1) We reaffirm the importance of sustaining mortgage interest and property tax deductibility.
2) We support investment of public and private pension funds in California residential mortgages.
3) We continue to support tax incentives for persons that provide financing to homebuyers.
4) We support borrowing from IRA or Keogh and other retirement plans for downpayment, loan
buydown and rehabilitation programs for first-time homebuyers.
5) We support the concept of "benevolent" lending which would make low-interest rate loans to
first-time homebuyers in exchange for tax credits.
6) We encourage upward adjustments to purchase price and loan limits for the state's
7) We support a redistribution of mortgage credit certificates and mortgage revenue bonds based
on the need to maintain and sustain economic growth.
8) We support increases to the federal tax exempt bond cap, which must be periodically raised so
as to expand the MCC and MRB programs.
9) We encourage Fannie Mae and Freddie Mac to continue to expand their programs promoting
10) We support the creation of a state-based investment instrument similar to GNMA's and REMIC's.
11) We continue to support the expansion of reverse annuity mortgages (RAM) programs and would
propose the establishment of a RAM insurance fund.
12) We support the expansion of the California Housing Loan and Insurance Fund (CaHLIF).
13) We encourage the development of a state-sponsored housing settlement fund which provides
assistance for loan origination and related closing costs to first-time and low and moderate
14) We encourage the establishment of a state-level mortgage credit certificate program so that
first-time homebuyers may receive a credit on their state income taxes. We endorse efforts to
widen MCC usage.
15) We support the creation and maintenance of shared appreciation programs to increase the
amount of investment capital for homebuyers.
16) We support development of low-income housing by non-profit organizations and propose the
establishment of a non-profit housing trustf und with voluntary private sector contributions.
17) We support the expansion of state and local self-help homeownership programs such as
"sweat equity" programs.
18) We strongly recommend development of programs that would provide government assistance
to first-time homebuyers which do not include restrictions such as resale price controls or
inclusionary zoning requirements.
19) We encourage greater reliance upon and community acceptance of, lower cost construction
technologies (such as modular, prefabricated housing) and design innovation.
20) We support a much higher level of government and community support to provide new and
rehabilitated housing and housing preservation. The support could include financial incentives.
21) We support significant expansion of "silent second" loan programs and opportunities.
22) Partnerships between employees and employers should be promoted. For example, the
California Housing Loan Insurance Fund should be capitalized.
23) Financial leveraging of the state and localgovernment financial resources should be promoted.
24) Community lending programs should be expanded such as the "officer next door" program.
25) Land trusts should be expanded as a vehicle for low and moderate housing.
26) We support the need to expand low downpayment mortgages for they are a key financing
element in the state's high housing cost areas.
27) We support the real estate industry efforts to form alliances with business in the construction
of new housing developments.
28) We support a substantial expansion of homeownership counseling which includes credit
counseling and promoting life skill education in our schools.
29) We encourage government to acknowledge and directly accommodate the state's and
region's housing needs.
30) We support the need to promote financing opportunities for target population groups including
31) We continue to support the development of REALTOR (association based housing programs).
32) We support diversity education in recognition of the significantly diverse population participating
in home purchases.
33) We support fiscal incentives to meet fair share housing goals.
34) We recognize the need to find the correct balance of allocation of resources between jobs and
housing for healthy economy.
35) We encourage the expansion of home warranty coverage programs. Amongst other things,
the expansion could serve as an alternative to construction defect litigation.
36) We support an increased commitment for low and moderate income housing in redevelopment
37) We support financial incentives for first-time homebuyers who complete a course designed
to reduce loan default.
38) We support adding a "housing need" evaluation component to the criteria that the California
Debt Limitation Committee (CDLAC) uses when allocating mortgage revenue and mortgage
39) We support governmental programs which provide incentives to property owners to maintain
and rehabilitate existing housing.