Blog
Update: Virginia General Assembly Budget and Metro Funding
February 26, 2018
Last week, the House and Senate passed a 2-year state budget plans. Negotiations will continue as the two Chambers work to pass a final budget before the end of the 2018 General Assembly Session. The Fiscal Years 2019-2020 budget will take effect July 1, 2018. There are key differences in the two plans. The House […]
Loudoun County Begins the Fiscal Year 2019 Budget Process
February 26, 2018
On February 14, 2018, Loudoun County Administrator Tim Hemstreet presented a proposed budget for Fiscal Year 2019 (FY 2019) to the Loudoun County Board of Supervisors. The budget totals $2.3 billion in appropriations for the Loudoun County government and public schools. FY 2019 begins July 1, 2018. The proposed budget is based on the equalized […]
IRS Clarifies Home Equity Loan Interest Deductibility
February 23, 2018
The Internal Revenue Service (IRS) has issued a news release (link is external) clarifying that in many cases, interest paid on home equity loans remains deductible under the new tax reform law. Many questions have arisen on this issue, as many media reports on the new tax law indicated that as of 2018, interest is no […]
DAAR Stands United with Business Community Against Racially Divisive Fliers
February 19, 2018
In response to recent fliers and messages again distributed within the community this month as reported here, the Dulles Area Association of REALTORS® signed on to a joint business community statement to take a stand against these acts and in united steadfast commitment to equality and respect for all. Read the Statement by Organizations Representing […]
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 […]
DAAR Members at the 2018 Virginia REALTORS® Economic and Advocacy Summit
February 19, 2018
Members the Dulles Area Association of REALTORS® (DAAR) joined with hundreds of REALTORS® in downtown Richmond for the 2018 Virginia REALTORS® Economic and Advocacy Summit. Eleven members from the DAAR Board of Directors and Government Affairs Committee ensured that the voice of Loudoun County REALTORS® was heard throughout the Summit. “These Summits offer a unique opportunity […]
NAR Wins Pro-Real Estate Provisions in Budget Deal
February 11, 2018
The federal budget deal signed by the President on Friday, February 9, 2018, contains a number of wins for real estate, including a temporary extension of federal flood insurance and extension of NAR-backed tax provisions that include relief from debt forgiveness, the deductibility of mortgage insurance premiums, and several energy-efficiency related provisions. Flood Insurance Extends […]
Virginia REALTORS® 2018 Legislative Agenda: the Halfway Point
February 11, 2018
We are at the hallway point in the Virginia General Assembly 2018 Session. By Tuesday, February 13th, bills passed in one chamber will “Cross Over” to the other chamber for action. All of the legislative initiatives advanced by the Virginia REALTORS® have passed (or should pass) in one chamber by Tuesday and will be heard […]
DAAR’s Leadership Discusses Metro Funding with State Lawmakers
February 5, 2018
Members the Dulles Area Association of REALTORS® (DAAR) met with members of the General Assembly and Virginia officials to voice concern about the proposals to increase taxes on Northern Virginians. DAAR, along with other REALTORS® across Northern Virginia, joined in the discussion as negotiators search for ways to provide $154 million in dedicated funding for […]
Speak Out Against Another Dulles Greenway Toll Increase!
February 2, 2018
Greenway Tolls to Rise from $4.65 to $5.65 – Oppose the Hike! For thousands of residents and businesses who use the 14-mile private Dulles Greenway in Loudoun County as a daily commuter route, the cost of using the road on has grown astronomically. Despite annual increases, there is another toll hike being requested! If approved, […]