Commercial real estate sector seeks aid from Congress

Jim Helsel, treasurer of The National Association of REALTORS (NAR) and commercial real estate specialist, recently testified before the House Committee on Financial Services advocating for Congress to get capital flowing to small businesses and to the commercial real estate market.

NAR and the New York State Commercial Association of REALTORS (NYSCAR) both strongly support the passage of legislation HR 3380, which would raise the lending limits of credit unions from 12.25 percent to 25 percent of the credit union's total assets. The bill would also extend the individual loan from a maximum of $50,000 to a maximum of $250,000.

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