Call to Action VICTORY!
You Said "NO" to State Legislators
Imposing a 6-Month Foreclosure Moratorium
Exclusively in Prince George's County.
THANK YOU for contacting your Delegate to oppose SB 756.
During the week of March 23, the Prince George's County Delegation in Annapolis was considering legislation to impose a six-month moratorium on foreclosures EXCLUSIVELY
in Prince George's County. REALTORS®
were opposed to this concept, as we believe that it would have drastically slowed our fragile real estate market recovery. The current statewide foreclosure process is fair and well conceived. There are numerous notice requirements to protect consumers and legislated mediation opportunities for consumers to negotiate with lenders. A moratorium would have caused more harm than good. We needed help to urge our Legislators in Annapolis to OPPOSE
the foreclosure moratorium!
Within a few days of members contacting our Delegates, the Senate REMOVED
the 6-month foreclosure moratorium which was exclusive to Prince George's County, from proposed state legislation SB 756.
County Executive Baker Seeks Increase in Property Taxes
LEGISLATIVE ALERT - March 28, 2015
Recently County Executive Rushern Baker released his budget proposal for fiscal year 2016. Much to our surprise, the County Executive is proposing to increase the Prince George's County property tax rate by 15%. That is an additional annual property tax of $375 on a home assessed at $250,000.
Prince George's County already leads the Maryland metro area in closing costs and property taxes, not to mention foreclosures and short sales. Our housing market is too fragile right now to sustain a property tax at this rate.
across the County are gearing up to challenge this increase. In the very near future, PGCAR will be asking members to contact the County Executive and the County Council to make your opposition known.
Please keep an eye out for "calls-to-action" to fight the property tax increase.
The 2nd Annual PGCAR RPAC Bowling Challenge was held on March 21st at Capital Plaza Lanes in Landover Hills. Over 100 REALTORS®
participated in the event. Sixteen teams were pitted against each other in competition to win the 2015 title. After a few hours of fun, pizza, and friendly competition, Team Muckle, featuring PGCAR Director Yolanda Muckle, soared to victory. Congratulations to the winners and thank you to all who participated and contributed.
DHCD announced on March 5 that the TriplePlay down payment assistance program, launched in November, has exhausted its funding. The State DHCD reports that "nearly 400" Prince George's County homebuyers received assistance under the program. A portion of the Attorney General's settlement with mortgage lenders was used to fund TriplePlay. Maryland DHCD has announced a new program "DoublePlay," where buyers can get a discount on loan rates and $5,000 in down payment assistance (DPA). That program is detailed in the DHCD press release
MMP TriplePlay was launched in November
and "sold out" in less than four months. "The success of the MMP TriplePlay Initiative
illustrates the economic impact of a well-designed homeownership program that meets the needs of today's homebuyer," said DHCD Secretary-designate Kenneth C. Holt, who also credited PGCAR with an important role in the TriplePlay Program success.
Of course, PGCAR will continue to work with our partners at the DHCD, locally and at State, to develop and promote similar programs as funding sources become available. Read more >
President's Letter - January 30, 2015
In Response to The Washington Post Articles
2015 PGCAR President
By now I'm sure many of you are familiar with the recent real estate articles in The Washington Post. As you might imagine the articles are not being received well by your Board of Directors. In fact, I penned a article
and submitted it to The Washington Post. It is at this point unknown, as to whether or not they will choose to print it.
representing and selling Prince George's County, we know that investment here is a positive and fruitful proposition. We cannot let outside influences cast an untrue and unrealistic view of our marketplace. Hopefully our response will assist in dispelling the negative aspects of this narrative.
Read the letter here >
The Prince George's County Planning Department is conducting a comprehensive rewrite of the County Zoning Ordinance and Subdivision Regulations. This project will transform the current zoning code. This action is of great importance to the future of economic development in Prince George's County and to REALTORS®
. It's been more than 50 years since the last comprehensive update. REALTORS®
are strongly encouraged to engage in this process.