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House GOP Tax Plan Would Impact Key Housing Tax Provisions


Tax form 1040 with US dollars 

House Speaker Paul Ryan and Ways and Means Committee Chairman Kevin Brady today unveiled the tax policy plank of a six-part House GOP policy agenda that would overhaul the tax code and affect important housing tax provisions.

Responding to the plan in an official statement, NAHB Chairman Ed Brady acknowledged the House GOP leadership for attempting to set a bold vision, but cited major concerns regarding key housing tax provisions. He pledged to work with Congress to ensure that any tax reform efforts recognize that housing is a key driver to ongoing economic growth.

Here is Brady’s full statement:

“If the goal of the blueprint is to grow the economy and incentivize investment, then the biggest investment most Americans make, the purchase a home, should be reflected in our nation’s tax priorities. Although the plan attempts to set a bold vision, the blueprint makes fundamental structural changes to the tax system that will dramatically reduce the number of itemizers, effectively eliminating the value of the mortgage interest deduction for middle-class Americans.

“Equally troubling, the plan fails to see the need to maintain one of the nation’s most successful anti-poverty programs, the Low Income Housing Tax Credit. Moreover, it fails to address the fate of two other vital housing tax incentives: like-kind exchanges and the capital gains exclusion for the sale of a home.

“Many in Congress have looked back to the tax reform efforts in 1986 as a guide forward for today. And there are some important lessons to remember from that experience. First, it is possible to achieve those low rates and maintain strong incentives for housing. But we also saw for commercial and multifamily real estate the perils of significant tax policy changes. Most economists agree that the changes in the 1986 Act led to a crisis in commercial and multifamily real estate. How housing is dealt with in tax reform will shape the economy moving forward.  Housing can be a key engine of job growth that this country needs.

“NAHB believes that lower rates, simplification, and a fair system will spur economic growth and increase competitiveness. And that’s good for housing, because housing not only equals jobs, but jobs means more demand for housing. To foster that virtuous cycle for economic growth, we believe strongly that Congress must look upon changing the homeownership tax incentives with caution. All it takes is a 1% decline nationwide in home prices to wipe out $220 billion in household wealth, and we have all experienced first-hand the damaging economic effects of falling home prices during the Great Recession.

“Though Speaker Paul Ryan and Ways and Means Committee Chairman Kevin Brady have put forth a GOP tax reform blueprint aimed at putting economic growth at the forefront of the agenda, the plan ignores the importance of housing as a primary source of wealth, security and social stability. We look forward to working with Congress to ensure the next generation tax code recognizes that housing is a key driver to economic recovery and ongoing economic growth.”

Will Brexit Spur a Financial Crisis?

Politic relationship between Europe Union and Great Britain. Brexit

The impacts of Brexit – the United Kingdom’s recent departure from the European Union – have been felt in countries and industries worldwide.

Uncertainty abounds regarding the gravity of the move, generating countless questions about the financial, economic and political implications.

In a recent EyeOnHousing article, NAHB Chief Economist Robert Dietz explains several possible effects of the U.K. shakeout, including how it may influence home building activity in the United States as well as the United Kingdom.

Some of the common concerns Dietz addresses include:

  • How close are we to a financial crisis?
  • Will prices drop on imported building materials?
  • Is the Federal Reserve now less likely to raise rates in July?
  • What will be the short- and long-term impacts on the stock markets?

Read more here. 




Debra Young To Speak at the Southeast Building Conference (SEBC)

Debra Young has been invited to reprise her 2016 IBS educational session, ‘Think Your Buyers are Too Young for Universal Design? Think Again!’ at the Southeast Building Conference (SEBC).   Here is the conference link for more information:


Debra Young M.Ed., OTR/L, SCEM, ATP, CAPS
Occupational Therapist Specialty Certified in Environmental Modifications (SCEM)
RESNA Certified Assistive Technology Professional (ATP)
NAHB Certified Aging-in-Place Specialist (CAPS)
2013 NAHB CAPS of the Year
2014 Recipient of the AOTA Recognition of Achievement Award
2015–2018 Director to the AOTA Board of Directors

EmpowerAbility® LLC
Creating Access for Life
Phone/Fax: 302-504-6067
Email: dyoung@empowerability.com
Website: www.empowerability.com

Small Business Healthcare Getting Federal Relief

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Associate of the Year Nominees

During our June Board Meeting, the Board builder members nominated several Associate members as candidates for our Associate of the Year 2016. We would like to recognize the following nominees for the projects they have worked on to better our industry for all:

Richard Forsten, Saul Ewing LLP –  principal author and spearheading our efforts for Bring New Jobs to Delaware Act, presently under consideration by the Delaware General Assembly (House Bill 396).

Jim McCulley, Watershed Eco LLC – for organizing the Associates Lobbying 101 class we are holding, and representing us at NAHB during recent meetings related to the Chesapeake Bay cleanup work

Damien Golden, iKANDE Advertising – for her artistic expertise in the design of the Legacy Ball invitations and collateral materials

Mike Riemann, Becker Morgan Group – as our representative protecting our interests at the State Clean Water Task Force and RAC Committee

Thank you all for your contributions to bettering our industry and supporting our Association.  Congratulations on your nomination!






OFFICE LOCATION: 820 N. French Street, Wilmington, DE

OPENING DATE: 6/22/16                                                    CLOSING DATE: 7/6/16

This non-state position is located in Wilmington, DE and is responsible for the daily operations of a variety of housing loan or grant programs, evaluating their effectiveness and recommending new or modification of existing programs, policies, procedures, guidelines, etc. Programs assigned may include, but are not limited to: the Single Family Mortgage Revenue Bond program, Second Mortgage Assistance Loans, Delaware Housing Partnership, Housing Rehabilitation Loan Program, Neighborhood Revitalization Program, and Delaware Emergency Mortgage Assistance Program. The incumbent is responsible for overseeing and administering the full spectrum of duties under assigned programs, including but not limited to working with borrowers/lenders/contractors to process applications, analyzing program effectiveness, developing improvements/solutions, preparing systems for reporting program activity, overseeing the servicing of loans, monitoring loan portfolio performance, monitoring contractor performance, etc. to ensure assigned programs are effectively and efficiently meeting the needs of DSHA’s customers.

Applicants must possess training, education or experience demonstrating competence in each of the following areas:
1. Experience, education and/or training in mortgage lending, loan underwriting practices and compliance.
2. Proficiency with MS Office, data management software, and preparing analytical and
quantitative reports.
3. Strong analytical and organizational skills.
4. Ability to complete assignments with minimal supervision.
5. Demonstrated effective communication both orally and in writing.

Essential functions are fundamental, core functions and are not intended to be an exhaustive list of all job duties. Since specifications are descriptive and not restrictive, incumbents can complete job duties of similar kind not specifically listed here.

• Acquires and maintains pool insurance coverage on all Single Family mortgages.
Calculates pool insurance premiums for purchased loans. Arranges for payment of
premiums. Monitors reports from pool insurance provider. Resolves problems/discrepancies with provider.
• Prepares all necessary documents for post-closing processes, including the recording of
mortgagees, satisfactions, etc
• Monitors tenant income and hazard insurance under the Housing Rehabilitation Loan
Program by reviewing reports from owner-occupants and landlords to ensure program
compliance. Notifies owner/borrower of non-compliance and corrective action to be
implemented. Follows up to ensure implementation.
• Oversees and evaluates the performance and compliance of loan servicers and other
organizations providing services to DSHA and/or its customers. Recommends corrective
action if necessary.
• Oversees all aspects of property foreclosure and disposition, including but not limited to
coordinating inspections of DSHA owned properties to assess market value, property
condition and needed repairs. Obtains bid for repairs, arranges for payment of expenses
and sale of property. Negotiates costs with mortgage insurers and contractors.
• Uses Mortgage Loan Accounting Software to monitor/evaluate files status, the
effectiveness of programs/projects/lenders/services, recommend alternative financial
resources and determine compliance with applicable state and federal requirements.
• Develops and recommends new, or revisions to, existing programs, policies, procedures,
technological processes, guidelines, to ensure compliance with applicable state and federal laws, rules, regulations to meet the needs of targeted populations and monitors contracts for compliance.
• Prepares and monitors contracts with program participants, servicing agents, processing
agencies and local/community administering agencies for compliance. Works with
contracted agency to resolve problems.
• Attends public meetings, workshops and press events to promote/explain programs and
guidelines. Participates on committees, task forces and public group meetings by
analyzing issues/problems that affect the need for affordable housing/rehabilitation and
providing recommendations for solutions to problems.
• Communicates with lenders, attorneys, mortgage insurance companies, loan servicers,
realtors, contractors, appraisers, local/community administering agency personnel,
housing counselors, the public, DHP Board of Directors, etc., to resolve problems, oversee
and/or train personnel regarding programs, guidelines, procedures, underwriting, loan
closings, etc., negotiate participation with bankers in newly developed programs either as
an originator or investor, explain/promote programs, explain rules, regulations, policies
and procedures, ensure program compliance, etc.
• Prepares financial and programmatic narrative and special reports, correspondence and
maintains records.
• Internally audits files, including the preparation of such files, for the annual audit and
notifies appropriate supervisor(s) of noncompliance.
• Secures program related and/ or confidential documents per document retention policy.
• Maintains license and provide notary services, as specific duties require.
• Provides technical support (program and Mitas online) to lenders and other partners.
• Ensures adherence to program compliance such as monitoring and enforcing continued
hazard insurance and rent regulatory agreement compliance.
• Performs related work as required.

These include up to 15 days vacation and 15 days sick leave accrual, up to 13 paid holidays a year, liberal retirement benefits, health, dental, vision, short and long term disability, and life insurance plans as well as various supplemental benefit options.

APPLICATION PROCEDURES: Applications may be completed on our website at
http://www.destatehousing.com (click on About Us, Employment, Click Here to View All Current Openings, Select job, Scroll Down & Click “Apply Now”) by the  July 6, 2016 Department Contact: e-mail: hr@destatehousing.com.




Improved Comfort and Health Drive More Consumers to Green

Green house symbol

The term high performance is most often associated with the automobile and technology industries. But a growing number of professionals in the building industry are trying to change that.

As part of High Performance Building Week, an annual event held by the High Performance Building Coalition, experts from across the industry are meeting with congressional representatives in Washington, D.C. and presenting the latest research and insights on efficient commercial and residential construction.

Among those who joined for today’s proceedings was John Barrows, founder of P3 Builder Group, Inc., who also serves as instructor of several NAHB educational courses on business management and green building techniques.

Their goal during an hour-long congressional briefing was to increase awareness among policy makers about the major impacts that different building techniques – especially high-performance and green techniques – can have on public health and safety.

Barrows said that more emphasis is needed on stakeholder and consumer education, as well as an increased reliance on the ICC/ASHRAE 700-2015 National Green Building Standard™ (NGBS).

The NGBS is a green building rating system that assigns points for green and sustainable building practices in the areas of water, resource and energy efficiency, indoor environmental quality, lot and site development and home owner education.

In his comments during the briefing, Barrows highlighted the benefits of green building from the consumer perspective. Though financial incentives like tax credits and reduced utility expenses are still big motivators, he emphasized improved comfort and health as the top two drivers for consumers in today’s market.

“With the downward trend of energy prices in recent years, cost savings have recently become less of a factor,” he said. “But the wise consumer knows [the current energy prices] won’t last forever, and they’re looking for solutions now before all of a sudden prices go back up.”

The latest version of the NGBS was recently approved by the American National Standards Institute. It can be downloaded for free as a PDF from NAHB’s BuilderBooks.


Builder Confidence Up 2 Points in June

For Sale Sign


After holding steady for the past four months, builder confidence in the market for newly constructed single-family homes rose two points in June to 60 on the NAHB/Wells Fargo Housing Market Index (HMI), the highest reading since January.

“Builders in many markets across the nation are reporting higher traffic and more committed buyers at their job sites,” said NAHB Chairman Ed Brady. “However, our members are also relating ongoing concerns regarding the shortage of buildable lots and labor and noting pockets of softness in scattered markets.”

“Rising home sales, an improving economy and the fact that the HMI gauge measuring future sales expectations is running at an eight-month high are all positive factors indicating that the housing market should continue to move forward in the second half of 2016,” said NAHB Chief Economist Robert Dietz.

Derived from a monthly survey that NAHB has been conducting for 30 years, the HMI gauges builder perceptions of current single-family home sales and sales expectations for the next six months as “good,” “fair” or “poor.” The survey also asks builders to rate traffic of prospective buyers as “high to very high,” “average” or “low to very low.” Scores for each component are then used to calculate a seasonally adjusted index in which any number over 50 indicates that more builders view conditions as good than poor.

All three components posted gains in June: Current sales conditions rose one point to 64, sales expectations in the next six months increased five points to 70, and the component measuring buyer traffic climbed three points to 47.

Looking at the three-month moving averages for regional HMI scores, the South registered a two-point uptick to 61 and the West rose one point to 68. The Northeast dropped two points to 39 and the Midwest fell one point to 57.

See the complete tables at nahb.org/hmi.

View more analysis in this Eye on Housing blog post.

2016 HBA/DE Legislative Watch – Final Day of Session for the Year


green HBADE logo 300 dpiLegislative Mall

Join the Home Builders Association of Delaware and RuggerioWillson & Associates for networking and refreshments, followed by the 2016 Annual Legislative Watch. Attend and witness the political process in action on the final day of session. We may need to deal with possible last minute surprises that could impact our industry.


Thursday, June 30th


5:30 PM – 6:30 PM: Refreshments and Legislative Briefing at
RuggerioWillson & Associates LLC
109 E. Division Street, Dover, DE 19901


6:00 PM til Whenever: Legislative Watch at Legislative Hall
411 Legislative Avenue, Dover, DE 19901


Deadline is June 29th, 2016


No Cost to attend, but must RSVP



Register Now!



Celebrating Homeownership Month – Benefits of Owning a Home

Homeownership Benefits Extend Well Beyond Property Boundaries

By Kevin Whittaker

2016 President Home Builders Association of Delaware

Most Americans consider homeownership to be the single best long-term investment and a primary source of financial security, especially as home values continue to strengthen. Despite the economic rollercoaster during the recession, homeownership has endured as the foundation of the American Dream. For that reason, the home building industry is celebrating National Homeownership Month in June, as did Governor Markell in his proclamation recognizing June as Homeownership Month in Delaware.

Owning your home provides numerous benefits. It not only helps build financial strength and emotional wellbeing for you and your family, but it also leads to increased stability for the surrounding community.

We would like to take this opportunity to reinforce some of the many advantages homeownership can bring.

Financial Benefits: It’s nearly impossible to talk about homeownership without mentioning its most widely recognized benefit: financial fortitude. Beyond the appreciation factor (home values were up 6.3 percent nationally in the first quarter of 2016 compared to the first quarter of 2015), the monetary advantages of owning a home become most evident around tax time.

American home owners saw their tax bills trimmed by a total of more than $100 billion in 2014. Those who itemize their federal income tax deductions can deduct 100 percent of their mortgage interest payments on a first or second home, up to a maximum mortgage amount of $1 million. Other deductions include the interest paid on up to $100,000 of home equity loans, state and local real estate taxes, and any potential mortgage insurance premiums.

Sense of Community: Homeowners’ commitment to their community is often expressed through a higher level of civic participation – via volunteer programs, church and school activities, and property maintenance – resulting in a positive impact on their “social capital.”

Recent studies also have consistently shown homeowners are significantly less likely to become the victims of a crime. Stable neighborhoods with a predominant structure of homeownership consistently display stronger social ties among the residents. This generates added motivation to maintain a safe environment for themselves, their families and their neighbors.

Quality-of-life Enhancements: Above all else, having full control of one’s own home can be the most satisfying benefit. There’s an intangible sense of accomplishment that comes from being a homeowner. The freedom to personalize and make improvements to the home helps build equity in the home and increase satisfaction for the owner.

Delaware’s homeownership rate is at 71.26%, higher than the 63.9% national average. We applaud Governor Markell, the Delaware State Housing Authority and the members of the Delaware General Assembly for their betterment of homeownership as we recognize June as Homeownership Month in Delaware.

back to HBADE Website


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