Please note: Most of the information featured on this page is for historical purposes only. Some of the federal government assistance programs listed here have expired.

NAR’s Federal Advocacy team worked closely with Congress and the Administration to ensure the interests of REALTORS®, their families, consumers, and the entire real estate industry were protected in any federal action in response to COVID-19.

NAR was also in constant communication with industry partners to ensure there remained a united front defending the real estate industry and minimizing transaction disruptions during those very difficult times. As the actions out of Washington evolved daily, below is a list of NAR Advocacy efforts that took place during the pandemic.

Business Sustainability

Consumer Access to Credit & Market Liquidity

  • NAR sent a letter on December 4, 2020, to all members of the House and Senate, advocating for support for consumers, small businesses, and housing stability in the next pandemic relief bill, including credit reporting protections.
  • NAR and the Mortgage Bankers Association (MBA) sent a letter on September 21, 2020, to the Leaders of the House and Senate Veterans’ Affairs Committees opposing increasing funding fees associated with the Interest Rate Reduction Refinance Loans (IRRRLs), which poses higher costs for veterans.
  • NAR sent a letter to the Federal Housing Finance Agency on August 24, 2020, requesting an extension of the GSE’s forbearance purchase program, which was subsequently granted until the end of September, to ensure market liquidity.
  • NAR wrote a letter on August 3, 2020, to the Federal Housing Commissioner at HUD, requesting removal of burdens imposed on self-employed borrowers seeking an FHA mortgage through unnecessary underwriting requirements.
  • NAR sent a letter on July 30, 2020, to Representatives Van Taylor, Barr, and Lawson, thanking them for introducing the “Helping Open Properties Endeavor (HOPE) Act,” (H.R. 7809), which creates a lending facility to prevent commercial foreclosures.
  • NAR wrote a letter on July 29, 2020, to Senate Leaders thanking them for select HEALS Act provisions, while petitioning for additional clarity around forbearance impact on consumer credit.
  • NAR sent a letter on July 21, 2020, to Leaders of the House Committee on Financial Services to ensure economic recovery efforts promote Black homeownership, including incorporating alternative data in credit scoring and expanding innovative forms of financing.
  • NAR wrote a letter on July 17, 2020, to Congressional Leaders advocating for continued support for the real estate industry and urging focus on the housing security needs of Americans, increased consumer access to credit, and financial flexibility for businesses and independent contractors.
  • NAR joined a coalition letter on July 15, 2020, to Congressional Leaders requesting that the next pandemic relief package include mortgage forbearance protections.
  • NAR sent a letter on July 8, 2020, to House and Senate Financial Services and Banking Committee Leaders, advocating for forbearance and housing stability, rental assistance, eviction and credit score clarity, and housing counseling funding.
  • NAR joined a coalition letter on June 24, 2020, to HUD and the FHFA, regarding the treatment of loans closed but entered into forbearance prior to being sold to FHA or the GSE and the impact on decreased credit access and market liquidity.
  • NAR sent a letter on June 18, 2020, to the U.S. House of Representatives in support of the “Promoting Access to Credit for Homebuyers Act of 2020” (H.R. 6794) to support homebuyers’ ability to enter into forbearance and ensure there remains a market for properly underwritten loans during these uncertain times.
  • NAR wrote a letter on June 17, 2020, to the Director of the Federal Housing Finance Agency (FHFA) in appreciation of recent actions to support distressed homeowners including, the expansion of forbearance programs, extension of moratoriums on foreclosure and eviction actions, and translations of revised Mortgage Assistance Applications and scripts for servicers related to forbearance requests.
  • NAR joined a coalition letter on June 9, 2020, to the Department of Housing and Urban Development, expressing concern with the new Federal Housing Administration (FHA) indemnification policy that will limit homebuyer access to FHA-insured loans.
  • NAR signed a coalition letter on June 1, 2020, to the Chairman and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, in support of mortgage forbearance protections, among other issues.
  • NAR sent a letter on April 24, 2020, to the Federal Housing Administration (FHA), raising concerns about increased FHA premiums on homebuyers in light of higher costs already being imposed through new lender overlays due to pandemic related forbearance and default concerns.
  • NAR joined a coalition letter on April 20, 2020, to the Consumer Financial Protection Bureau (CFPB), asking for a delay of the Qualified Mortgage (QM) rulemaking and extend the temporary GSE “QM patch” to provide market stability and certainty during this ongoing national emergency.
  • NAR joined a coalition letter on April 7, 2020, to Congressional Leaders to support the millions of workers facing unemployment during the ongoing national emergency, through mortgage forbearance provisions and other emergency support measures.
  • A number of real estate mortgage companies wrote a letter on April 7, 2020, to the Treasury Department, the Federal Reserve, and the Federal Housing Finance Agency (FHFA), requesting protection against unintended consequences of mortgage forbearance requests through increased servicer liquidity.
  • NAR joined a coalition statement on April 4, 2020, directed at financial regulators advocating for a servicer liquidity facility to support homeowners and renters impacted by COVID-19 in light of the recently passed CARES Act.
  • NAR sent a letter on March 27, 2020, to the Treasury Department, the Federal Reserve, and the Federal Housing Finance Agency (FHFA), to protect against negative impacts on primary market liquidity by requesting support for the mortgage servicing industry facing an extraordinary scope of forbearance requests.

Essential Real Estate Services

  • NAR successfully worked with the Department of Homeland Security’s Cyber Infrastructure (CISA) Department to ensure residential and commercial real estate services, including settlement services, was included on the “Guidance on Essential Critical Infrastructure Workforce.” NAR continues to support state associations and industry partners to advocate to the Administration and state Governors that for certain real estate services be deemed “essential services” during emergency declarations.
    • NAR joined a coalition letter on March 26, 2020, to the National Governors Association, the U.S. Conference of Mayors, the National Conference of State Legislatures, the National Association of Counties, the Council of State Governments, and the State Government Affairs Council requesting that the financial services and housing sectors are recognized as “essential services.”
    • NAR joined a coalition letter on March 26, 2020, to the Department of Homeland Security to designate construction of single-family and multifamily housing as an “Essential Infrastructure Business.”
    • NAR joined a coalition letter on March 25, 2020, to the National Governors Association, the U.S. Conference of Mayors, and the National League of Cities advocating for real estate appraisals to be recognized as “essential services” as more state and local jurisdictions implement shelter-in-place orders.

Limited Liability Protections

  • NAR sent a letter on December 4, 2020, to all members of the House and Senate, advocating for support for consumers, small businesses, and housing stability in the next pandemic relief bill, including business liability protections.
  • NAR joined a coalition letter on July 30, 2020, to Congress urging support of the limited liability relief provisions contained in the “SAFE TO WORK Act” (S. 4317), which safeguards businesses, health care workers, nonprofits, and educational institutions from unfair lawsuits.
  • NAR wrote a letter on July 29, 2020, to Senate Leaders thanking them for select HEALS Act provisions including temporary liability protections while petitioning for additional support for real estate businesses and housing security for Americans.
  • NAR wrote a letter on July 17, 2020, to Congressional Leaders advocating for continued support for the real estate industry and urging focus on the housing security needs of Americans, increased consumer access to credit, and financial flexibility for businesses and independent contractors.
  • NAR joined a broad coalition letter on May 27, 2020, to Congressional members advocating for temporary, targeted liability relief legislation to safeguard businesses from unfair lawsuits.

Opportunity Zones

  • NAR issued a statement on June 18, 2020, to the House Committee on Ways and Means Subcommittee on Select Revenue Measures, advocating for clarity on PPP loan forgiveness and an expansion of the Opportunity Zone program to ensure the housing sector remains instrumental in supporting a recovering economy.
  • NAR signed coalition letters to the House and Senate on May 14, 2020, requesting enhancement of the Opportunity Zone tax incentives to promote capital formation and job growth during the economic recovery.
  • NAR sent a letter to the Treasury Department and the Internal Revenue Service on March 17, 2020, to include deadline relief for the working capital safe harbor for Qualified Opportunity Funds with any forthcoming package of taxpayer relief measures.

Regulatory Reform

  • NAR sent a letter on December 4, 2020, to all members of the House and Senate, advocating for support for consumers, small businesses, and housing stability in the next pandemic relief bill, including relief from comprehensive regulatory reform.
  • NAR submitted a comment on October 26, 2020, to the Department of Labor regarding the proposed rule examining independent contractor status under the Fair Labor Standards Act, advocating for minimal disruption to the real estate industry driving the economic recovery that relies on the independent contractor business model.
  • NAR wrote a letter on August 3, 2020, to the Federal Housing Commissioner at HUD, requesting removal of burdens imposed on self-employed borrowers seeking an FHA mortgage through unnecessary underwriting requirements.
  • NAR wrote a letter on July 17, 2020, to Congressional Leaders advocating for continued support for the real estate industry and urging focus on the housing security needs of Americans, increased consumer access to credit, and financial flexibility for businesses and independent contractors.
  • NAR wrote a letter on July 13, 2020, to HUD advocating for withdraw of its rule to amend the HUD interpretation of the Fair Housing Act’s disparate impact standard.
  • NAR joined a coalition letter on June 30, 2020, to the Federal Housing Finance Agency, in support of an extended period for providing feedback to the Agency’s re-proposed regulatory capital framework in light of the attention and focus on COVID-19 responses.
  • NAR signed a coalition letter on April 27, 2020,  to housing Administration officials requesting a temporary suspension of housing-related rulemakings unrelated to the COVID-19 pandemic to ensure all available resources are dedicated to managing the crisis and subsequent ramifications.
  • NAR joined a coalition letter on April 20, 2020, to the Consumer Financial Protection Bureau (CFPB), asking for a delay of the Qualified Mortgage (QM) rulemaking and extend the temporary GSE “QM patch” to provide market stability and certainty during this ongoing national emergency.

Remote Online Notarization

  • NAR wrote a letter on July 29, 2020, to Senate Leaders thanking them for select HEALS Act provisions while petitioning for additional support for real estate businesses, including remote online notarizations, and housing security for Americans.
  • NAR wrote a letter on July 17, 2020, to Congressional Leaders advocating for continued support for the real estate industry and urging focus on the housing security needs of Americans, increased consumer access to credit, and financial flexibility for businesses and independent contractors.
  • NAR supports the “Securing and Enabling Commerce Using Remote and Electronic Notarization Act of 2020” (S. 3533, H.R. 6364, the SECURE Notarization Act) that would expand access to remote online notary (RON). The legislation would also permit immediate nationwide use of RON, with minimum standards, and provide certainty for the interstate recognition of RON.
    • NAR joined a coalition letter to Congressional leaders on March 26, 2020, in support of the bipartisan legislation.
    • NAR sent a letter to House leadership and a separate letter to House Representatives on March 24, 2020, in support of the bipartisan legislation.
    • NAR sent a letter to Congressional leaders on March 20, 2020, in support of the bipartisan legislation.

Tax Benefits, 1031 Like-Kind Exchanges

  • NAR sent a letter on December 4, 2020, to all members of the House and Senate, advocating for support for consumers, small businesses, and housing stability in the next pandemic relief bill, including PPP forgiveness and tax relief.
  • NAR wrote a letter on November 18, 2020, to Chairman Clay and Ranking Member Stivers of the House Subcommittee on Housing, Community Development, and Insurance, regarding their work to help consumers evaluate the impacts of pandemic insurance proposals on commercial policyholders, insurers, and taxpayers.
  • NAR wrote a letter on August 3, 2020, to Senators Jones and Gardner, thanking them for their efforts in introducing the “American Dream Down Payment Act,” which establishes Qualified Down Payment Savings Programs, similar to 529 plans.
  • NAR wrote a letter on July 29, 2020, to Senate Leaders thanking them for select HEALS Act provisions, including increases to the Enhanced Employee Hiring and Retention Payroll Tax Credit and tax credits for employee protection expenses, among others.
  • NAR joined a coalition letter on June 22, 2020, to Senate Finance Leaders in support of the CARES Act tax provisions on net operating losses (NOLs), including carryback provisions and suspension of the limitations on excess business loss provisions.
  • NAR joined a coalition letter on June 17, 2020, to Congressional Leaders in support of bipartisan legislation that expands the Employee Retention Tax Credit (ERTC), which incentivizes businesses to keep employees on payroll while impacted by the pandemic.
  • NAR sent a letter on June 4, 2020, to the White House urging continued work to provide relief during the pandemic, including a number of provisions to help REALTORS® and real estate remain a strong force in our economy, including flexibility and expansion of financial assistance programs.
  • NAR sent a letter on May 14, 2020, to Congressional Leaders in favor of provisions benefiting independent contractors, small business owners, consumers, and the real estate industry that directly address the various challenges posed by the pandemic.
  • NAR signed a coalition letter on April 20, 2020, to the Treasury Department asking for further deadline relief on 1031 like-kind exchanges, intended to clarify confusion in the recent IRS Notice on the issue and for retroactive relief for limited investors missing previous deadlines.
  • NAR joined a coalition letter to the Treasury Department on March 23, 2020, advocating for delay of 1031 like-kind exchange deadlines to ensure liquidity in the real estate markets.
  • NAR signed a coalition letter on March 18, 2020, which encouraged Congress to provide readily accessible, unsecured credit to employers and self-employed individuals of all sizes to ensure they have the cash to pay their workers, rent, and other costs during this crisis.
  • NAR sent a letter to the Treasury Department on March 17, 2020, to provide relief for 1031 like-kind exchanges to 180-day completion deadlines in response to the delays in settlements due to title companies and others closed during the outbreak. The letter also advocates for an extension of the 45-day period for identifying possible properties as exchange candidates. Relief for this program has been provided in the past during other presidentially declared disasters.

Federal Financial Support

General Federal Funding & Nonprofit Advocacy

  • NAR wrote a letter on July 17, 2020, to Congressional Leaders advocating for continued support for the real estate industry and urging focus on the housing security needs of Americans, increased consumer access to credit, and financial flexibility for businesses and independent contractors.
  • NAR joined a coalition letter on July 7, 2020, to House Transportation, and Housing and Urban Development and Related Agencies Committee on Appropriations, in support of HUD rental and housing programs and emergency rental assistance for those impacted by the pandemic.
  • NAR signed a coalition letter on May 3, 2020, to the President and Congressional Leaders along with representative from 30 other industries through the America’s Recovery Fund Coalition, in support of a federal direct assistance fund to provide rapid liquidity to businesses impaired by the COVID-19 national emergency.
  • NAR spearheaded a coalition letter on April 3, 2020, to the Secretary of Treasury requesting direct, emergency support for 501(c)(6) organizations, such as trade and professional associations, to mitigate COVID-19 impact.
  • NAR joined a coalition letter on March 31, 2020, to the President, Secretary of Treasury, and Congressional leaders requesting increased support for the business community through a “Recovery Fund” designed to help businesses retain and rehire employees, maintain worker benefits, and meet operating expense obligations.
  • NAR joined a coalition letter on March 24, 2020,urging Congress to support all nonprofit organizations, including trade associations and chambers of commerce, which provide important resources for communities, including workforce development, education, civic events, and other support.

SBA Loan (PPP and EIDL) & Main Street Lending Programs

  • NAR sent a letter on December 4, 2020, to all members of the House and Senate, advocating for support for consumers, small businesses, and housing stability in the next pandemic relief bill, including PPP forgiveness and tax relief.
  • NAR joined a coalition letter on November 9, 2020, to Congressional Leaders urging the inclusion of financial assistance to renters and expanded PPP, while warning about the consequences of federal eviction restrictions.
  • NAR wrote a letter on July 29, 2020, to Senate Leaders thanking them for select HEALS Act provisions, including enhancements made to the PPP loan program, such as allowing 501(c)(6) organizations to be eligible, while petitioning for loans under $150 to be eligible for automatic forgiveness and for expanding the Main Street Lending Program to smaller businesses.
  • NAR wrote a letter on July 17, 2020, to Congressional Leaders advocating for continued support for the real estate industry and urging focus on the housing security needs of Americans, increased consumer access to credit, and financial flexibility for businesses and independent contractors.
  • NAR joined a coalition letter on July 15, 2020, to Congressional Leaders requesting that the next pandemic relief package expand the PPP to include all multifamily business.
  • NAR joined a broad coalition letter on July 9, 2020, to House and Senate Small Business Committee Leaders in support of the “Paycheck Protection Small Business Forgiveness Act,” (S. 4117), which provides loan forgiveness for PPP loans below $150,000.
  • NAR sent a letter on July 1, 2020, to Senators Cramer, Menendez, Sinema, and Tillis, in support of the “Paycheck Protection Small Business Forgiveness Act,” (S. 4117), which provides loan forgiveness for PPP loans below $150,000, providing needed relief for many small businesses and independent contractors.
  • NAR wrote a letter on July 1, 2020, to Representatives Wagner and Clay, in appreciation of the “Calculate PPP Forgiveness Act of 2020,” which enhances compliance with the SBA’s Paycheck Protection Program (PPP) through increased accuracy in estimates of loan forgiveness amounts for individual PPP loans.
  • NAR sent a letter on June 21, 2020, to the Federal Reserve Board of Governors advocating for expansion of the Main Street Lending Program to 501(c)(6) organizations that provide critical services to support American businesses and are vital components to the economic recovery.
  • NAR issued a statement on June 18, 2020, to the House Committee on Ways and Means Subcommittee on Select Revenue Measures, advocating for clarity on PPP loan forgiveness and an expansion of the Opportunity Zone program to ensure the housing sector remains instrumental in supporting a recovering economy.
  • NAR submitted a statement on June 17, 2020, to the House Committee on Small Business for their hearing on the Paycheck Protection Program, in recognition of their work to ensure the SBA loan programs provide crucial assistance to small businesses and independent contractors.
  • NAR issued a statement on June 10, 2020, to the Senate Small Business Committee for their hearing on “Implementation of Title I of the CARES Act,” in appreciation of the work Congress has done to protect small businesses and independent contractors and ensure that the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) remain accessible.
  • NAR sent a letter on June 4, 2020, to the White House urging continued work to provide relief during the pandemic, including a number of provisions to help REALTORS® and real estate remain a strong force in our economy, including flexibility and expansion of financial assistance programs.
  • NAR sent a letter on June 2, 2020, to the Chairman and Ranking Member of the Senate Committee on Small Business and Entrepreneurship, advocating for continued support for small business owners and independent contractors, including additional flexibility for the SBA loan programs and Federal Reserve Main Street Lending Program, and increased eligibility for 501(c)(6) organizations.
  • NAR sent a letter on May 26, 2020, to select members of the House, in support of the bipartisan “Paycheck Protection Program Flexibility Act” (H.R. 6886) that adds needed flexibility to the PPP loans, including extending the timeline to apply for and use the loans, and removing the 75 percent limit that must be used for payroll costs.
  • NAR sent a letter on May 14, 2020, to Congressional Leaders in favor of provisions benefiting independent contractors, small business owners, consumers, and the real estate industry that directly address the various challenges posed by the pandemic.
  • NAR sent a letter on May 8, 2020, to Congressional Leaders raising concerns with implementation of the Paycheck Protection Program (PPP) and uncertainty resulting for both applicants and recipients on the loan forgiveness requirements.
  • NAR joined a coalition letter on May 4, 2020, to Congressional Members advocating for all non-profit organizations to be eligible for the SBA’s Paycheck Protection Program (PPP) in the next federal COVID-19 emergency assistance legislation.
  • NAR joined a coalition letter on April 15, 2020, to Congressional Leaders to urging the inclusion of 501(c)(6) organizations for Paycheck Protection Program eligibility – organizations that provide support to sustain small businesses, independent contractors, and self-employed individuals driving the American economy.
  • NAR sent a letter on April 13, 2020, to Congressional Leaders strongly urging continued funding for both the Paycheck Protection Program (PPP) and the SBA Economic Injury Disaster Loan (EIDL) as funds have been quickly exhausted and still in need by many business owners facing financial hardships.
  • NAR joined a coalition letter on April 7, 2020, to Congressional Leaders to support the millions of workers facing unemployment during the ongoing national emergency, through eviction moratorium protections, mortgage forbearance support, and increased funding for financing for programs including the SBA PPP and the creation of a facility for mortgage servicers.
  • NAR joined a coalition letter on March 19, 2020,supporting emergency loan programs for small businesses and including forgiveness for a portions of loans related to payroll. 

Unemployment Assistance

  • NAR sent a letter on December 4, 2020, to all members of the House and Senate, advocating for support for consumers, small businesses, and housing stability in the next pandemic relief bill, including extension of new unemployment programs.
  • NAR wrote a letter on July 29, 2020, to Senate Leaders thanking them for select HEALS Act provisions, including extensions to the pandemic unemployment compensation, while petitioning for additional support for real estate businesses and housing security for Americans.
  • NAR wrote a letter on July 17, 2020, to Congressional Leaders advocating for continued support for the real estate industry and urging focus on the housing security needs of Americans, increased consumer access to credit, and financial flexibility for businesses and independent contractors.
  • NAR sent a letter on June 4, 2020, to the White House urging continued work to provide relief during the pandemic, including a number of provisions to help REALTORS® and real estate remain a strong force in our economy, including flexibility and expansion of financial assistance programs.
  • NAR sent a letter on May 14, 2020, to Congressional Leaders in favor of provisions benefiting independent contractors, small business owners, consumers, and the real estate industry that directly address the various challenges posed by the pandemic.
  • NAR sent a letter on March 20, 2020, urging Congress to support self-employed workers who lack the traditional benefits available to traditional W-2 employees.
  • NAR sent a letter on March 12, 2020, to Congressional leaders urging support for self-employed professionals and other small business owners.

Housing Security & Affordability

Fair Housing Advocacy & Housing Counseling Services

  • NAR sent a letter on September 8, 2020, to HUD regarding the homeownership disparity between white homeowners and homeowners of color being exacerbated by the pandemic and the disproportionate impact the life of loan premium requirement has on minority borrowers.
  • NAR wrote a letter on July 29, 2020, to Senate Leaders thanking them for select HEALS Act provisions, while petitioning for additional housing security support, including funding for housing counseling services. 
  • NAR sent a letter on July 21, 2020, to Leaders of the House Committee on Financial Services to ensure economic recovery efforts promote Black homeownership, including direct investments to historically-segregated and devalued neighborhoods and advancing Community Reinvestment Act (CRA) efforts to enhance servicing for nonwhite communities, among other things.
  • NAR wrote a letter on July 17, 2020, to Congressional Leaders advocating for continued support for the real estate industry and urging focus on the housing security needs of Americans, increased consumer access to credit, and financial flexibility for businesses and independent contractors.
  • NAR wrote a letter on July 13, 2020, to HUD advocating for withdraw of its rule to amend the HUD interpretation of the Fair Housing Act’s disparate impact standard.
  • NAR sent a letter on July 8, 2020, to House and Senate Financial Services and Banking Committee Leaders, advocating for forbearance and housing stability, rental assistance, eviction and credit score clarity, and housing counseling funding.
  • NAR wrote a letter on July 1, 2020, to the Leaders of the House Transportation, and Housing and Urban Development, and Related Agencies Subcommittee requesting increased funding for fair housing activities and housing counseling services to prevent the economic fallout of Covid-19 pandemic from threatening Americans’ housing situations.
  • NAR sent a letter on July 1, 2020, to Senator Menendez, in appreciation of legislation increasing investment in housing counseling services that are essential in preventing mortgage delinquencies and foreclosures that threaten housing security.
  • NAR sent a letter on May 26, 2020, to select House members in support of the “Housing Financial Literacy Act of 2019” (S. 3639), which permits first time buyers who have undergone approved housing counseling to lower their FHA mortgage insurance premiums.

Forbearance, Eviction Moratoriums, Rental Assistance

  • NAR sent a letter on December 4, 2020, to all members of the House and Senate, advocating for support for consumers, small businesses, and housing stability in the next pandemic relief bill, including rental assistance.
  • NAR joined a coalition letter on November 9, 2020, to Congressional Leaders urging the inclusion of financial assistance to renters and expanded PPP, while warning about the consequences of federal eviction restrictions.
  • NAR signed a coalition letter on October 8, 2020, to the President calling for financial support for America’s renters and housing providers in order to prevent a housing crisis.
  • NAR joined a coalition letter on October 8, 2020, to Congressional Leaders requesting immediate support for America’s renters and housing providers in light of ongoing challenges posed by eviction moratoriums.
  • NAR signed a coalition letter on September 23, 2020, to the Leaders of the Senate HELP Committee urging Congress to provide emergency rental assistance to ensure the stability of the housing market and the health of our communities.
  • NAR joined a coalition letter on September 22, 2020, to the Leaders of the House Financial Services Committee urging Congress to avoid a housing crisis by providing emergency rental assistance.
  • NAR sent a letter on September 21, 2020, to the White House, thanking them for the recent meeting to discuss the impact of the CDC eviction moratorium that has been especially problematic for small housing providers.
  • NAR issued a statement for the record on September 16, 2020, to the Senate Budget Committee urging support for emergency rental assistance to alleviate the financial strain on property owners and stop the cascading effects on local economies.
  • NAR initiated a call for action in mid-September to all members of Congress, advocating for rental assistance to be provided immediately and cosponsored an ad to further highlight the need to address the pending housing crisis while a new financial support package is negotiated.
  • NAR joined a coalition letter to Congressional Leaders on September 3, 2020, urging the creation of a rental assistance plan in response to the CDC’s federal residential eviction moratorium, which NAR also issued a statement in response.
  • NAR sent a letter to the Federal Housing Finance Agency on August 24, 2020, requesting an extension of the GSE’s forbearance purchase program, which was subsequently granted until the end of September, to ensure market liquidity.
  • NAR joined a coalition letter on August 21, 2020, to Congressional and Administrative Leaders, advocating for federal rental assistance and broader relief legislation to protect our nation’s renters, property owners, and the stability of the housing stock.
  • NAR joined a coalition letter on August 7, 2020, to the President requesting continued support for American’s housing needs through rental assistance.
  • NAR joined a coalition letter on July 31, 2020, to Congressional Leaders urging inclusion of rental assistance in the next COVID-19 emergency response legislation.
  • NAR wrote a letter on July 29, 2020, to Senate Leaders thanking them for select HEALS Act provisions, while petitioning for additional housing security support, including extended forbearance and mortgage and rental assistance.
  • NAR wrote a letter on July 17, 2020, to Congressional Leaders advocating for continued support for the real estate industry and urging focus on the housing security needs of Americans, increased consumer access to credit, and financial flexibility for businesses and independent contractors.
  • NAR joined a coalition letter on July 15, 2020, to Congressional Leaders requesting that the next pandemic relief package include emergency rental assistance, targeted eviction moratoriums, mortgage forbearance protections, and increased funding for federal programs.
  • NAR sent a letter on July 8, 2020, to House and Senate Financial Services and Banking Committee Leaders, advocating for forbearance and housing stability, rental assistance, eviction and credit score clarity, and housing counseling funding.
  • NAR joined a coalition letter on July 7, 2020, to House Transportation, and Housing and Urban Development and Related Agencies Committee on Appropriations, in support of HUD rental and housing programs and emergency rental assistance for those impacted by the pandemic.
  • NAR joined a coalition letter on June 24, 2020, to HUD and the FHFA, regarding the treatment of loans closed but entered into forbearance prior to being sold to FHA or the GSE and the impact on decreased credit access and market liquidity.
  • NAR sent a letter on June 18, 2020, to the U.S. House of Representatives in support of the “Promoting Access to Credit for Homebuyers Act of 2020” (H.R. 6794) to support homebuyers’ ability to enter into forbearance and ensure there remains a market for properly underwritten loans during these uncertain times.
  • NAR wrote a letter on June 17, 2020, to the Director of the Federal Housing Finance Agency (FHFA) in appreciation of recent actions to support distressed homeowners including, the expansion of forbearance programs, extension of moratoriums on foreclosure and eviction actions, and translations of revised Mortgage Assistance Applications and scripts for servicers related to forbearance requests.
  • NAR submitted a statement on June 10, 2020, to the House Financial Services Subcommittee on Housing, Community Development, and Insurance, for their hearing on the eviction crisis in favor of emergency rental assistance and support for housing providers.
  • NAR joined a coalition letter on June 9, 2020, to the Department of Housing and Urban Development, expressing concern with the new Federal Housing Administration (FHA) indemnification policy that will limit homebuyer access to FHA-insured loans.
  • NAR signed a coalition letter on June 1, 2020, to the Chairman and Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, in support of an emergency rental assistance program, targeted eviction moratorium protections, and enhanced financial mitigation and mortgage forbearance protections, among other issues.
  • NAR signed a coalition letter on May 15, 2020, to the Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) to clarify guidance that encourages financial institutions to work constructively with borrowers impacted by COVID-19.
  • NAR sent a letter on May 7, 2020, with the Mortgage Bankers Association in support of legislation that funds emergency mortgage and rental assistance to Americans facing financial hardships due to COVID-19.
  • NAR signed a coalition letter on May 4, 2020, to Congressional leaders supporting emergency rental assistance for Americans who have suffered a loss or reduction in income due to the pandemic.
  • NAR joined a coalition letter on May 4, 2020, to the Treasury Department, the Department of Housing and Urban Development (HUD), the Consumer Financial Protection Bureau (CFPB), and the Federal Housing Finance Agency (FHFA), supporting the creation of a comprehensive consumer-facing portal on mortgage and rental relief options made available by recent federal legislation during the national emergency.
  • NAR sent a letter on April 24, 2020, to the Federal Housing Administration (FHA), raising concerns about increased FHA premiums on homebuyers in light of higher costs already being imposed through new lender overlays due to pandemic related forbearance and default concerns.
  • NAR sent a comment letter on April 8, 2020, to the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) on the proposed Community Reinvestment Act (CRA) regulation, recommending changes to support low and moderate-income Americans and ensuring that any proposals consider the unique circumstances posed by the pandemic.
  • NAR joined a coalition letter on April 7, 2020, to Congressional Leaders to support the millions of workers facing unemployment during the ongoing national emergency, through eviction moratorium protections, mortgage forbearance support, and increased funding for financing for programs including the SBA PPP and the creation of a facility for mortgage servicers.
  • NAR joined a coalition letter to Congress on March 19, 2020, along with representatives of for-profit and non-profit owners, developers, and others involved in the provision of affordable rental housing. The letter asks for direct rental assistance for families who have income loss due to COVID-19, cautions against blanket eviction moratoriums (should be targeted to situations related to COVID-19), and requests relief for property owners in the form of mortgage or other financial obligation forbearance.

Infrastructure

Broadband Access & Infrastructure Funding

  • NAR sent a letter on December 4, 2020, to all members of the House and Senate, advocating for support for consumers, small businesses, and housing stability in the next pandemic relief bill, including access to broadband and remote online notarizations.
  • NAR wrote a letter on July 29, 2020, to Senate Leaders thanking them for select HEALS Act provisions, while petitioning for expanded broadband.
  • NAR wrote a letter on July 17, 2020, to Congressional Leaders advocating for continued support for the real estate industry and urging focus on the housing security needs of Americans, increased consumer access to credit, and financial flexibility for businesses and independent contractors.
  • NAR wrote a letter on June 30, 2020, to Senator Wicker, in support of the “Accelerating Broadband Connectivity Act,” which would support broadband buildout in underserved communities, critical for economic development during the pandemic recovery.
  • NAR sent a letter on June 26, 2020, to House Leaders in support of the “Moving Forward/INVEST in America Act,” (H.R. 2) that would ensure significant investment in surface transportation, mass transit, broadband access, and affordable housing, among other issues to create jobs and revitalize communities.
  • NAR wrote a letter on June 15, 2020, to the House Committee on Transportation and Infrastructure in support of substantial long-term transportation funding, including surface transportation, broadband, and water infrastructure that are critical to the nation’s economic health.
  • NAR sent a letter on June 4, 2020, to Representatives Clyburn (D-SC) and Upton (R-MI) in support of the bipartisan “Rural Broadband Acceleration Act (H.R. 7022) legislation that initiates immediate investment in high-speed rural broadband to help individuals work from home, children to learn, small businesses to thrive, and property values to increase.
  • NAR sent a letter on May 11, 2020, to Congressional Leaders in support of increased investment in broadband infrastructure and services so critical to Americans and businesses as virtual interactions and needs increase.

Census Advocacy

  • NAR joined a coalition letter on August 11, 2020, to Congressional Leaders to extend the reporting deadlines for the 2020 Census in any upcoming COVID relief package.
  • NAR wrote a letter on July 29, 2020, to Senate Leaders thanking them for select HEALS Act provisions, including additional funding for the Census Bureau.
  • NAR joined a coalition letter on May 14, 2020, to Congressional Appropriations leaders requesting support for the Census Bureau to ensure there are adequate resources to complete the 2020 Census.

State & Local Government Funding

  • NAR sent a letter on December 4, 2020, to all members of the House and Senate, advocating for support for consumers, small businesses, and housing stability in the next pandemic relief bill, including access to emergency funding for state and local communities.
  • NAR wrote a letter on July 29, 2020, to Senate Leaders thanking them for select HEALS Act provisions, while petitioning for additional emergency funding for state and local governments.
  • NAR wrote a letter on July 17, 2020, to Congressional Leaders advocating for continued support for the real estate industry and urging focus on the housing security needs of Americans, increased consumer access to credit, and financial flexibility for businesses and independent contractors.
  • NAR sent a letter on May 21, 2020, to Congressional Members supporting legislation that provides emergency funding to states and municipalities to help combat the economic and budgetary impact of COVID-19.

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