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HOUSE TAX REFORM PLAN SIMPLY DOESN'T CUT IT
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NAHB is hard at work in Washington making sure that our industry and homeowners get the right deal
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By Michael Strech, President and CEO, North State BIA
As many of you know, the House recently offered up a tax reform plan, which basically does away with an important housing tax benefit by significantly reducing the number of homeowners who can take advantage of mortgage interest and property tax incentives. Furthermore, the plan calls for the capping of the mortgage
at $500,000 for new home purchases. In other words, homebuyers in
generally higher priced
markets (see California), will further see the value of the housing tax incentive diminished.
Our partners at the federal level, the National Association of Home Builders (NAHB),
have been front and center in the effort to fight against this proposal.
NAHB CEO, Jerry Howard,
has been widely quoted in several national and local publications,
warning of the dire consequences that could arise from this plan. Please take a moment to read this recent
story
featuring Mr. Howard.
Because it could impact our industry and homeowners
in such a major way, I wanted to take a moment to let you know where our efforts to fight this shortsighted proposal stand. We will continue
to keep you apprised
of any developments
. Until then, please click here to lean more about this critical issue.
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ANOTHER REGIONAL HOUSING FORECAST FOR THE BOOKS
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More than 400 BIA members recently turned out to hear what's next for the regional housing market
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Forecast Event Draws a Crowd
Moderated by our Chair, Andy Davidson, this year's panel of experts included:
Sheryl Palmer, Chairman, President, and CEO of Taylor Morrison;
Dr. Sanjay Varshney, Professor of Finance at California State University, Sacramento; and
Dr. Dean Wehrli with John Burns Real Estate Consulting.
Of course, the success of this event would not have been possible without the amazing support of our sponsors:
Champion Sponsor
Blue Mountain Construction Services
Advocate Sponsor
New Home Professionals
Patron Sponsors
LDK Ventures
vanderToolen Associates
Supporter Sponsors
2-10 Home Buyers Warranty
Folsom Ranch
Please make sure to check out the pictures and thank you to all who attended!
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SIGN UP FOR THE 2018 CHAIRMAN'S CIRCLE
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Getting involved in the Chairman's Circle will put your company front and center at all BIA events
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Join the Chairman's Circle
The Chairman's Circle is our year-long events sponsorship program that gives participants exposure and event registrations throughout the year. It allows for one stop shopping and helps manage your budget with a one-time fee. Special highlights are guaranteed spots in the golf tournaments for top two levels and the Chairman's Circle Luncheon that is attended by the Board of Directors. Levels range from $3025-$12,100. The deadline to sign up is December 1
. For more information, contact Angela Tsukiji and for additional details on Chairman's Circle sponsorship packages, click here.
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See how our advocates are fighting for you
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Sacramento Builder Developer Council Latest
The guest speaker for our November meeting was Elk Grove city councilmember Stephanie Nguyen. She discussed her professional background in workforce development, talked about opportunities for economic growth in the city, and addressed the general plan update that will take place next year.
Sierra College Bond on the Agenda for Wednesday's Placer BDC
Please join us at the BIA for the November 15
Placer Builder Developer Council meeting at 8:30 a.m. Our scheduled guest speaker is Willy Duncan, President of Sierra College. He will be discussing the Sierra College bond that will be on the June 2018 ballot. The funds will be used to update/repair existing buildings, plus the construction of new buildings on the Rocklin campus.
Lincoln CFD Update
BIA staff and a working group of members have been meeting with Lincoln city staff over the last several months to work through concerns about the costs associated with their proposed CFD. The most recent meeting last week closed the delta to $400-$500. The group has made progress since we first started meeting, and we are working with the city and their consultants to arrive at a figure that works for both the city and the development community.
Sacramento City Mello-Roos Expansion
The City of Sacramento voted to expand the use of tax-exempt financing through Mello-Roos community facilities districts to include in-tract facilities for certain projects. More information about the new policy can be found here.
Upcoming PAC Event
The BIA's PAC will be hosting one of its popular Builders & Brews events in Roseville at Hop House on November 30 from 5:30 to 8:00 p.m. Single tickets are $150 and sponsorship opportunities are available. To RSVP contact Andrew March. For more information, check out the event flyer.
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MEMBER SERVICES AND EVENTS
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See what's coming up at the North State BIA
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Register Today for the BIA Events Below
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MEMBERSHIP COUNCIL MAKES BIG APPRECIATION OUTREACH TO ALL BIA MEMBERS
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Council members contacted all BIA members!
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Lots of Calls, Lots of Appreciation!
A big thank you goes to our Membership Council for making "Thank You for Being a Member" calls last week to all of our association's members. Way to go!
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ONE OF HOMEAID'S OWN HONORED FOR HIS CHARITABLE EFFORTS
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Bryce Robicheau has been instrumental in leading the fundraising charge for HomeAid by his ongoing leadership of the Annual Trap Shoot
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Congratulations to Bryce Robicheau!
The HomeAid family is thrilled to announce that Bryce Robicheau has been named the
2017 Outstanding Volunteer Fundraiser for the Sacramento Region by the California Capital Chapter of the Association of Fundraising Professionals.
Congratulations, Bryce! And thank you for your dedication and passion in working so hard to help HomeAid fulfill
its mission.
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NSBIF IS EXCITED TO REPORT ON THE SUCCESS OF THE OUT OF SCHOOL YOUTH PROGRAM (OSY)
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Vital program is making a big difference in the lives of young people
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Exciting OSY News
In July of this year, we began enrolling our 23 youth participants and, as of November,
21 of them have found employment. The extremely short period of time it took to get this many of our youth employed is a record for the program! With just a couple students still needing employment
, we would love to have BIA members help us in meeting our 100% placement goal.
If your company is looking to hire, please contact
La Vonnia De Loach
.
Support Our Health and Hygiene Drive
Our Health and Hygiene Drive is in full swing and we are actively accepting monetary and item donations to distribute to those in need. Our goal is to put together 60 kits this year! To donate, please contact
Elizabeth Goldsmith.
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LENNAR SACRAMENTO LOSES A KEY MEMBER OF THEIR TEAM, FAMILY
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The North State BIA and HomeAid would like to offer its condolences to the family and friends of Sandy Wills
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Lennar's Earl Keith Offered These Kind Words About Sandy
"The greater Sacramento community recently lost a caring and passionate leader and volunteer, Sandy Wills. Sandy was a key member of the construction team at Lennar Sacramento and long-time volunteer at HomeAid Sacramento. He participated in many projects throughout his career and recently served as Builder Captain on a twenty-two bedroom emergency shelter at the expanding campus of St. John's Program for Real Change. His character and passion to help others rebuild their lives through dignified housing will be sorely missed.
The conviction and kindness in Sandy's heart will live on through his legacy. We wish to extend our sincere condolences to Sandy's wife Elizabeth, their two children Sabrina and Grant, friends, co-workers and all the other trades in the industry whose lives he touched.
It was an honor and privilege to know and be associated with such an exemplary individual."
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