If you think homeownership and property rights are the bedrock of our society, so do we. That’s why we’re fighting to protect property rights through the Realtors Political Action Committee.
Speaking Up When It Counts
HGAR takes an active role every day to protect REALTOR and Homeowner interests.
HGAR’s Government Affairs department and the HGAR leadership team protects REALTOR interests at the local, state and national level working to promote pro-REALTOR legislation and to defeat legislation that would adversely affect you and the real estate industry. Our team is constantly working to support legislation to make the housing marketplace stronger.
In addition, we participate actively in the REALTORS Political Action Committee (RPAC). The Realtors® Political Action Committee makes legislative advocacy possible. Formed in 1969, RPAC works to elect pro-Realtor® candidates at the local, state and federal levels. RPAC is supported by voluntary contributions from Realtors® across the nation. RPAC is committed to supporting candidates and issues important to your profession and your livelihood.
HGAR is proud to support RPAC, because our mission is to protect and serve homebuyers and sellers. Through RPAC, HGAR fought for STAR savings for New York State’s homeowners, a two percent tax cap, lower closing costs, and limits on flood-insurance rate increases. RPAC stopped private transfer fees on real estate transactions, defeated a state mandate on private well testing, and defeated a proposal requiring a 20 percent down payment on a home purchase.These are meaningful accomplishments that have a profound effect on homebuyers and sellers in the Hudson Valley and New York State. RPAC protects the real estate industry and for the public’s ability to own and maintain a home. HGAR and RPAC work every day to keep the American Dream of home ownership alive and well. It’s an insurance policy for you — and your clients.
How has RPAC Protected Your Business?
Here are some of the other issues that we are actively supporting:
- NY First Home (First-time home buyer savings account proposal): Support the first time home buyer savings account program which would put home ownership within reach for more first time buyers.
- Mortgage Recording and Transfer Taxes: Must not raise the mortgage recording or real estate transfer taxes which will have a negative impact on home buyers. HGAR strongly opposes a proposal by New York City Mayor Bill de Blasio and the New York State Legislature to impose a “New York City” real estate transfer tax of an additional 2.5 percent on the sale of properties valued at more than $2 million. This increase is in addition to the current “mansion tax” which imposes an additional 1 percent tax on the transfer of a home that sells for $1 million or more. Levying additional taxes on real estate will curb real estate transfers, reduce tax revenues and negatively impact our economy.
- Permanent Property Tax Cap S. 1207: Continue to support mandate relief by enacting the let New York work agenda. Extend the property tax cap which has saved 7.6 billion dollars in tax payer dollars according to the Empire Center.
- Transparency and Disclosure in Cooperative Housing: A. 7111 (Lavine) S. 4551 (Sanders) S. 2540 (Hannon) A. 3813 (Perry) Support the requiring of Co-ops to give reasons in writing to an applicant, and establish reasonable time frames for Co-op Boards to act on applications.
- Vested Rights for Property Owners: A.69 (Paulin) Support legislation that requires municipalities to maintain a consistent set of rules throughout a construction project, except in reasonable instances.
- Increase the Threshold for the Mansion Tax: A. 2194 (Buchwald) S.1962 Support the attachment of the minimum price threshold at which the Mansion Tax is triggered to the Consumer Price Index.
- Wetland Oversight: A. 6282 (Englebright) S. 1479 HGAR opposes this unnecessary legislation which would increase the state Department of Environmental Conservation’s oversight of wetlands from the current threshold of 12.4 acres or more to wetlands as small as one acre. The DEC already has authority over all wetlands determined to be of “unusual local importance,” and local municipalities have the authority to regulate wetlands. The significant expansion of the state’s regulatory authority, as proposed by this legislation, would create an unnecessary imbalance with significant negative ramifications for homebuyers, developers and the overall economic health of New York State.
View the full list of Legislative Priorities that are promoted at that Local, State and National Levels:
“Yes, I want to make an investment in real estate”
Click on Real Estate Political Action Committee (RPAC) Pledge Form Below.
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