November was a huge month for the DARPAC (Dayton Area REALTORS® Political Action Committee) Government Affairs Committee. The month played host to the greatest display of democracy – an election. Over the summer, the DARPAC Government Affairs Committee worked diligently to screen candidates and review ballot issues in an effort to support those that would promote and protect real estate-related initiatives. Candidates received questionnaires and the committee hosted them to elaborate on their thoughts. The committee then shared their recommendations with you last month in the form of the DARPAC Candidate Voter Guide that you received in the mail.
Now that the dust has settled, we’re pleased to announce that election night was a HUGE success for DARPAC as every candidate and issue that this committee supported was victorious. 10-0!
Below are the candidates and issues that were successful. If you have any questions or comments, please contact Government Affairs Director Tyler Warner.
Senate District 5 (Northwest Montgomery, Prebble, Southern Darke Counties) – Steve Huffman
House District 40 (Northeast Montgomery County) – Phil Plummer
House District 41 (Central/Eastern Montgomery County)– Jim Butler
House District 42 –(Southern Montgomery County) Niraj Antani
House District 43 – (Northwestern Montgomery and Preble Counties) J. Todd Smith
House District 73 – (Greene County) Rick Perales
Greene County Commissioner- Dick Gould
Montgomery County Commissioner – Carolyn Rice
Montgomery County Recorder – Brandon McClain
Kettering School Levy – Issue 3 – Yes
From NAR’s “The Washington Report”:
Proposed Increase to Residential Appraisal Threshold
NAR Responds to FHFA’s Proposed Capital Rule
While NAR appreciates the FHFA’s efforts to reform the secondary mortgage market, NAR believes that the FHFA’s proposed framework could hamper the Enterprises’ ability to fulfill their public mission of supporting liquidity and broad access. In particular, the capital rule must do more to preserve the Enterprises’ countercyclical role in the market as well as to support affordable credit for a middle class and underserved homebuyers. The conservative nature of the capital framework as proposed may make this difficult.
NAR Submits Comment to the OCC on the Community Reinvestment Act
NAR commented on the need to preserve the original intent of the CRA, that being to expand access to residential mortgage credit for low and moderate-income homebuyers as well as borrowers of color. The OCC should consider allowing CRA-credit for housing counseling that can be tide directly to better homeownership outcomes. Likewise, given the dearth of housing supply for LMI borrowers, a greater emphasis should be placed on expanding the housing stock in that portion of the market along with financing those purchase. Finally, NAR emphasized the need to revisit how CRA assessment areas are defined given that FinTech has/will reduced the number of brick-and-mortar operations.