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July 2017 Government Affairs Update Archive

Government Affairs Update for July 28, 2017

Department of State seeks to impose cease and desist in parts of Queens and Bronx counties
On Wednesday, July 26, the New York Department of State (DOS) released proposed regulations that will impose “Cease and Desist” zones in parts of Queens and Bronx counties. If adopted as proposed, real estate licensees will be prohibited from soliciting an owner of real property for the sale, lease or listing of property if that owner has filed a cease and desist notice with the Department of State.  “Solicitation” is defined in the regulation as “an attempt to purchase or rent or an attempt to obtain a listing of property for sale, for rent or for purchase,” and it shall include the use of telephones, mail, delivery service, personal contact or otherwise causing any other solicitation, oral or written. Solicitations are prohibited from being delivered to the owner, anyone at the owner’s home address or left on any vehicle or structure on the owner’s premises. Beginning Sept. 1, 2017 the DOS will begin collecting requests of property owners in the impacted communities that wish to be placed on the cease and desist list. Once the list has been compiled the DOS will publish said cease and desist list in which licensees will be prohibited from soliciting. The release date for this list has not been finalized by the DOS at this point. NYSAR will continue to analyze the proposed regulations and will provide further guidance when appropriate. The proposed regulations can be viewed here beginning on page 16. 

Call for Action: Tell Governor Cuomo to sign NY First Home into law!
NYSAR has launched a new Call for Action asking Gov. Andrew Cuomo to sign the NY First Home initiative into law. Please take action today to share the petition link on any homepages, social media, MLS login pages, etc.  Answer Calls for Action more conveniently: Simply text the word “NYREALTOR” to 30644 to receive REALTOR Party Mobile Alerts and answer important Calls for Action that help protect our industry! 

NYSAR meets with governor’s staff on NY First Home

Last week, NYSAR staff met with New York State’s Deputy Secretary for Economic Development to discuss support for NY First Home. Legislation to enact NY First Home is currently under consideration by Gov. Andrew Cuomo’s administration and would require his approval to become law.


Freddie Mac kills one-percent down payment mortgages
Freddie Mac announced this week that it is changing the requirements to its low down mortgage program and will no longer allow lenders to contribute gifts or grants to reach the 3 percent down payment requirement. Under the new guideline for Home Possible Mortgages, borrowers must place at least 3 percent down in order to receive any type of contribution from a lender. The new guidelines go into effect Nov. 1, 2017. Read more here.

Rundown of the 28 candidates for New York City mayor
Assemblywoman Nicole Malliotakis of Staten Island has emerged as the front-runner in the Republican Primary for New York City mayor to take on Democratic incumbent Bill De Blasio. There are, however, 26 additional candidates also in the mayoral race. Read more here.

Government Affairs Update for July 21, 2017

Call for Action: Tell Governor Cuomo to sign NY First Home into law!
NYSAR has launched a new Call for Action asking Gov. Andrew Cuomo to sign the NY First Home initiative into law. Please take action today to tell the governor we need this program and share the petition link on social media. This is a new petition, so you can still take action if you’ve already signed a past petition. 

NAR supports house flood insurance bill

Improvements to the House Financial Services Committee bill to strengthen and reauthorize the National Flood Insurance Program (NFIP) gained support from the National Association of REALTORS. The most recent draft of the legislation would protect homeowners form significant rate increases when flood maps change, as well as limiting increases to fees and rate hikes to policyholders seen in earlier proposals. The current NFIP expires September 30. Learn more here.

 
Property tax growth capped 1.84 percent for 2018
Property tax levy growth for local governments with fiscal years that close on Dec. 31, 2017 will be capped at 1.84 percent for the 2018 fiscal year, according to state Comptroller Thomas DiNapoli. The 2018 fiscal year will be the fifth year in a row that local governments have had their levy growth capped at less than 2 percent. Learn more here.

New York adopts regulations implementing paid family leave
Gov. Andrew Cuomo announced the adoption of the new regulations outlining the responsibilities of employers and insurance carriers in implementing the state’s Paid Family Leave program, which goes into effect January 1, 2018. Learn more here.

Answer Calls for Action more conveniently
Simply text the word “NYREALTOR” to 30644 to receive REALTOR Party Mobile Alerts and answer important Calls for Action that help protect our industry!

Government Affairs Update for July 14, 2017

Call for Action: Tell Governor Cuomo to sign NY First Home into law!
NYSAR has launched a new Call for Action asking Gov. Andrew Cuomo to sign the NY First Home initiative into law. Please take action today to tell the governor we need this program and share the petition link on social media. This is a new petition, so you can still take action if you’ve already signed a past petition. 

Candidates announce runs for 2018 Congressional races
There are four Democrats so far planning to challenge Republican Rep. Elise Stefanik in the 21st Congressional District, which stretches from Lake Ontario to Lake Champlain. Democrat Anne Messenger announced her candidacy to challenge Republican Rep. John Katko in Central New York. Four Democrats in New York’s 23rd Congressional District have also announced their candidacies to challenge Republican Rep. Tom Reed from Corning. Assemblyman Anthony Brindisi announced his candidacy last month to challenge Republican Rep. Claudia Tenney in the 22nd District. 

Former Assembly Speaker Sheldon Silver has conviction overturned
A federal appeals court overturned Silver’s corruption conviction in light of a recent Supreme Court ruling narrowing the definition of what it takes to convict a public official. Silver was sentenced last year to 12 years in prison after he was convicted of collecting $4 million in kickbacks. Prosecutors will seek a retrial. More on this story can be found here

Governor announces $400,000 for local government dissolutions and consolidations
Six towns and three villages in New York State received grants to implement shared services initiatives and to explore dissolutions and consolidations in order to reduce local taxes and streamline government operations. Grant recipients can be found here.

Government Affairs Update for July 7, 2017

Call for Action: Tell Governor Cuomo to sign NY First Home into law!
NYSAR has launched a new Call for Action asking Gov. Andrew Cuomo to sign the NY First Home initiative into law. Both houses of the state Legislature passed the bill in June, however, now we need the governor to approve it. Please take action today to tell the governor we need this program and share the petition link on social media. This is a new petition, so you can still take action if you’ve already signed a past petition. 

NYS will apply for federal aid for flood relief along Lake Ontario
Gov. Andrew Cuomo said he will seek federal disaster relief for Lake Ontario flooding. This follows recent state legislation approved at the end of June to provide state grant funds to assist homeowners, businesses and local governments damaged by the flooding. 

NAR to host webcast on latest tax reform developments 
NAR will host a webcast on Wednesday, July 12, at 2 p.m. on the latest developments in the federal tax reform debate and what reform could mean for commercial and residential real estate. To view the webcast you will need to register online. The webcast will be recorded and posted online afterwards. 
 
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