NAR Congress calls for measures for hurricane relief
The association also said for other state measures, laws, would relieve the results by Hurricane
RISMEDIA, Sept. 16, 2005? The National Association of Realtors? strongly recommended that the U.S. Department of Housing and Urban Development, all vacancies their homes, including rights to the exclusion of homes and properties in Section 8 available for victims of Hurricane Katrina.
In a written statement in the minutes of U.S. Rep. Gary Miller (R-Calif.) at a hearing by the House of Representatives to the USA “Sub-Committee on Housing and opportunities, including NAR , Favored by many other state measures and laws to be of assistance to individuals and communities most affected by the hurricane.
The effects of Hurricane Katrina is a disaster unlike any ever lived in the USA? NAR said. ? The extraordinary measures are necessary to rebuild these communities and return to normality devastated the many victims of Hurricane Katrina.?
Most bills, NAR contends that apply in the event of natural disaster insurance. Among them:
? ? Flood Insurance Program increased cost of debt Authority Act of 2005 (HR 3669),? which already has the House of Representatives to the USA, a temporary increase of the National Flood Insurance Program? Authority loans to pay fees after the devastating tragedy of Hurricane Katrina.
? ? Owner availability Insurance Act (HR-846)? A federal reinsurance operations coverage available to contribute to improving the availability of homeowners? Assurance. How Louisiana, Mississippi and Alabama are trying to rebuild a program of this type can not ensure that own a house? Insurance is available and easily accessible to people want to continue living in their communities.
? “Participation in the surpluses of the resumption Protection Act (HR 2668)” can be insurance companies to create reserve funds tax advantages of dollars to pay for future claims major natural disasters. This could help protect insurance companies devastating debt, which, as it was Hurricane Katrina.
Assistance to victims to rebuild
Other measures to protect the NAR, consumers and homeowners were by the hurricane.
For example, by e-mail sleep, victims may not be able to obtain advice billing correctly creditors, let alone to pay for weeks and months to come, maybe. NAR, said should not be victims of their credit histories suffer from late payment, which can prevent obtaining funds for the reconstruction of their lives or to buy houses.
The amendment to the Fair Credit Reporting Act, creditors would be prohibited from filing default interest information with intelligence agencies during a state of emergency declared in a disaster like Hurricane Katrina.
NAR also encouraged Congress to lift sanctions for a Good Samaritan, occupation broke the requirements for housing for victims of Katrina.
Rebuilding communities
During the confrontation with long-term solutions for reconstruction after the hurricane, NAR, said the Confederation need support, promote private sector growth and development. The need for large amounts of capital for the construction of new housing is acute? NAR statement said.
As an incentive for reconstruction, NAR encouraged Congress to adopt a few bipartie bill (HR 1549), a tax credit for up to half the cost of construction or renovation of affordable housing. ? This incentive mechanism or other would be an important resource for the capital for the restoration of housing to decimate the Commons? NAR said.
Even small businesses in the three states concerned have economic support, so that they can once again able to play the central role in the region’s economy. NAR asked Congress to act quickly to programs of the Small Business Administration.
? We call attention to the revision of the criteria SBA’s [Small Business Administration] disaster assistance programs to ensure that these programs are able to meet the needs of the small business? The owners and operators of independent contractors? NAR said.
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