priorities that serves as the basis for our advocacy work for the rest of the year. While these priorities focus on national advocacy, a critical component of our policy priorities is actually local.

NAC Blog: NAHREP elevator pitch and immigration

NAC

Recently, some of our NAHREP leaders were asked: “How would you describe NAHREP to elected officials?” I think the most important thing to remember in answering that question, is that when you describe NAHREP to elected officials or to any community leader in general, it is important to establish what we are, what we stand for, and why we matter in 30 seconds.

NAC Blog: NAHREP President, Sara Rodriguez, Repping at the U.S. Capitol!

NAC

With only a little over two weeks since the end of our conference, there’s already so much going on. This is especially true when it comes to our advocacy. First things first, our President Sara Rodriguez represented NAHREP yesterday at the U.S. Capitol alongside U.S. Senator Sherrod Brown (OH), Chairman of the Senate Banking and Finance Committee; and U.S. Rep. Maxine Waters (CA-43), Chairwoman of the House Financial Services Committee. NAHREP was at the forefront of this fight.

NAC Blog: One last push on housing supply in Reconciliation

NAC

For all of you who attended NAHREP at L’ATTITUDE, I think you’ll join me in saying, “what an incredible rush!” The energy at the Manchester Grand Hyatt in San Diego was electric. The air was buzzing with connections, familia reunions, inspiration, empowerment, and love. Don’t think I didn’t see all of you! Everyone was standing a little bit taller, hearts were a little more open, and you all were walking the halls of the hotel owning your space with the rhythm of success that Gary always speaks of. THAT is what NAHREP is all about. I don’t know about you, but I think we all needed that.