Builders and remodelers who want to join in alerting Congress that it needs to act quickly to restore the flow of credit to the nation’s housing sector should mark their calendar now for the most important grassroots event of the year — the 2011 NAHB Legislative Conference — which will take place on Wednesday, March 16, in Washington, D.C.
This year’s legislative conference comes at a critical time as housing and the overall economy struggle to reach higher ground. As the housing market continues to regain its footing, a number of daunting challenges remain: the lack of credit for new housing production, a faulty appraisal process and a housing finance system in bad disrepair.
Builders are encouraged to travel to the nation’s capital and to urge their representatives and senators to:
- Support policies to alleviate the acquisition, development and construction (AD&C) credit crisis that continues to jeopardize the livelihoods of countless home builders
- Preserve current housing tax incentives
- Develop a framework to reform Fannie Mae and Freddie Mac that provides a federal backstop to enable these financial institutions to ensure a stable and adequate supply of credit to the mortgage system
The annual NAHB conference provides an ideal opportunity for association members to share their concerns on housing-related issues with lawmakers on Capitol Hill.
Especially in these challenging times, participation by NAHB members can make a huge difference as various interest groups compete to push their agendas in Washington.
A strong builder turnout on March 16 will send a powerful message to members of Congress that housing must remain a top national priority.