REALTOR® advocates are using the Congressional break during August to personally deliver this message: update tax laws, increase access to homeownership, expand the housing supply and help ensure buyers have professional representation.
This month, REALTORS® across the country and here in the Bay Area, are meeting with their Congress members, urging them to support current legislation that helps home ownership including:
- More Homes on the Market Act (H.R. 1321), which will increase the capital gains exclusion to make it possible for long-term homeowners to sell their homes without facing a massive tax bill.
- Neighborhood Homes Investment Act (S.657/H.R. 3940), which will attract private investment to build and rehabilitate owner-occupied homes.
- Revitalizing Downtowns and Main Streets Act (H.R. 9002), which will incentivize converting commercial buildings into residential and mixed use properties.
- VA Housing Loan Forever Act (H.R. 8607), which will allow certain descendants of veterans to use the VA home loan benefit.
- Yes in My Backyard (YIMBY) Act (S.1688/H.R.3507), which will help remove barriers to housing development.
- Direct Seller and Real Estate Agent Harmonization Act (H.R. 5419), which will ensure real estate agents maintain their independent contractor status.