REAL ESTATE
Amendments
Endangered Species Act: amend to incentivize wildlife conservation on private lands, protect landowners’ rights, recover listed species, and limit reasonable and prudent measures (H.R. 1897), consideration (H. Res. 1189), H3012 [21AP]
Articles and editorials
Trump’s VA Killed a Home Loan Program. Vets Are Now Losing Their Homes Because of It, H3636–H3638 [20MY]
Bills and resolutions
Agriculture: restrict corporations, multilayered subsidiaries, pension funds, and investment funds from purchasing or leasing agricultural land (see S. 4391), S2052 [27AP] (see H.R. 8531), H3123 [27AP]
Armed Forces: amend Servicemembers Civil Relief Act to preempt any squatter’s rights established by State law regarding real property owned by members of uniformed services (see S. 4910), S3201 [24JN]
——— expand credentialed, personalized financial and housing counseling to members serving on active duty or transitioning from service (see H.R. 8056), H2675 [24MR]
——— modify treatment of nondisclosure agreements relative to privatized military housing and expand protection from retaliation against tenants of such housing (see S. 4718), S2698 [9JN] (see H.R. 9220), H4053 [9JN]
Business and industry: prevent exploitative private equity practices in health care system (see S. 3829), S577 [11FE] (see H.R. 7537), H2218 [12FE]
CFTC: authorize certain treatment of customer property during commodity broker bankruptcy (see H.R. 9717), H4544 [15JY]
Citizenship: restrict eligibility of mortgagors to citizens of U.S. relative to mortgages insured by FHA and purchase and securitization of mortgages by Fannie Mae and Freddie Mac (see H.R. 9514), H4315 [29JN]
Committee on Foreign Investment in the U.S.: provide greater jurisdiction over land purchases, impose guards against foreign adversary purchases of land near sensitive sites, and expand definition of sensitive sites (see H.R. 8700), H3341 [7MY]
——— review all foreign transactions involving real estate, businesses, critical infrastructure, or assets surrounding facilities associated with U.S. nuclear triad (see H.R. 8258), H2885 [14AP]
Conservation of energy: improve access to home energy-efficiency rebates for working families, renters, and owners of older homes (see H.R. 7197), H1349 [22JA]
Consumer Financial Protection Bureau: disapprove withdrawal of rule entitled ‘‘Application of Regulation Z’s Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest’’ (see S.J. Res. 146), S1615 [25MR] (see H.J. Res. 163), H3331 [30AP]
——— disapprove withdrawal of rule entitled ‘‘Bulletin 2015–02 re—Section 8 Housing Choice Voucher Homeownership Program’’ (see S.J. Res. 165), S1713 [13AP]
——— disapprove withdrawal of rule entitled ‘‘Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt’’ (see S.J. Res. 126), S1090 [17MR]
——— disapprove withdrawal of rule entitled ‘‘Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed’’ (see S.J. Res. 149), S1670 [26MR] (see H.J. Res. 162), H3331 [30AP]
Credit: require creditors to consider certain additional credit information when making mortgage loans (see H.R. 9380), H4126 [18JN]
Crime: ensure due process of law in civil forfeiture proceedings (see H.R. 7638), H2234 [20FE]
Dept. of Agriculture: establish pilot program for expedited qualification and approval process for direct farm ownership loans, and for guaranteed farm ownership loans serviced by Preferred Certified Lender (see H.R. 8472), H3090 [23AP]
——— reauthorize and improve relending program to resolve ownership and succession on farmland (see H.R. 7761), H2368 [3MR]
——— support prompt approval of certain loans and loan guarantees (see H.R. 7426), H2094 [9FE]
Dept. of HUD: authorize insurance of certain mortgages to finance repairs and improvements to condominium projects (see H.R. 9569), H4364 [30JN]
——— create database of eviction information, establish grant programs for eviction prevention and legal aid, and limit use of housing court-related records in consumer reports (see H.R. 8185), H2820 [2AP]
——— discount FHA single-family mortgage insurance premium payments for first-time homebuyers who complete financial literacy housing counseling program (see S. 4861), S3058 [23JN]
——— establish first-time home buyers savings match program (see H.R. 7244), H1914 [27JA]
——— expand eligibility of properties for Good Neighbor Next Door Sales Program for members of Armed Forces, firefighters, and law enforcement officials (see H.R. 7503), H2186 [11FE]
——— extend pilot program that establishes automated process for providing alternative credit rating information for mortgagors and prospective mortgagors under certain mortgages (see H.R. 8292), H2923 [15AP] (see H.R. 8318), H2958 [16AP]
——— increase certain FHA loan limits and clarify that property improvement loans may be used for construction of accessory dwelling units (see H.R. 7792), H2419 [4MR]
——— increase supply of affordable homes and expand housing options (see H.R. 9263), H4109 [11JN]
——— prohibit Community Development Block Grant funding and Federal mortgage support in municipalities that allow squatting (see H.R. 9472), H4262 [25JN]
——— provide parity relative to access to mortgage insurance for hospitals program for licensed psychiatric hospitals (see H.R. 7030), H717 [13JA]
——— recognize auditable and verifiable systems that identify Build America, Buy America Act compliant materials for new home construction (see H.R. 9194), H3991 [8JN]
——— report to Congress relative to exempting any downpayment requirement for mortgage insurance offered by FHA for first-time homebuyers who are first responders or school teachers (see H.R. 7755), H2368 [3MR]
——— require annual report to include identification of significant regulatory barriers to affordable housing (see H.R. 7597), H2228 [17FE]
——— strengthen and standardize ‘‘first look’’ protections for covered properties to ensure families and communities have priority access to foreclosed homes (see H.R. 6962), H134 [7JA]
——— strengthen and standardize ‘‘first look’’ protections for covered properties to ensure first-time homebuyers have priority access to foreclosed homes (see H.R. 7753), H2368 [3MR]
——— study feasibility and potential impacts of portable federally backed mortgage loans (see H.R. 7754), H2368 [3MR]
Dept. of Justice: prohibit large institutional investors from purchasing residential real estate (see S. 3937), S706 [26FE]
Dept. of Transportation: clarify authority of transit agencies to acquire real property interests for transit and passenger rail projects before completing National Environmental Policy Act permitting process (see S. 5080), S4231 [22JY] (see H.R. 8315), H2924 [15AP]
Dept. of Veterans Affairs: address appraisal fees for guaranteed housing loans (see S. 4218), S1668 [26MR]
——— codify processing timelines for applications for assumption of guaranteed loan and require Inspector General to conduct assessment of loan servicer compliance with such timelines (see H.R. 9379), H4125 [18JN]
——— modify maximum guaranty amount of certain guaranteed home loans (see H.R. 7141), H924 [16JA]
——— permanently extend pilot program to accept donations for facility construction or improvements and authorize acceptance of donations of construction services and targeted contributions (see S. 4815), S2893 [17JN]
——— refund fees for guaranteed housing loans for certain veterans with pending disability claims (see H.R. 7598), H2228 [17FE]
——— report quarterly to Congress on housing loans insured, guaranteed, or otherwise administered (see H.R. 7150), H947 [20JA]
Disasters: prohibit solicitation by institutional investors after major disaster (see S. 3961), S731 [2MR]
Endangered Species Act: amend to incentivize wildlife conservation on private lands, protect landowners’ rights, recover listed species, and limit reasonable and prudent measures (H.R. 1897), consideration (see H. Res. 1189), H2993 [20AP]
Federal agencies and departments: require interagency coordination to support housing industry business (see S. 4241), S1669 [26MR]
Federal-State relations: preempt State prohibitions on real estate purchases by foreign citizens (see H.R. 7053), H892 [14JA]
FEMA: provide for disclosure and sharing of certain policy and claims information under National Flood Insurance Program (see H.R. 7355), H2030 [4FE]
Financial institutions: expand homeownership access (see H.R. 7647), H2258 [23FE]
——— protect Americans from harmful effects of private equity (see H. Res. 1207), H3067 [22AP]
——— provide for interest on escrow balances (see S. 4636), S2443 [21MY]
FTC: modernize disclosure requirements, establish materiality standards and safe harbors for mortgage disclosures, simplify waiting period, and expand tolerances for annual percentage rate accuracy (see H.R. 9459), H4261 [25JN]
GAO: study and recommend definition for workforce housing (see S. 3968), S762 [3MR] (see H.R. 7504), H2186 [11FE]
Government regulations: establish requirements relative to sale of timeshares to improve acquisition transparency (see H.R. 9255), H4085 [10JN]
——— include home equity investment loan in definition of residential mortgage loan under Truth in Lending Act (see S. 4803), S2893 [17JN]
——— set restrictions on sale of single-family homes financed by Federal Government (see H.R. 7586), H2224 [13FE]
Government-sponsored enterprises: permit Freddie Mac and Fannie Mae to purchase and securitize certain residential construction loans (see H.R. 9461), H4261 [25JN]
——— specify requirements relative to ownership of certain mortgage assets for Freddie Mac and Fannie Mae (see H.R. 9460), H4261 [25JN]
GSA: protect publicly commissioned art during Federal building disposal process (see H.R. 9689), H4467 [14JY]
——— provide for temporary adjustment to prospectus thresholds for certain projects (see S. 3789), S509 [5FE]
Housing: address housing crisis through affordability provisions, improved affordable housing supply, zoning, and land use, relief for rural renters, and funding paths to homeownership (see H.R. 9540), H4363 [30JN]
——— establish pilot programs for personal property manufactured home loan purchases (see S. 4804), S2893 [17JN]
——— impose tax on purchase of single-family homes by certain large investors (see S. 3754), S419 [30JA]
——— prohibit purchase of U.S. residential real estate by foreign countries, adversaries, and entities of concern, and require divestiture of existing housing ownership (see H.R. 8906), H3627 [19MY]
——— provide transparency in short-term rental listings (see H.R. 9708), H4544 [15JY]
——— require all newly constructed, federally assisted single-family houses and town houses meet minimum standards of visitability for disabled (see S. 5125), S4266 [23JY] (see H.R. 9932), H5196 [23JY]
——— require President to declare national housing emergency and invoke Defense Production Act to incentivize residential housing production (see S. 3600), S115 [8JA]
SBA: establish program to make supplemental disaster loans to homeowner associations to repair common areas damaged by disasters and implement disaster mitigation measures (see H.R. 9159), H3909 [4JN]
SEC: prohibit certain large private funds and registered investment companies from purchasing single family homes (see H.R. 7221), H1350 [22JA]
——— prohibit certain large-scale companies from purchasing single family residences (see H.R. 7186), H1171 [21JA]
Taxation: allow business credit for gain from sale of real property for use as manufactured home community to promote resident-owned cooperatives (see S. 4613), S2416 [20MY] (see H.R. 8988), H3723 [21MY]
——— allow certain distributions from long-term qualified tuition programs for first home purchases (see H.R. 7468), H2118 [10FE]
——— allow credit against tax for qualified accessible housing expenses (see H.R. 9554), H4363 [30JN]
——— allow deduction for amounts contributed to home savings accounts (see H.R. 9480), H4262 [25JN]
——— allow distributions from qualified tuition programs for first home purchases (see H.R. 7402), H2040 [5FE]
——— allow distributions from qualified tuition programs for qualified housing expenses (see H.R. 7393), H2040 [5FE]
——— allow establishment of first-time homebuyer savings accounts (see H.R. 7422), H2094 [9FE]
——— allow establishment of homeownership savings accounts (see H.R. 8709), H3341 [7MY]
——— allow for nonrecognition of gain on real property sold for use as affordable housing (see H.R. 9870), H5175 [22JY]
——— allow refundable credit for qualified home acquisition expenses (see H.R. 8677), H3340 [7MY]
——— allow tax credit for qualified multigenerational housing expenses (see H.R. 7584), H2224 [13FE]
——— allow tax credit for qualified residence interest paid or accrued during taxable year (see H.R. 9555), H4363 [30JN]
——— create American dream accounts for purpose of setting aside tax-deferred contributions for purchase of new home (see S. 4026), S915 [9MR] (see H.R. 9895), H5195 [23JY]
——— create incentives that encourage renovation of older, existing rental properties to preserve them as affordable housing (see H.R. 9573), H4368 [2JY]
——— deny interest and depreciation deductions for certain taxpayers (see S. 3904), S650 [24FE]
——— eliminate dollar limitations on exclusion of gain from sales of principal residences (see H.R. 7034), H717 [13JA] (see H.R. 7131), H924 [16JA]
——— establish deduction for certain amounts paid for rent for primary residence (see H.R. 7768), H2368 [3MR]
——— establish first-time homebuyer refundable tax credit (see H.R. 7160), H948 [20JA]
——— establish housing affordability credit (see H.R. 7216), H1349 [22JA]
——— establish tax-advantaged homeowner savings accounts (see H.R. 7756), H2368 [3MR] (see H.R. 8221), H2829 [9AP]
——— exclude all gain from sale of principal residence or any residence which is sold to first-time homebuyer (see H.R. 7400), H2040 [5FE]
——— exclude from gross income certain proceeds of shared appreciation mortgage contracts (see H.R. 8116), H2776 [26MR]
——— exclude from gross income certain retirement plan distributions used for down payment or closing costs for principal residence (see H.R. 7185), H1171 [21JA]
——— exclude from gross income gain from conversion of property by reason of eminent domain (see H.R. 7687), H2327 [25FE]
——— exclude from gross income gains on sale of real property to first-time homebuyers by individuals who have attained age 65 (see H.R. 7051), H892 [14JA]
——— expand housing investment with mortgage revenue bonds (see H.R. 7414), H2094 [9FE]
——— expand new markets tax credit to promote investment in capital projects for low-income communities (see S. 4584), S2415 [20MY]
——— give individuals with deceased spouses same exclusion of gain from sale of principal residence as is allowed to married couples, regardless of how much time has passed since such death (see H.R. 7349), H2029 [4FE]
——— impose excise tax on acquisition of single-family residences by hedge fund taxpayers (see S. 3930), S706 [26FE]
——— impose excise tax on failure of certain hedge funds owning excess single-family residences to dispose of such residences (see H.R. 9657), H4408 [13JY]
——— impose tax on net capital gain accrued while serving as U.S. President (see H.R. 9529), H4316 [29JN]
——— modify limitation on individual deductions for certain State and local taxes and allow deduction for qualified special assessment taxes (see H.R. 7561), H2219 [12FE]
——— prohibit deduction of certain expenses for, and impose excise tax on sale of, homes owned by large investors, prohibit Federal mortgage assistance for such investors, and establish neighborhood homes tax credit (see H.R. 7138), H924 [16JA]
——— provide bonus depreciation for long-term residential rental housing (see S. 4080), S1046 [12MR] (see H.R. 8996), H3723 [21MY]
——— provide charitable deduction for contribution of use of certain property by community learning centers (see H.R. 7093), H919 [15JA]
——— provide elective exception from volume cap on tax-exempt bonds for certain exempt facility bonds for qualified residential rental projects (see H.R. 9906), H5195 [23JY]
——— provide exclusion from gross income of gain from sale of qualified farm property to qualified family members (see H.R. 8591), H3329 [30AP]
——— temporarily increase capital gains exclusion for any qualifying senior who sells principal residence during qualifying year (see H.R. 9064), H3739 [29MY]
——— treat certain spouses and surviving spouses of military veterans as veterans for exception to 3-year ownership look-back limitation for qualified mortgage bonds and mortgage credit certificates (see H.R. 9861), H5175 [22JY]
U.S. Fire Administration: establish grant program to promote wildfire resilience investments and pilot program to reduce cost burden of insurance premiums (see S. 5106), S4265 [23JY]
Decisions
Applicability of Congressional Review Act to SBA Policy and Procedural Notices Updating Citizenship and Residency Requirements for 7(a) and 504 Loans: Edda Emmanuelli Perez, GAO, S3929–S3931 [14JY]
Motions
Consumer Financial Protection Bureau: disapprove withdrawal of rule entitled ‘‘Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt’’ (S.J. Res. 126), S2269 [13MY]
——— disapprove withdrawal of rule entitled ‘‘Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed’’ (S.J. Res. 149), S2267 [13MY]
Proclamations
Tribute to TRAC Development Group Co.: Representative Van Duyne, E348 [21AP]
Remarks in House
BIA: process and complete all mortgage packages associated with residential and business mortgages on Indian land by certain deadlines (S. 723), H2359–H2362 [3MR]
Bronx, NY: tribute to Co-op City housing development building association leaders, H4059 [10JN], H4101 [11JN]
Bureau of the Census and Dept. of HUD: conduct study and submit report about how Federal agencies identify and record cases of housing loss in U.S. (H.R. 3988), H3081 [23AP]
Buxton, NC: impact of coastal erosion, H2928 [16AP]
Dept. of Agriculture: permit assumption of loans under Doug Bereuter Section 502 Single Family Housing Loan Guarantee Program (H.R. 5728), H144 [8JA]
——— prohibit purchase of agricultural land by foreign adversaries and state sponsors of terrorism, H3301, H3302 [30AP]
Dept. of HUD: update definition of manufactured home, H2073 [9FE]
Dept. of Veterans Affairs: impact of Veterans Affairs Servicing Purchase Program cancellation, H3702, H3705 [21MY]
Economy: national objectives priority assignments, H2083, H2085 [9FE]
Endangered Species Act: amend to incentivize wildlife conservation on private lands, protect landowners’ rights, recover listed species, and limit reasonable and prudent measures (H.R. 1897), consideration (H. Res. 1189), H3006–H3013 [21AP], H3050 [22AP]
GSA: report to Congress on state of Public Building Service real estate portfolio (H.R. 6480), H2648, H2649 [24MR]
Miami, FL: tribute to Homestead Commerce Park, E509 [2JN]
Minervini, Ray: Traverse Connect, Inc., Distinguished Service Award recipient, E438 [13MY]
Neighborhood Partnership Services, Inc.: anniversary, E647 [2JY]
Taxation: allow credit against tax for qualified accessible housing expenses (H.R. 9554), H4413 [14JY]
——— allow tax credit for qualified residence interest paid or accrued during taxable year (H.R. 9555), H4413 [14JY]
——— deny interest and depreciation deductions for taxpayers owning more than certain number of single family properties (H.R. 4352), H724 [14JA]
——— eliminate dollar limitations on exclusion of gain from sales of principal residences (H.R. 4327), H1157 [21JA]
——— provide tax credits for conversion of commercial buildings to residential units and for support and technical assistance to housing agencies to identify and advance certain housing conversion opportunities (H.R. 537), H2451 [5MR]
Trump, President: evaluation of administration relative to housing policy, H4254–H4257 [25JN]
United Property Management (business): anniversary, E285 [27MR]
Wahkiakum County, WA: impact of land acquisition by German royal family and subsequent loss of public access to outdoor spaces, H2890 [15AP]
Remarks in Senate
Budget: establish deficit-neutral reserve fund relative to impacts of hedge fund ownership of single-family homes and rent prices, S1915 [22AP]
Climate: call for legislative action addressing climate change to be based on proven causation rather than computer projections and models, S3051 [23JN]
——— effects of climate change, S457 [3FE], S1892 [22AP]
——— effects of climate change on home insurance premiums, S1471 [21MR], S3050 [23JN]
——— recognize that climate change poses threat to mortgage market and to home values (S. Res. 555), S3050–S3052 [23JN]
——— recognize that climate change poses threat to mortgage market and to home values (S. Res. 555), unanimous-consent request, S3051 [23JN]
——— recognize that Florida’s insurance market is gravely stressed by climate risks (S. Res. 556), S4101, S4102 [15JY]
——— recognize that Florida’s insurance market is gravely stressed by climate risks (S. Res. 556), unanimous-consent request, S4102 [15JY]
Consumer Financial Protection Bureau: disapprove withdrawal of rule entitled ‘‘Fair Debt Collection Practices Act (Regulation F); Time-Barred Debt’’ (S.J. Res. 126), motion to proceed, S2269 [13MY]
——— disapprove withdrawal of rule entitled ‘‘Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed’’ (S.J. Res. 149), S2253, S2263 [13MY]
——— disapprove withdrawal of rule entitled ‘‘Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed’’ (S.J. Res. 149), motion to proceed, S2267 [13MY]
Dept. of HUD: prohibit large institutional investors from purchasing residential real estate, S911 [9MR]
——— update definition of manufactured home, S720 [2MR]
Dubuque, IA: tribute to Gronen (business), S2933 [18JN]
GAO: study and recommend definition for workforce housing, S2804 [16JN]
Green Real Estate & Auction Co.: tribute, S2233 [12MY]
Housing: impose tax on purchase of single-family homes by certain large investors (S. 3754), S420 [30JA]
——— reform local zoning laws and regulations to facilitate new home construction and increase housing supply, S153–S155 [13JA]
——— require President to declare national housing emergency and invoke Defense Production Act to incentivize residential housing production, S229 [15JA]
Immigration: economic impact of illegal immigration, S2514 [3JN]
Taxation: deny interest and depreciation deductions for certain taxpayers (S. 3904), S653 [24FE]
Reports filed
Consideration of H.R. 1897, Endangered Species Act Amendments To Incentivize Wildlife Conservation, Protect Landowners’ Rights, Recover Species, and Limit Reasonable Measures: Committee on Rules (House) (H. Res. 1189) (H. Rept. 119–618), H2993 [20AP]
Endangered Species Act Amendments: Committee on Natural Resources (House) (H.R. 1897) (H. Rept. 119–568), H2674 [24MR]
GSA Report to Congress on State of Public Building Service Real Estate Portfolio: Committee on Transportation and Infrastructure (House) (H.R. 6480) (H. Rept. 119–545), H2529 [16MR]
Respect State Housing Laws Act: Committee on Financial Services (House) (H.R. 1078) (H. Rept. 119–521), H2325 [25FE]
Tribal Trust Land Homeownership Act: Committee on Natural Resources (House) (H.R. 2130) (H. Rept. 119–513), H2257 [23FE]
Texts of
H. Res. 1189, consideration of H.R. 1897, amend Endangered Species Act to incentivize wildlife conservation on private lands, protect landowners’ rights, recover listed species, and limit reasonable and prudent measures, H3007 [21AP]
H.R. 6480, report to Congress on state of GSA Public Building Service real estate portfolio, H2648 [24MR]
S. 723, Tribal Trust Land Homeownership Act, H2359–H2361 [3MR]
S.J. Res. 149, disapprove withdrawal of Consumer Financial Protection Bureau rule entitled ‘‘Truth in Lending (Regulation Z); Consumer Protections for Home Sales Financed Under Contracts for Deed’’, S1673 [26MR]