Government Affairs Brief
Spokane Association of REALTORS® head to Olympia for Legislative Day 2020
Click here to see what legislative priorities REALTORS are addressing in the 2020 Session
2020 YEAR IN REVIEW GOVERNMENTAL AFFAIRS COMMITTEE REPORT
A review of the National, State and Local Governmental Affairs efforts in support of the Spokane Association REALTORS® and our customers
Click here to read the report
New FHA Loan Limits for 2020
As expected, the Federal Housing Administration (FHA) has raised the 2020 loan limits. The FHA floor (the lowest FHA limit) for Spokane Count is now $331,760.
For other Counties, click here.
| New Spokane County basic standard mortgage limits for FHA insured loans for 2020: | ||||||||||
| One-family | Two-family | Three-family | Four-family | |||||||
| FHA Forward | $331,760.00 | $424,800.00 | $513,450.00 | $638,100.00 | ||||||
| HECM | $765,600.00 | |||||||||
| Fannie/Freddie | $510,400.00 | $653,550.00 | $789,950.00 | $981,700.00 | ||||||
Spokane Realtors Call to Action a success
Thanks to our REALTOR® members, our recent Call for Action proved to be highly successful.
After receiving dozens of calls, letters and emails, the Spokane City Council has agreed to postpone the vote on two Landlord/Tenant measures until March 2nd. Your Spokane Association of REALTORS will now work to help the council craft better legislation.
4 of 6 SAR City of Spokane/Spokane Valley Candidates elected
Four of the endorsed candidates by the Spokane Association of REALTORS® elected to office.
- Spokane Mayor Nadine Woodward
- Spokane City Council member Lori Kinnear
- Spokane City Council member Michael Cathcart
- Spokane Valley Council member Arne Woodard
Click here to read more about our 2019 endorsements
Federal Lawmakers extend Flood Insurance at the last minute
(11/21/2019) At the last hour, Congress extended the National Flood Insurance Program (NFIP) through Dec. 20 avoiding a lapse which would’ve happened at midnight. The President also signed the bill.
The NFIP is being extended as part of the Continuing Resolution (CR) to keep the government operating while Congress works on 2020 appropriations measures over the next month.
Now that NFIP is attached to the CR, there is less chance of a lapse in December; nevertheless, NAR will keep fighting for a long-term reauthorization measure.
Spokane County Auditor outlines changes for REALTORS®
Click here
Key housing bills signed into law 2019
The 2019 Washington State legislative session may be remembered more for what didn’t pass, than for what did.