The Promoting Access to Credit for Homebuyers Act was introduced this week by Sen. Bob Menendez (D-NJ) in an effort to ensure low- and middle-income homebuyers have fair access to mortgage credit during the pandemic, which has caused an unprecedented surge in forbearances.
NAR sent a comprehensive letter Monday to congressional leadership with proposals for the bill that would further stabilize the real estate market and help grow the economy.
NAR also sent a letter this week to the House Financial Services Committee asking that all Americans benefit equally from COVID-19 recovery provisions.
Working in conjunction with the National Association of Home Builders, NAR launched a new joint initiative, Home Performance Counts, to help consumers better understand the rapidly growing high-performance home marketplace—homes that prioritize comfort, durability, wellness, and affordability.
Find information on the issues, NAR’s position, and how they affect REALTORS®, homebuyers, and private property owners via the Federal Issues Tracker.