Blog

Are You Election Ready? In-Person Absentee Voting Available

October 3, 2018

On Tuesday, November 6th, a General Election will be held at all precincts in Loudoun County. On the ballot will be candidates for United State Senator, United States House of Representatives, two Constitutional Amendments, and two Loudoun County bond questions. Additionally, some residents will vote to fill Town Mayor or Town Council seats. To verify your […]

USDA Proposes Changes to Ease Rural Loan Eligibility Requirements

September 20, 2018

More households are expected to get Rural Housing Service (RHS) loans under a proposed rule released on August 31, 2018. The U.S. Department of Agriculture proposes changes to its single-family direct and guaranteed loan and grant programs that includes a two-tier system for determining eligibility. The rule also proposes revisions to how it calculates household […]

REALTORS® Score Big Win on Business Income Deduction

August 10, 2018

On Wednesday, August 8, 2018, the IRS published proposed rules on the 20 percent business income deduction that was created as part of last year’s tax reform law. The rules are a win for real estate because they make clear that broad limitations included in the law will not apply to real estate professionals. Under […]

Dept. of Labor’s Association Health Plan Rule Challenged in Court

August 3, 2018

As DAAR reported in June, the U.S. Department of Labor (DOL) expanded access to affordable health coverage options for America’s small businesses and their employees through Association Health Plans. Last week, twelve attorney generals (AGs) filed suit against the DOL challenging the new rule. The state AG’s include New York, Massachusetts, California, Delaware, Kentucky, Maryland, […]

Breaking News: Flood Insurance Extension Passes Overwhelmingly

July 31, 2018

In a big win for REALTORS®, the National Flood Insurance Program will continue renewing or issuing new insurance for four more months under legislation overwhelmingly passed by the U.S. Senate today. The bill, which cleared the House last week, is expected to be signed into law before midnight tonight, when the program expires. “We applaud […]

NAR Call for Action: Congress Must Reauthorize the National Flood Insurance Program

July 5, 2018

The current National Flood Insurance Program (NFIP) is set to expire on July 31st if there is no Congressional action. Without federal flood insurance, millions of home and small business owners in 22,000 communities nationwide will not be able to obtain insurance to protect their property against flooding! This will cause an estimated delay or cancellation […]

What the Association Health Plan Rule Means for REALTORS®

June 22, 2018

The U.S Department of Labor (DOL) has finalized its long-awaited Association Health Plan (AHP) rule to expand the definition of “employer” to include “working owners.” This change allows real estate professionals and other self-employed individuals to participate in association health plans. A key provision, forwarded for inclusion in the rule by NAR, will allow many REALTORS® […]

USDA Reviews Eligible Areas for Housing Loans

February 23, 2018

The U.S. Department of Agriculture’s (USDA) Rural Housing Service (RHS) provides direct and guaranteed loans to home buyers in designated rural or “rural in character” areas throughout the country. Every five years, RHS reviews localities to determine if they should remain eligible for its housing loan products. The four areas currently under review in Loudoun […]

National Flood Insurance Program Extended to March 23, 2018

February 19, 2018

On February 9, 2019, Congress extended the National Flood Insurance Program (NFIP) as part of a broader budget agreement. NAR is urging the Senate to use the time to work on comprehensive NFIP legislation that provides a 5-year reauthorization and includes meaningful reforms to strengthen the program and open the door to a private market […]

National Flood Insurance Program Extended to January 19, 2018

December 27, 2017

On December 21, 2017, Congress extended the National Flood Insurance Program (NFIP) as part of the continuing resolution to keep the government open through January 19. NAR will continue working with Congress to ensure that the NFIP does not lapse while the Senate works on its version of the 5-year reauthorization and reform measure. Read […]