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The Tucson Association of REALTORS® takes
a very active role in public policy and government issues affecting our
community.
For more information about the Association's public policy
efforts, please contact the Director of Government Affairs, Steve
Huffman at 382-8787 orr steve@tucsonrealtors.org
- 70% of your contributions stay in AZ
- Your contribution
ensures you can continue to do business without government regulations
carving fees and taxes out of your commissions!
- It is THE best investment you can make in your business and your
industry.
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How many of your clients can put 20% down?
Six federal
agencies including the United States Federal Reserve have been considering new
regulations that would effectively REQUIRE most new borrowers to put at least
20% down to obtain a new mortgage. These mortgages called Qualified Residential
Mortgages ( QRM ) were just a small part of the sweeping changes made to our
financial system under the Frank-Dodd Law.
The public comment period on
these changes has been extended from June 10th to August 1st of this year in
light of the numerous concerns about its potential impact on home ownership. As
many as 39% of all mortgages placed on homes in 2010 were to buyers with less
than 20% down. Millions of Americans, including many first time home buyers,
would lose their opportunity to purchase a home.
REALTORS® have led the
charge to oppose these new regulations and are starting to see signs of success.
Over 160 Representatives and 40 Senators from the U.S. Congress have signed
letters in opposition to these changes. We cannot take for granted we will win.
These new regulations may need to be repealed by Congress if they are
implemented. We need elected officials that understand this. Issues such as
this, or the repeal of the mortgage interest deduction could take home ownership
out of the American Dream forever.
How can you help to stop this?
Make your contribution today to the REALTOR® Political Action Committee (
RAPAC). These funds give us the voice and strength we need to be heard in
Washington and back home in Arizona. You cannot assume these issues will go
away. Our business will be changed for decades to come if the wrong choices are
made.
Today less than 7% of our members have made a contribution to
RAPAC. If you are not one of them, we need you today. Even a small contribution
of $30 will go a long way to stopping these changes from happening.
Please
click here to make your contribution online.
If you like you may send your check to RAPAC at the address below:
Tucson
Association of REALTORS®
2445 N. Tucson Blvd.
Tucson, Az 85716
Tucson City Council Meetings:
June 7th, 14th, 21st and 28th at 5:30pm
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Marana Council Meetings:
June 7th and 21st at 7pm
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Pima County Board of Supervisors Meetings:
June 7th and 21st at 9am
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Sahuarita Council Meetings:
June 13th and 27th at 6:30pm
Town of Oro Valley Meetings:
June 1st at 6pm
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