Jim will fight to protect the mortgage interest deduction and will work to ensure that any tax reforms proposed in Congress protect America’s homeowners and their most valuable asset.
Understanding that the USDA’s Rural Housing Program needs to be strengthened and made self-sustaining, Jim supported efforts to update the program to ensure rural families have access to safe, affordable mortgage financing.
Jim supports raising the current artificial cap on credit union business lending, which will provide much-needed capital to commercial property owners at no cost to the American taxpayer.
Jim supported efforts that created a limited time tax credit for homebuyers able to shoulder the responsibilities that come with owning a home.
Recognizing the need to retain the fiscal viability of the program while balancing the needs of American families, Jim supported efforts to strengthen the FHA program without posing undue burdens on borrowers, to continue to provide borrowers with safe loans at a fair price.
Jim supports reforms to the National Flood Insurance Program (NFIP) that will ensure its long-term viability.Jim recognizes that affordable flood insurance offers important protection to homeowners and communities in federally designated flood zones.
Implementation of recent appraisal rules was flawed and continues to negatively impact real estate valuations across the country. That’s why Jim will support efforts to ensure appraisals are accurate and completed without improper influence.
September 30, 2010
If real estate is your profession, then politics is your business! We need elected officials in Washington who understand our industry and our livelihoods, and are willing to stand up and protect our interests.
September 30, 2010
Jim has been a leader on REALTOR® issues as a member the Committee on Financial Services – with jurisdiction over many facets of REALTOR® public policy. Jim was an early supporter of the homebuyer tax credit and worked with NAR to consider approaches to streamline the short sales process. He was an advocate of sensible appraisal reform and providing liquidity to the commercial real estate market. Read more about Jim Gerlach.
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