Federal Issues Committee
Hyatt Regency Hotel
Regency Room E/F
Long Beach, CA
Thursday, October 16, 2008

3:00 PM – 5:00 PM

Presiding:
J. Michael Roberts, Chair
Barbara Palmer, Vice-Chair
Anthony Agurs, Vice-Chair
Malcolm Bennett, Executive Committee Liaison
Vince Malta, NAR Committee Representative
George Mozingo, GAD Liaison

C.A.R. Staff:
Matt Roberts, Federal Governmental Affairs Manager
Jeff Keller, Public Policy Analyst

I. Opening Comments

II. Reptort of Action Items from Reporting Committees

A. Real Estate Finance
B. Taxation
C. Land Use and Environment
D. Equal Opportunity – Cultural Diversity
E. Housing Opportunity
F. Commercial Investment 

III. First Impression Issues

A. Action Items:

1.  Healthcare Policy Review
2.  Transportation Policy

B. Discussion/Reporting Items:

1. Update on the Americans with Disabilities Act 
 

IV. Taxation Issues

A. Discussion/Reporting Items:

1.   Housing and Economic Recovery Act of 2008

            a. Homebuyer Tax Credit

            b. FIRPTA

            c. Mortgage Revenue Bonds

            d. Community Development Block Grants

            e. Standard Deduction for Property Taxes              
            f. Second Home Conversion Tax Offset

2.   Tax Extenders
3.   AMT
4.   Qualified Veteran Mortgage Bonds

V. Real Estate Finance Issues

A. Discussion/Reporting Items

1. Seller Funded Down Payment Assistance Programs

2. Energy Efficient Mortgages

3. Emergency Economic Stabilization Act

4. Future of Fannie Mae and Freddie Mac

5. Housing and Economic Recovery Act of 2008

6. FHA Flipping Rule

7. Regulation Z

8. Banks in Real Estate

9. HUD RESPA Proposal

VI. Land Use & Environment Issues

A. Discussion/Reporting Items:

1. Global Warming

VII. New Business

VIII. Adjournment