NAR Policy Advocacy 2023 Wins
NAR is always fighting for property rights and homeownership! They had many recent policy successes in 2023, including:
Fighting Regulation that would Drive Housing Providers from the Market
Mobilizing Housing Providers - NAR informed the Federal Housing Finance Agency’s (FHFA) that its consideration of tenant demands where Fannie Mae and Freddie Mac cap rent increases on the multifamily properties they underwrite could force small housing providers out of the market, limiting housing options for consumers. NAR spearheaded a call for action of housing provider members and joined a coalition letter to emphasize the adverse impact of such a dramatic administrative action on housing providers.
Educating on Consumer Protections - NAR provided feedback to the Consumer Financial Protection Bureau and the Federal Trade Commission on tenant screening practices, emphasizing their role in supporting safe and healthy housing communities and NAR’s commitment to ensuring that members carry these out in a way that complies with all CFPB regulations and the Fair Housing Act.
Influencing Litigation - NAR, the Mortgage Bankers Association, the National Association of Homebuilders, and the National Apartment Association, filed an amicus brief in support of the Supreme Court's review of two cases challenging a New York rent control law to stop government actions that exacerbate existing housing shortages and affordability problems.
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