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February 2017 Government Affairs Update Archive

Government Affairs Update for February 24, 2017


Lawmakers introduce legislation in response to late STAR rebate checks
Several different pieces of legislation aimed at rolling back last year’s changes to the STAR Program have been introduced by majority members of both the state Senate and Assembly. One legislative proposal would return the STAR savings back to a credit as opposed to the current rebate check issued to the homeowner.  Click here to find out more about the proposed legislation. 

State Senator Bill Perkins wins special election to fill Harlem City Council seat

New York State Senator Bill Perkins of Harlem was elected to the New York City Council in a special election to replace Inez Dickens, who was elected to the state Assembly last November. This is Perkins’ second time holding this NYC Council seat. Click here for more details on this special election.  
Save the Date: NYSAR’s 2017 Lobby Day is Tuesday, May 23
NYSAR is proud to announce that the 2017 Lobby Day will take place on Tuesday, May 23 at the Hilton Albany.  Please stay tuned for more details!

Congressman Hakeem Jeffries rules out mayoral run
Last week, Rep. Hakeem Jeffries of Brooklyn said he plans to remain in Congress and not run for New York City mayor.  Challengers to incumbent Mayor Bill de Blasio include former New York City Councilmember Sal Albanese and state Senator Tony Avella, both Democrats, as well as Paul Massey, a Republican real estate developer. Click here for more information on the NYC mayoral race.

Enhanced STAR may change for seniors
In his Executive Budget, Gov. Andrew Cuomo has proposed that all seniors eligible for the Enhanced STAR Program would have to register with the state tax department rather than the local assessor for the school-tax break.  According to state officials, the measure is aimed at streamlining the complex task of determining who should receive the tax break and limit abuse of the system.  Click here for more details.

 

Government Affairs Update for February 17, 2017


NYSAR’s NYC Issues Working Group meets in New York City
On Thursday, Feb. 16, NYSAR’s NYC Issues Working Group and members from the Co-op Issues Working Group met in Lower Manhattan to discuss the updated New York City FEMA Flood Maps and the reauthorization of the National Flood Insurance Program. The meeting included a presentation from Katherine Greig, deputy director of the New York City Mayor’s Office of Recovery and Resiliency. Click here for more information on NYC flood maps.

Save the Date: NYSAR’s 2017 Lobby Day is Tuesday, May 23
NYSAR is proud to announce that the 2017 Lobby Day will take place on Tuesday, May 23 at the Hilton Albany.  Please stay tuned for more details!

NY First Home introduced in State Assembly
Last week, the NY First Home legislation (A.5616/S.4058) was introduced by Assemblymember Phil Ramos.  The bill has been reported to the Assembly Ways and Means Committee. Click here to visit the NY First Home website and to send a message to your state legislator urging their support for the NY First Home proposal.

De Blasio Calls for Additional Mansion Tax in New York City
On Feb. 13, New York City Mayor Bill de Blasio delivered his 2017 “State of the City” address. In his presentation, the mayor outlined his plan to combat homelessness, create jobs and reform the criminal justice system.  In addition, the mayor called for an additional 2.5 percent transfer tax, referred to as a “Mansion Tax”, on the transfer of real property valued at $2 million or more.  Click here for more details on the plan.

NYSAR’s legislative and political committees meet
During NYSAR’s Mid-Winter Business Meetings held in Albany, the association’s legislative and political working groups met. The REALTOR members from across New York that make up these committees took up several key legislative proposals including mandatory well testing, transfer taxes, and support for a first time homebuyer assistance program called NY First Home.  For a full slate of reports from these committees and working groups visit NYSAR.com.

Government Affairs Update for February 10, 2017


Comptroller DiNapoli unveils executive budget report
According to a report from Comptroller Tom DiNapoli regarding the governor’s proposed 2017-18 spending plan, the $162.2 billion Executive Budget includes proposals to address infrastructure needs while reducing future spending gaps, but shifts some spending off-budget. It would also expand executive authority to reshape spending and programs without legislative input. The comptroller also highlights the risk of relying on $54.3 billion in federal aid in a time of federal budget uncertainty. Click here for more details on DiNapoli’s report.  

New York State Tax and Finance Department questioned about late STAR tax checks
At a Legislative Joint-Budget Hearing last week, officials from the New York State Department of Taxation and Finance were questioned as to why tens of thousands of New York State residents have still yet to receive their STAR rebate checks. Click here for more information on this hearing.

NAR pens letter to HUD on FHA premiums
NAR has sent a letter to Department of Housing and Urban Development Secretary Designee Ben Carson asking the Federal Housing Administration (FHA) to reinstate the 25-basis-point reduction of the annual mortgage insurance premiums that would have applied to mortgages with a closing or disbursement date of Jan. 27, 2017.  Click here for more details and to view the letter.  

Report: 40 percent of 22-24-year-olds receive financial assistance from their parents for rent
A report conducted by the University of Michigan found that 40 percent of 22-24-year-olds living in metropolitan areas are receiving some form of financial assistance from their parents to help pay for their living expenses including rent.  On average, the amount of aid from parents is $3,000 annually.Click here for more details on this report.  


Government Affairs Update for February 3, 2017


NY First Home introduced in Senate
Last week, the NY First Home legislation (S.4058), which advances homeownership opportunities for first-time buyers, was introduced by Sen. Betty Little.  The bill has been issued to the Senate Housing Committee, which is chaired by Little. Last year, NY First Home passed the Senate unanimously 61-0. NYSAR is seeking introduction in the New York State Assembly.

NYSAR advances NY First Home before Assembly housing chair 
Last week, NYSAR Government Affairs staff met with Assemblyman Steven Cymbrowitz, Chair of the Assembly’s Housing Committee, to advocate for the NY First Home program. Click here to visit the NY First Home website and to send an electronic letter to your state legislator urging their support for the proposal.

NAR comments on NFIP reform principles
The National Association of REALTORS has formally weighed in with the House Financial Services Committee on principles released late last year for the reform of the National Flood Insurance Program (NFIP). The NFIP is up for reauthorization on Sept. 30 of this year, and NAR is encouraged that this is an early priority for the committee. Click here for more information.

New York City issues meeting set for Feb. 16
On Thursday,Feb. 16, the New York City Issues Working Group will be meeting to offer an opportunity for REALTOR members residing in NYC and its surrounding communities to discuss NYC-centric REALTOR issues. If you are interested in attending, please contact Scott Henderson at 518-463-0300 Ext.216 to RSVP. Learn more here.

New York State announces $4.4 million to construct and rehab 170 owner-occupied homes
New York has announced nearly $4.4 million in funds to construct, rehabilitate and improve the homes of 170 income-eligible families across the state. The funds are awarded through New York State Homes and Community Renewal's Affordable Home Ownership Development Program, administered by the Affordable Housing Corporation.  Click here for more details.
   
Save the date: NYSAR’s 2017 Lobby Day is Tuesday, May 23
NYSAR is proud to announce that the 2017 Lobby Day will take place on Tuesday, May 23, at the Hilton Albany.  Please stay tuned for more details!
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