Volume 6, Issue 24:  August 16, 2013

REGISTRATION IS NOW OPEN FOR THE 2013 COMPLETE COMMUNITIES SUMMIT: This year's Summit will be at the Dover Downs, Monday, November 4th from 8:00am to 3:00 pm, and will feature keynote speakers Jonathan Levine, Ph.D, Professor of Urban and Regional Planning at University of Michigan, and Paul Bishop, Ph.D, Vice President of Research, National Association of REALTORS.  To learn more about the Summit and to register, click HERE. Limited space is available so register now!

From the Delaware State Housing Authority:  The Housing Credit Certification Program is a national professional certification that sets professional competency standards for housing credit professionals involved in developing, investing in, allocating, and managing housing credit properties. Attendees who complete the training and pass the exam will be eligible to apply for the HCCP designation. The training will take place on Tuesday & Wednesday, October 1 & 2, 2013 at the Floyd I. Hudson State Service Center 501 Ogletown Road, Newark, Delaware.  For more information, please contact Paula Sims at Paula@DENAHRO.com or at (302) 738-0915.

Have you heard about The Delaware First-Time Homebuyer Tax Credit?  It entitles first-time buyers who purchase a home in Delaware as their primary residence to claim a federal income tax credit up to $2,000 each and every year as long as the homebuyer occupies the home and has the mortgage loan. Because the Delaware Tax Credit reduces federal income tax liability and increases net earnings, it can be of significant help in making homeownership more affordable.  To read more, click HERE!

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Federal News In Case You Missed It:

House Committee Passes PATH Act:  On July 24, 2013, the House Financial Services Committee passed H.R 2767, the Protecting American Taxpayers and Homeowners (PATH) Act, introduced by Rep Garrett (R-NJ). The vote of 30-27 was strongly along party lines with only two Republicans (Fitzpatrick (R-PA) and Miller (R-CA)) voting against the bill. NAR opposes this legislation which includes reforms to FHA, the GSEs, and the financial regulatory law known as the Dodd-Frank Act. NAR opposes the bill based on two major concerns: 1) We strongly oppose the end of federal guarantee for a secondary mortgage market; and 2) we strongly oppose the dramatic restructuring and targeting of FHA. The bill is not expected to come to the House floor until the fall. NAR will continue to work with Congress and explain our opposition to the legislation. (Read more)

Home Prices Pick Up Steam:  Median home prices continued to rise in 87 percent of metropolitan areas tracked by NAR in the second quarter, with the national year-over-year price showing the strongest gain in seven-and-a-half years, NAR says in its latest quarterly report. The national median home price is $203,500. 

Details Available on Obama Housing Goals:  Access a White House fact sheet supporting President Obama's remarks two weeks ago in which he called for maintaining a federal presence in the secondary mortgage market after Fannie Mae and Freddie Mac are phased out. For more info contact Charles Dawson, 202/383-7522.

RLI Adds Name to Tax Policy Coalition:  REALTORS® Land Institute joined NAR and almost two dozen other real estate organizations to urge lawmakers to do no harm to the economy as they pursue reform of the federal Tax Code.

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