The National Flood Insurance Program (NFIP) has been temporarily extended until March 23, 2018. This extension is tied in with the funding for the federal government. NOMAR, along with the National Association of REALTORS®, Louisiana REALTORS®, GNO Inc, and other partners are working hard to push for a long-term, multi-year extension.
There is a continuing chance that another government shutdown would cause a lapse in the NFIP. We will keep you informed as more information becomes available, but you can be prepared by reading this information on how a government shutdown impacts real estate.
In Washington, DC, the House and Senate have each passed their own versions of Tax Reform. Now, those bodies are meeting to do what REALTORS® do every day - negotiate. As the two sides meet for negotiations, we need to stand together as REALTORS® to encourage them to do two things:
1. Retain the current law on Mortgage Interest Deduction to maintain a total cap of $1 million on primary and secondary homes; and,
2. Retain the current law on Capital Gains Exemption of up to $250,000 for single filers and $500,000 for joint filers who lived in a primary residence for two of the previous five years.
Give back this holiday season!
NOMAR is collecting toiletries to donate to Bridge House / Grace House. The donation box is on the second floor of our Metairie Office.
NOMAR is proud to endorse Desiree Charbonnet for Mayor of New Orleans! Desiree is the best candidate for all of New Orleans, and especially for REALTORS® and their current and future clients. If you live in New Orleans, make sure you remember to vote in the November run-off for all of our REALTOR® Party Champions! Election Day is November 18 and early voting is November 3 - 11.
Click here to get a voter guide!
Visit www.nomar.org/elections for more information on endorsements, and to view sample ballots and election information for New Orleans and all other Parishes.
Put on your fuzziest slippers and join us for our second annual Northshore Bowling Tournament! This year is a pajama party theme, so put on your most stylish onesie and get ready to strut your stuff on Thursday, Nov. 16 from 1:30 – 3:30 p.m. at Tiffany Lanes in Mandeville. Team registrations are $125, and individuals are $20. Mark your calendars and register now!
We will be donating the net proceeds from this event to the Northshore Food Bank. Get into the giving spirit early and give back to your community at this great event!