REALTOR® National Block Party ~ Well attended

Real Estate Broker/Owner with Mackintosh REALTORS 82894
On Tuesday there was a sea of REALTOR® blue at Nationals Park in Washington DC for the REALTOR® National Block Party. Agents from across the nation met with their members of Congress and their staffers at the ballpark. One of the hot-button issues NAR was pushing back against was the series of changes to the LLPA fees announced by the FHF. Yesterday, the FHFA decided to rescind the controversial Debt to Income LLPA.
The other priority issues discussed were to address America's housing shortage. Inventory, supply, and affordable housing are at the top of this year's REALTOR® Priorities.
* Incentivize more owners to sell their homes by increasing the maximum amount of capital gains a homeowner can exclude on the sale of a principal residence and annually adjusting it for inflation.  Bipartisan legislation on this issue has been introduced in the House of Representatives. The More Homes on the Market Act (H.R. 1321) is sponsored by Representatives Jimmy Panetta (D-CA) and Mike Kelly (R-PA).
* Attract private investment for building and rehabilitating owner-occupied homes by offering tax credits that create a pathway to neighborhood stability through sustainable home ownership. Providing this powerful incentive to build and rehabilitate homes for low- and moderate-income homeowners can fill the gap in areas where it is often more expensive to develop or rehabilitate than appraisal values will support. Bipartisan legislation on this issue has been introduced in the Senate. The Neighborhood Homes Investment Act (S. 657) is sponsored by Senators Ben Cardin (D-MD), Todd Young (R-IN), Ron Wyden (D-OR), Jerry Moran (R-KS), and Sherrod Brown (D-OH).
* Incentivize the conversion of unused commercial buildings to residential and mixed-use properties.  Many commercial properties can be adapted to better suit the needs of communities and create job opportunities, including adding multifamily and affordable housing, warehouse and industrial properties, and mixed-use spaces.
* Create incentives for housing provider participation in the Department of Housing and Urban Development’s (HUD) Housing Choice Voucher (HCV) program. Legislators should also increase funding to assist homeless veterans living on tribal land, update HUD’s methodology for determining rents paid to housing providers participating in the program and reduce burdensome inspection delays. Bipartisan legislation on this issue has been introduced in the Senate. The Choice in Affordable Housing Act (S.32) is sponsored by Senators Chris Coons (D-DE), Kevin Cramer (R-ND), Raphael Warnock (D-GA), Tina Smith (D-MN), and Jerry Moran (R-KS)
A recent NAR study estimates that the U.S. has developed an under building gap” of at least 5.5 million housing units over the last 20 years.This translates into a more than $4 trillion under investment in housing. Even relatively modest steps taken now to reduce this gap will unleash tremendous economic activity and create millions of new jobs.
This was a fun evening for the NAR members who volunteer, serve in leadership at the local and State associations, and advocate for our legislative issues. Ballpark fare was served, and I was able to take a few swings in the batting cages and throw a couple of pitches in the bullpen. It was great networking with the many members who have become great friends that I have met over my years in leadership.

Comments (16)

Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

I'm glad the Realtor National Block Party was well attended, Buzz.  It's important that real estate professionals keep important issues before their elected officials.

May 11, 2023 07:08 PM
Buzz Mackintosh

Myrl Jeffcoat that is the name of the game to have the elected officials ear!

May 12, 2023 05:48 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Buzz- looks like a fun time in DC. Thanks for sharing what issues were covered!!!

May 11, 2023 07:12 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

CONGRATULATIONS Buzz, on having this blog FEATURED in the Old Farts Club group!  

May 11, 2023 07:17 PM
Buzz Mackintosh

Thanks for the feature Myrl Jeffcoat !

May 12, 2023 03:32 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Buzz after two year Covid shutdown I have no desire to attend these types of functions... now let's see what the results will be, Endre

May 11, 2023 10:17 PM
Buzz Mackintosh

Endre Barath, Jr.thankfully Covid is in the rear view mirror on the east coast!

May 12, 2023 03:56 AM
Kat Palmiotti
406-270-3667,, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

I'm glad you had a great time and the block party was well attended!

May 12, 2023 04:49 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

I am glad that it was well attended and hope that it will do some good.  I don't really attend many events like that and I certainly don't have much faith in any politicians that I have met.

May 12, 2023 04:49 AM
Buzz Mackintosh

Brian England it is important to make sure our voice is heard on the issues and hold the politicians accountable at the ballot box! 

May 12, 2023 05:43 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Buzz. Talk from a politician is often untruthful and useless. Action is the measure of real intent. And once again the only thing we have is wait and see! Enjoy your day.

May 12, 2023 05:09 AM
Buzz Mackintosh

Wayne Martin  this is why it is important to understand the issues and VOTE the bad apples out!

May 12, 2023 05:46 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Hi Buzz... I could get behind most of those initiatives you mentioned in your post!

May 12, 2023 07:35 AM
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ

Buzz lots of good information came out of that Block Party.  Glad you enjoyed it AND has a chance to do a little batting too!

May 12, 2023 03:39 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Buzz:

That must have been great fun to attend. Thanks for sharing the issues that are at the forefront. Hopefully some positive actions will result to address these housing priorities.


May 12, 2023 04:53 PM
Gary Frimann, CRS, GRI, SRES
Eagle Ridge Realty / Signature Homes & Estates - Gilroy, CA
REALTOR and Broker

Great info Buzz.  Thanks for posting this.  I almost went to DC this Spring but decided against it.  Now I wish I was there.  

May 12, 2023 06:43 PM
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

The Nats are a Rebuilding Team . I’ve been to the ballpark several times and rooted for the Nats 

May 13, 2023 05:22 AM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

Good morning Buzz. Thanks for going out and representing! I don't think the public realizes what role Realtors and NAR play in looking out for their best interest when it comes to Real Estate. 

May 13, 2023 05:56 AM
Ed (Edward) Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

It is good to rad that the Block Party was so well attended and that agents across the country are letting the government know there are real concerns and more than votes at stake.

May 16, 2023 07:22 AM
Dave Halpern
Dave Halpern Real Estate Agent, Inc., Louisville, KY (502) 664-7827 - Louisville, KY
Louisville Short Sale Expert

Is it true that FHFA is overcharging those with good credit so that it can undercharge those with bad credit?

May 19, 2023 02:54 PM
Buzz Mackintosh
May 20, 2023 03:25 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC

Hi Buzz! I love seeing that sea of blue and what wonderful causes our national organization is standing behind. Each and every one are critical and can change the climate of our businesses if something is done about it. 

Thank you for participating and continuing your leadership. You are MUCH appreciated!

Jun 01, 2023 02:34 PM