LOWCOUNTRY REAL ESTATE DELEGATION VISITS D.C.
Led by Daniel Moskowitz, president of Hilton Head Area Association of Realtors, a delegation representing the local real estate industry met with lawmakers in Washington the week of May 15. Moskowitz, four other Hilton Head Area Realtors, and Hilton Head Area Association of Realtors officials Jocelyn Staigar and Jean Beck met with Senator Tim Scott, Senator Lindsey Graham and Congressman Mark Sanford to discuss issues affecting homebuyers and consumers of commercial real estate.
The group stressed the need for a multi-year reauthorization of the National Flood Insurance Program, which expires Sept. 30. Additionally, the Realtors advocated for tax reform, responsible reform of the secondary mortgage market, prohibiting the use of guarantee fees for any purposes other than creditrisk management, and improving consumer protections for energyefficiency improvement loans. The real estate industry maintains that federal tax reform should not include elimination of the mortgage interest deduction.