AHBA Weekly
December 20, 2017
CALENDAR 

HOLIDAY OFFICE CLOSURE
December 25, 26 & January 1

EXECUTIVE COMMITTEE
January 2 at 4 p.m.
AHBA office

BOARD OF DIRECTORS
January 3 at 10 a.m.
AHBA office

HOME SHOW COMMITTEE
January 4 at 12 p.m.
AHBA office

NAHB INTERNATIONAL BUILDERS' SHOW
Jan 9-11 in Orlando, FL 

MEMBERSHIP COMMITTEE
January 23 at 12 p.m.
AHBA office

ENDOWMENT BOARD
January 24 at 2 p.m.
AHBA office

EXECUTIVE COMMITTEE
January 31 at 4 p.m.
AHBA office

BOARD OF DIRECTORS
February 1 at 10 a.m.
AHBA office

ASHBA LEGISLATIVE FLY-IN
February 5-7 in Juneau, AK

To attend please call 522-3605 !

In This Issue
AHBA Wishes You a Very Merry Christmas! 
 
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2018 AHBA Events
 

Legislative Fly-In: February 5-7

Endowment Fundraiser: February 21 at TBD 

Anchorage Home Show: April 13-15 at Alaska Airlines Center

Spring Preview of Homes: April 21 & 22

Poker Tournament: May 4 at AHBA

Golf Tournament: July 19 at Anchorage Golf Course

Parade of Homes: September 8 & 9

Economic Summit: September 13 at Dena'ina Center

Parade of Homes Banquet: Date & Location TBD

Christmas Party: December 14 at 49th State Brewing Company
 

If you have any questions regarding event dates call 522-3605.
SHOEBOX PROGRAM
cartoon_santa_wave.jpg  
1,135 children will wake up on Christmas morning feeling extra joyful!! Backpacks filled with Christmas goodies are currently in transit to 36 local elementary schools. Our community is SO amazing- from donors to shoppers to backpacks stuffers and school nurses- the Shoebox Program wouldn't be possible without all of you!  
   

   
 
 
AHBA CHRISTMAS PARTY
Sponsored by Alaska USA Mortgage
 
The AHBA Christmas Party was held on Friday, December 15 at 49th State Brewing Company! It was a fun-filled evening with the Installation of the 2018 Board, awards & live entertainment by Area907.   
   
Thank you to the 2017 Board of Directors for their dedication and hard work this past year!   
 
Pictured (left to right): Eric Visser, Visser Construction; Doug Lipinski, Taylored Restoration; Brandon Snodgrass, First National Bank; Cody Hultquist, Hultquist Homes; Scott Allen, Trailboss Solutions; Jason Dial, Rain Proof Roofing; Karen Kassik-Michelsohn, Michelsohn & Daughter Construction; Pete Nolan, Alaska State Chamber of Commerce; Steve Voves, Spenard Builders Supply  
 
Not Pictured: Alex Snegirev, Alexander Homes; Kyle Mirka, Allen & Petersen; Ron Thompson, Scope Permitting & Engineering 
    
Thank you to Scott Allen, Trailboss Solutions, for serving two terms as the AHBA President (2016 & 2017). We appreciate his dedicated service to the Building Industry.   
 
Congratulations to Karen Michelsohn with Michelsohn & Daughter Construction, the 2016 Builder of the Year and the new AHBA President for 2018!  
 
Congratulations to Eric Visser with Visser Construction, he is the recipient of the 2017 Builder of the Year Award and the 2017 Participation Award! 
   
Congratulations to Traci Johnson with Spenard Builders Supply, she is the recipient of the 2017 Stan Smith Award. 
 

Congratulations to Rain Proof Roofing, they are the recipient of the AHBA Membership Award. They have been a Member Since 1969.
 
Congratulations to Clai Porter with NCP Design/Build, he is the recipient of the AHBA Membership Award. He has been a Member Since 1972.
    
 
Congratulations to Pete Nolan, Alaska State Chamber of Commerce, he is the recipient of  the 2017 Participation Award.  
 
    
 
Congratulations to Steven Kihn with Alaska USA Mortgage, he is the recipient of the 2017 Associate of the Year Award and the 2017 Sponsorship Award.    
 
Also Pictured: Jana Seda with Trailboss Solutions, the 2016 Associate of the Year.  
    
      
HOUSE PASSES TAX REFORM MEASURE  
Filed in Capitol Hill by NAHB Now on December 19, 2017 
 
 
On a 227-203 vote, the House of Representatives today approved the Tax Cuts and Jobs Act, sending the legislation to the Senate for approval.  

NAHB was at the forefront of the tax reform debate, earning earned clear victories on the real estate exception to the business interest deduction, second homes, private activity bonds, the capital gains exclusion and many other provisions.
 
"We're pleased that this bill is moving swiftly toward President Trump's desk. It's good for small business, and more importantly, it will continue to spur our nation's economic growth," said NAHB chairman Granger MacDonald.
 
The Senate will immediately begin consideration of the bill, with final passage in the Senate expect late tonight or early tomorrow.
 
The bill, which has the votes to pass the Senate, will then go to President Trump for his signature. The president is expected to sign the bill this week.
 
PILLARS OF MEMBERSHIP 

When you join your local home builders association, you also automatically became a member of the state association and NAHB. Your 3-in-1 membership means you have access to valuable resources that help you gain a competitive advantage. The five pillars of NAHB membership - knowledge, networking, expertise, advocacy and savings - form the foundation to build your future.

Knowledge



AHB's educational programs give you the tools you need to gain an edge in the industry. Programs include courses and seminars, offered by in-person and online. Plus, NAHB professional designations provide opportunities to improve your skills and advance your career. NAHB's official bookstore, BuilderBooks.com, offers members a discount on industry products and publications.
Learn more .
 
Networking


With 140,000 members from all areas of the housing industry, NAHB is a one-stop networking shop! NAHB, along with your state and local associations, provide countless ways for you to meet and build relationships with fellow professionals, future customers and suppliers. Learn more.




Expertise
NAHB members have access to expert staff advisors who can address your business questions. Our experts include distinguished economists, tax specialists, financial experts and regulatory and technical specialists. Members also benefit from economic analysis and housing research, as well as NAHB research into innovative building products and construction techniques. Learn more .
 
 

            
Advocacy
NAHB fights for our members on Capitol Hill, in your state and in the 
communities where you do business. We work hard to defeat excessive regulations and to protect your business. Our advocacy efforts include educating policymakers and the Administration, building successful coalitions, and mobilizing our grassroots on a range of issues. Learn more.
 
 

Savings


NAHB's purchasing power means big savings for you! Your NAHB membership provides you discounts on vehicles, car rentals, shipping, office supplies, computers and more. In fact, NAHB members saved $20 million in 2016 through the NAHB Member Advantage Program. Learn more




 
Posted: December 7, 2017 

The Federal Housing Administration (FHA) earlier today announced the county loan limits for its single-family mortgage programs for 2018 and issued a Mortgagee Letter that increases the minimum loan limit for low-price areas and the maximum loan limit for high-cost areas.

 

FHA currently sets the loan limit for most counties at 115 percent of the county's median home price. Mortgages that exceed the limit are not eligible for FHA insurance.

 

In addition, FHA also establishes a "floor" for low-cost areas, which it defines as counties where the median home price is 65 percent or less of the Federal Housing Finance Agency's (FHFA) conforming loan limit. Similarly, FHA also establishes a maximum loan limit for high-cost areas, where the median home price reaches or exceeds 150 percent of the conforming loan limit.

 

Last month, FHFA announced that it was increasing its conforming loan limit for 2018 to $453,100 from $424,100, a 6.8 percent increase. HUD's Mortgagee Letter increases FHA's loan limits for low-cost and high-cost areas to reflect this change. Specifically, the low-cost limit will increase to $294,515 from $275,665, and the high-cost loan limit will increase from $679,650 to $636,150. The loan limits for Alaska, Hawaii, Guam, and the Virgin Islands are set at $1,019,475 to reflect high construction costs.

 

The maximum loan limit will increase in 3,011 counties and stay the same in 223 counties. No counties will see a limit decrease. The low-cost limit will apply to 82 percent of all counties, which accounted for 46 percent of FHA's 2017 endorsements. The high-cost loan limit will apply to just over 2 percent of counties, while 15 percent of counties will have a loan limit between the floor and ceiling.

 

The new limits will apply to all loans assigned FHA case numbers on or after January 1, 2018.

FHA also increased the loan limits for its Home Equity Conversion Mortgage (HECMs), or reverse mortgage, program to $679,650 from $636,150. FHA HECM program regulations currently prohibit loan limits from varying by county, so this limit applies to all mortgages regardless of location.
 

 

The National Council of State Housing Agencies (NCSHA) is a national nonprofit, nonpartisan association that advocates on behalf of HFAs before Congress and the Administration for affordable housing resources. NCSHA represents the state HFAs and the HFAs ofthe District of Columbia, New York City, Puerto Rico, and the U.S. Virgin Islands. NCSHA's membership also includes more than 300 companies and nonprofits in the affordable housing field. Learn more at ncsha.org . 

 

 

                                      
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