Volume 5, Issue 21: December 21, 2012
Our best wishes for a magical holiday season and a profitable new year!
DNREC Announces Public Hearing Schedule for Executive Order 36! The Delaware Department of Natural Resources and Environmental Control has announced the schedule for public hearings as part of Governor Markell's Executive Order 36. Executive Order 36 puts all agency regulations that have been implemented for over 3 1/2 years up for review. Public hearings will be held in all 3 counties during the month of January as follows:
- Monday, Jan.7, 2013, 6 p.m. at the Sussex Central High School auditorium, 26026 Patriots Way, Georgetown, DE 19947
- Monday, Jan. 14, 2013, 6 p.m., at the Delaware State University Bank of America Building, Longwood Auditorium, 1200 N. DuPont Highway, Dover, DE 19901
- Monday, Jan. 21, 2013, 6 p.m., at the Carvel State Office Building, 2d Floor Auditorium / Mezzanine Level, 820 N. French Street, Wilmington, DE 19803
Learn more about Executive Order 36 HERE.
Heads Up! DelDOT is changing the way it does planning, moving away from individual traffic studies for new development projects to "Transportation Improvement Districts". You can read about the changes HERE.
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Federal News In Case You Missed It:
Keep Urging Congress to Do No Harm! The mortgage interest deduction is vital to the stability of the American housing market and the broader economy and REALTORS® will remain vigilant in opposing any plan that modifies or excludes the deductibility of mortgage interest. That’s the message you need to send to Congress, if you haven’t yet. It just takes a few clicks at the REALTOR® Action Center in NAR's Call for Action.
Fiscal Cliff: What it Means for Real Estate: The federal government is grappling with looming tax increases and spending cuts at the end of the year unless an agreement is reached to avert the so-called fiscal cliff. NAR Chief Economist Lawrence Yun and NAR Economist Danielle Hale walk you through the tax increases and spending cuts subject to the deadline in a 9-minute video.
Online Appeals for Flood Zone Designations: The Federal Emergency Management Association (FEMA) is launching an online way for people to request a change in a property's flood zone designation. Learn about it. For more info contact Russell Riggs, 202/383-1259.
Consumers, Economists See MID Differently: NAR Chief Economist Lawrence Yun defended the mortgage interest deduction against a panel of economists in an episode earlier this week on the Diane Rehm radio show, which is distributed by NPR. Consumers calling into the show overwhelmingly supported MID as a key incentive for wealth building for the middle class. Access a summary of, and link to, the show.