Highlights from the HBAGC
H.R. 3221, the Housing and Economic Recovery Act of 2008 - The housing stimulus bill which was approved by Congress and signed into law by President Bush is vital to address the turmoil in the financial and housing markets and to bolster the faltering economy. Senate Banking Committee Chairman Chris Dodd (D-Conn.) calls the measure “the most important piece of housing legislation in a generation” and with good reason. The landmark legislation contains several provisions to help home buyers, stop the slide in home prices, provide a lifeline to borrowers facing foreclosure and bolster market confidence in mortgage giants Fannie Mae and Freddie Mac. The key elements of the new law are a temporary first-time home buyer tax credit, FHA modernization and expansion, GSE (government-sponsored enterprise) reform, a Mortgage Revenue Bond Program and a Low Income Housing Tax Credit.
Sandy Dunn, President of NAHB, issued the following statement. “For the past year, NAHB has been in the forefront in pushing for legislation to address the turmoil in the financial and housing markets and to bolster the nation’s faltering economy. We commend Congress for working in a bipartisan fashion to provide much-needed relief to the American people.” It is hoped that this bill will restore confidence and get housing and the economy moving again.
Volunteers needed to help paint with HomeAid Chicago the morning of July 29th. Volunteers will be helping to complete painting on the kitchen renovation of a girl's emergency shelter in Schaumburg. Email Natalie at nashton@hbagc.com for details.
PLEASE NOTE: Registration and sponsorship forms for the Lake and McHenry Counties Golf Outing on August 7th should be faxed to 630-627-7580. The fax number on the form is incorrect. If you faxed a response to the number on the form, please refax as soon as possible to the correct number above. Thank you!
The Young Builders Council is hosting their annual Cubs Outing once again on Friday, August 1st. Tickets to the game are sold out but everyone is invited to attend the pre-game party at The Full Shilling, 3724 N. Clark, from 11am - 1pm. Please see the flyer for more details.
Limited spaces left for HomeAid's Fairway to Haven Golf Outing in Lake Geneva on August 5th. Join us on Lakewood Golf Course's private 18-hole course. Details online at http://www.homeaidchicago.org/
Vendor Day has been rescheduled to Tuesday, August 26th. The event will begin at 9 a.m. and run until noon at Fisher & Paykel in Elk Grove Village. More information is available on our website or from Rita Unzner (630-627-7575 x205).
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Is there an issue impeding your development? If so, chances are that it also affects others in the home building industry. Contact the Attainable Housing Alliance at 630-932-2304 and let us help you be part of the solution. Visit us on the web at www.ahabuilder.com.
Interested in obtaining a NAHB designation such as Certified Graduate Builder (CGB) or Certified Graduate Remodeler (CGR)? Visit www.learn-build.com to find a list of upcoming courses.
Do you have feedback on the HBAGC Highlights? Please contact Jennifer Gorra.