Blog

Dedicated Funding Plan for Metro Receives Final Approval in Virginia

April 19, 2018

Virginia will provide $154 million a year to support the Metro transit system. On April 18th, the Virginia General Assembly approved funding for Metro through a combination of existing sources, without an increase in the grantors’ tax (“congestion relief fee”). Throughout the process of approving Metro funding, members of the Dulles Area Association of REALTORS® […]

Virginia General Assembly Wrap-Up

April 6, 2018

The 2018 Virginia General Assembly was extremely successful for the Virginia REALTORS®. VR’s Policy and Advocacy team worked hard to defend the rights of both REALTORS® and property owners. They also reviewed an impressive 213 bills, and all seven of the initiatives introduced as bills by the Virginia REALTORS® have passed. Click here to access the […]

DAAR Members Presented With Fair Housing Resolution

April 4, 2018

Members of the Dulles Area Association of REALTORS® (DAAR) advocated for a Resolution to commemorate the 50th Anniversary of the Fair Housing Act of 1968. On April 3, 2018, the Loudoun County Board of Supervisors presented the Fair Housing Resolution to DAAR President Holly Weatherwax, President-Elect Phyllis Stakem, CEO Christine Windle, and Government Affairs Manager […]

2018 Flood Insurance Rates Expected to Rise

March 28, 2018

On April 1, 2018, National Flood Insurance Program (NFIP) premium rates are set to rise an average of 8%. This increase is slightly more than last year but consistent with the annual 5-10% increases prior to the 2012 Biggert-Waters Act, which made significant reforms to the NFIP. Under 2014 Flood Insurance Affordability amendments, individual property […]

Passage of FY 2018 Spending Bill Critical Step for Affordable Housing Funding and Flood Reauthorization

March 28, 2018

The U.S. House and Senate voted Thursday to fund the federal government through September 30, 2018. The 2,232-page bill contains important provisions related to housing that REALTORS® have been fighting for, including alleviating the weakening of the Low-Income Housing Tax Credit (LIHTC) from the new tax law, extending the EB5 program, extending the National Flood […]

NAR Webinar: $1.5 Trillion Infrastructure Plan: Opportunities for You?

March 21, 2018

The Trump administration has released details on its plan to leverage $200 billion in federal funds to generate $1.3 trillion in local, state, and private investment to improve infrastructure projects around the country. What needs to happen next for this plan to be enacted? Should it be enacted, in its entirety or in part, what […]

Submit Your Ideas for DAAR’s 2019 Legislative Positions

March 21, 2018

Are you concerned about an issue that impacts the real estate industry? Do you know of a legislative or regulatory way to help address the issue? Now is the time to let us know! DAAR is developing the 2019 Legislative Positions and we’d like to hear from you! The legislative positions address both local and […]

Dedicated Funding Plan for Metro Awaits Action by the Governor

March 16, 2018

The fate of providing dedicated funding for Metro is in the hands of Governor Northam. Members of the Virginia General Assembly agreed on a $154 million plan to fund Metro without imposing any new taxes. It is important to note that this plan has not yet been approved by Governor, who has three options: sign, […]

VA Legislative Session Comes to an End – Almost

March 16, 2018

Last week the Virginia General Assembly adjourned for the year. Almost all of the bills advanced by the Virginia REALTORS® this year passed both chambers and were approved by the Governor. Topics include defining Teams, document translations, earnest money deposits, broker education, post-licensing curriculum, civil violations for non-licensed activities, POA/COA summary information, and restrictions to […]

NAR Urges Permanent Mortgage Forgiveness Debt Exclusion

March 15, 2018

The exclusion for forgiven home mortgage debt following a foreclosure, short sale or loan modification should be made permanent to provide relief to troubled borrowers and minimize the damage to families, neighborhoods and communities. That’s according to recent testimony(link is external) from the National Association of Realtors® before the U.S. House Ways and Means Subcommittee on Tax […]