Find Below My letter that I sent to My Senator and Congressman. Unfinished Business on Critical Housing Programs
Congress left town for their spring recess without completing work on two critical programs essential to recovering real estate markets – the National Flood Insurance program (NFIP) and the Section 502 Rural Housing program.
The real estate market cannot afford another setback. Urge Congress to renew NFIP and the Rural Housing 502 program today.
Send a letter to the following decision maker(s):
Your Congressperson
Your Senators
Below is the sample letter:
Subject: Renew Critical Housing Programs: NFIP and RHS
Dear [decision maker name automatically inserted here],
Congress left for recess, leaving two critical housing programs unauthorized or unfunded. On March 28, authority for the National Flood Insurance Program (NFIP) expired, and lenders have stopped accepting applications for the Section 502 rural housing program, which is expected to exhaust its commitment authority by the end of the month.
Until Congress returns and extends these programs, worthy homebuyers will be left without access to mortgages. Given the many challenges financial and real estate markets are facing, now is not the time to create another, but avoidable, obstacle to real estate transactions. Please do not let this continue.
As a Realtor, I can personally attest to these programs' importance. Since the NFIP expired, my clients are no longer able to purchase a home or commercial property in many parts of my community. They cannot buy the NFIP insurance needed to obtain a mortgage for those properties. In addition, those families and businesses with existing mortgages are not able to renew their required coverage.
Rural families in every state in the nation rely on the Section 502 single family guarantee program to allow them to repair, renovate and purchase homes, as well as prepare sites with water and sewage facilities.
Today, property owners in every state depend on these programs. Each day the Congress fails to act, thousands of real estate transactions will be delayed and homebuyers and homeowners will be left in the lurch.
Upon your return, Congress must swiftly take the necessary steps to ensure the continuation of these critical and essential insurance programs.
Sincerely,
Betty Barron
Congress left town for their spring recess without completing work on two critical programs essential to recovering real estate markets – the National Flood Insurance program (NFIP) and the Section 502 Rural Housing program.
The real estate market cannot afford another setback. Urge Congress to renew NFIP and the Rural Housing 502 program today.
Send a letter to the following decision maker(s):
Your Congressperson
Your Senators
Below is the sample letter:
Subject: Renew Critical Housing Programs: NFIP and RHS
Dear [decision maker name automatically inserted here],
Congress left for recess, leaving two critical housing programs unauthorized or unfunded. On March 28, authority for the National Flood Insurance Program (NFIP) expired, and lenders have stopped accepting applications for the Section 502 rural housing program, which is expected to exhaust its commitment authority by the end of the month.
Until Congress returns and extends these programs, worthy homebuyers will be left without access to mortgages. Given the many challenges financial and real estate markets are facing, now is not the time to create another, but avoidable, obstacle to real estate transactions. Please do not let this continue.
As a Realtor, I can personally attest to these programs' importance. Since the NFIP expired, my clients are no longer able to purchase a home or commercial property in many parts of my community. They cannot buy the NFIP insurance needed to obtain a mortgage for those properties. In addition, those families and businesses with existing mortgages are not able to renew their required coverage.
Rural families in every state in the nation rely on the Section 502 single family guarantee program to allow them to repair, renovate and purchase homes, as well as prepare sites with water and sewage facilities.
Today, property owners in every state depend on these programs. Each day the Congress fails to act, thousands of real estate transactions will be delayed and homebuyers and homeowners will be left in the lurch.
Upon your return, Congress must swiftly take the necessary steps to ensure the continuation of these critical and essential insurance programs.
Sincerely,
Betty Barron
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