Act now and tell Congress to stop the housing tax for transportation! On Thursday, October 22, the House of Representatives Transportation and Infrastructure Committee will begin consideration on a proposal that would use Fannie Mae and Freddie Mac’s credit risk guarantee fees (g-fees) to fund transportation programs, unrelated to any housing needs. Implementing an extension of the g-fee increase could also act to hinder the necessary reforms required of the housing finance system for the foreseeable future.
Read NAR’s Letter to the U.S. House of Representatives.
Read NAR’s Letter to the U.S. Senate.