REIA Update - Feb 2016 Edition

Published: Tue, 02/16/16



REIA Update Feb 2016
Anchor
Our Industry Partners





Anchor
Download your Copy today!

Watch your mailboxes for the the Winter issue of the Real Estate Journal. The quarterly publication reaches over 40,000 real estate investors nationwide and is the source of record for news & information about the real estate investing industry.  The current issue can also be found on our website at www.NationalREIA.org. If you're unsure about being on the mailing list, please contact your local REIA.
Anchor
Legislative
HUD Budget
HUD unveiled their proposed budget for FY 2017 that includes over $11 billion in new mandatory spending as well as over $48 billion in gross discretionary funding.  The budget will require Congressional support and will undoubtedly undergo many changes & twists before something is finally approved. Some takeaways:
  • $20.9 billion for the Housing Choice Voucher program
  • $10.8 billion for the Project-Based Rental Assistance program, which supports 12 months of funding for rental assistance contracts with public and private owners who maintain affordable rental housing for 1.2 million families.


2 new studies on Bedbugs were recently released
The first study focused on the genetic effectiveness of the critter's ability to develop resistance to pesticides. The second study
focuses on the correlation to ancient Egyptian Bedbugs that were found fossilized. 

Class-action lawsuits:
While lawsuits fly around normally, this one from Iowa really ups the ante: This case was settle for $2.45 million and it was certified as a class action for the residents. 

Indications that Bedbugs may be a vector for disease. 
This could actually be a game changer on a global scale as noted by Scientific American Article. Bedbugs have always been a pest, feeding on human blood, but if the testing is verified that are actually vectors for disease, they move from being classified by Health Departments (local, state, & federal) as nuisances, to vermin. The presence of vermin typically denotes a non-habitable facility for humans. The governmental oversight and impact could be substantial. Including the new rules and regulations on housing providers. 

Stay up to date:
To learn more about these and other important issues affecting the real estate investing industry, visit www.RealEstateInvestingToday.com and follow on Twitter @REI2Day.
AnchorAnchor
Benefits
New Changes to the HD Enrollment
For all online registrationsplease alert our office at homedepot@nationalreia.org. This will ensure your Gold Status upgrade for your 20% off paint discount. Please include your name and registered phone number.
OfficeDepot OfficeMax
Click here to download the 2016 SPC card to use at all OfficeDepot or OfficeMax stores.