|Granger MacDonald greets Vice President Pence at the White House recently|
NAHB Chairman of the Board, Granger MacDonald, yesterday addressed the Finance Committee of the U.S. Senate in a hearing titled “America’s Affordable Housing Crisis: Challenges and Solutions.”
The focus of the hearing was tax credits for low income housing, but also touched on labor shortages, regulatory burdens, and other issues which impact housing affordability. South Carolina’s Senator Tim Scott questioned MacDonald on the labor shortage issue as it impacts housing affordability.
“We are fortunate that our national chairman, Granger MacDonald, is well versed on the subject of housing affordability,” Bob Barreto, President of the HBA of Greenville, said. “His company has built and manages nearly 5,000 affordable rental housing units in his home state of Texas,” Barreto said. “We also were proud to have Granger MacDonald as keynote speaker at our 2016 Annual Meeting.”
Click here to view the hearing. MacDonald’s testimony begins at 1:00.30. Senator Scott’s questions of Chairman MacDonald begin at 1:48.00 and continue at 1:51.00.
It was a family visit for some. “We encourage members to bring their children,” and get a firsthand look at the political process when they make their annual trek, said EO Earl McLeod.
| BIA members pose with Sen. Tim Scott (R) of South Carolina, front row, center.|
|Michael Dey and Mike Freeman, GMB, left, meet with Senator Tim Scott’s Legislative Advisers at the Realtors Association offices.|
Mike Freeman, GMB, President of your Home Builders Association and Partner in ACA/Freewood Contracting, and Michael Dey, Executive Vice President, met today with legislative advisers to Senator Tim Scott. The meeting was a joint session with the Greater Greenville Association of Realtors and Spartanburg Association of Realtors.
Joining the meeting from Senator Scott’s staff were Jaron Smith, Senator Scott’s Legislative Adviser on tax, budget, and banking issues, and Danielle Smith, Senator Scott’s Upstate Regional Director.
The association representatives discussed the following topics:
- Reforming and preserving the mortgage finance system and in particular, ensuring the continuation of the fixed-rate 30-year mortgage
- Blocking EPA rulemaking that will expand the definition of Waters of the U.S.
- Preserve real estate-related tax policies including: renewing Mortgage Debt Forgiveness Relief Act, preserving the mortgage interest deduction, preserving the property tax deduction, and preserving like-kind (1031) exchanges
- Reauthorize the Terrorism Risk Insurance Act
Your Home Builders Association would like to thank the Greater Greenville Association of Realtors for setting up and hosting the meeting. “We have a great partnership with GGAR on governmental affairs matters,” said Michael Dey, Executive Vice President. “Our coalition continues to produce great results for the members of both associations.”
HBA of Greenville President Rick Quinn and Executive Vice President Michael Dey participated in a roundtable discussion with Mike Bennett, Chief of Staff of United States Senator Tim Scott.
Bennett visited Greenville this week and met with several business and economic development leaders from the Upstate.
Quinn presented data from the Economic Impact of Home Building Study commissioned by the HBA of Greenville. Quinn and Dey emphasized the association’s position on the following Federal issues:
- Preserve or gradually phase out the Federal government’s role in housing finance
- Maintain the current Mortgage Interest Deduction
- Address the over regulation of housing and small business which is stifling economic growth
Quinn and Dey discussed the importance of home building to the economy and the need to avoid Federal action that could cause another housing recession.