The Latest on NAR's CFA | Stop the Housing Tax for Transportation

NAR CFA: Stop Congress From Taking Money From Future Homeowners

The House of Representatives Transportation and Infrastructure Committee is considering legislation to reauthorize surface transportation programs. One proposal would use Fannie Mae and Freddie Mac’s credit risk guarantee fees (g-fees) to fund transportation programs.  

Latest Update on this Call For Action

Last week, the House of Representatives voted, 354 to 72, to amend the highway bill and remove GSE Loan Guarantee Fees to pay for transportation.  Without a doubt, we’ve made this progress because your fellow REALTORS® have sent more than 170,000 emails to Congress urging them not to take money from homeowners.

BUT OUR WORK IS NOT DONE.

The bill will now go to a House-Senate Conference, which means WE REALLY NEED YOU TO TAKE ACTION!

Bottom Line

Passing a new highway bill is important and NAR supports many of the provisions in the legislation, but NAR will not support funding the highway bill through the use of G-Fee revenue. It is essential the House Bill stays in place through the Conference Committee process.

When REALTORS® act, Congress listens.

Thank you for taking action. 

Questions?

Learn more about a Guarantee Fee (g-fee) and NAR's position HERE.

Read about NAR's CFA to Stop the Housing Tax for Transportation HERE.

Find out why this is important and how many REALTORS® have taken action HERE.