Over 350 REALTORS®
gathered last week at an event sponsored by PGCAR and the Maryland Department of Housing and Community Development, to learn how the new Maryland Mortgage Triple Play Program can enhance their business and assist their clients.
The packed house of REALTORS®
from around the Washington Metro area learned how this new $100 million initiative will help an estimated 500 buyers realize the American dream in Prince George's County. During the Networking Lunch, REALTORS®
heard from officials with the Maryland and Prince George's County Departments of Housing and Community Development (DHCD) and had the opportunity to mingle with approved lenders.
Bill Ariano, Doris Kessebeh, Desiree Callender, Eric Brown, Katherine Sewell, Gene Frazier
Also see the press and DHCD coverage:
The Gazette: State aid program draws homebuyers to Prince George's
DHCD: Homeownership Initiative in Prince George's County Doing Record Business, Real Estate Brokers Told >
Thank you to our sponsors for helping to ensure the great success of this event:
First Home Mortgage, Prime Lending and Village Settlements!
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 >
Due to recent changes in State and County Law, several forms have been revised or added.
President's Letter - January 9, 2015
Happy New Year!
As we wrap up the first week of 2015, your Association, PGCAR
, is in full swing. The Board of Directors and Committees are hard at work to ensure we do our part to help you have a positive and productive new year.
There are many workshops, community activities, and political actions gearing up, so I encourage you to stay tuned and engaged via our "PGCAR" email notices and at PGCAR.com
. Click here
to see photos from our recent events.
On the subject of "workshops", mark your calendars for February 4th
to come out and learn how your homebuyers might qualify for up to $20,000 in down payment assistance through the new and exciting MMP Triple Play program, now available exclusively in Prince George's County. PGCAR is partnering with the Maryland Department of Housing and Community Development to offer morning and afternoon instructional workshops in New Carrollton on Wednesday, February 4th
. Watch for more on this under separate cover.
Guarantee your success. Take time in 2015 to stay informed and get involved with the Prince George's Association of REALTORS®
Association. Do it now and take your career to the next level!!!
On behalf of the Officers and Directors, I wish you all the joy and success you can handle.
Desiree Callender, President
Prince George's County Association of REALTORS®
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.
On Wednesday, November 12, in a 9 - 0 vote, the Prince George's County Council passed much needed rental security deposit reforms. At the encouragement of PGCAR and AOBA (The Apartment and Office Building Association), Council Member Derrick Davis
introduced CB 63 - Residential Leases - Rental Security Deposits
The new County law (CB 63
) rescinds the County's 4% interest on deposit mandate in favor of the U.S. Treasury rate or the 1½% floor dictated by Maryland law. The new County law also changes the timeframe under which a property owner (landlord) must provide notice of damages to the tenant with the intent to retain a portion of the security deposit. CB 63
extends the notice timeframe in Prince George's County from 30 days to 45 days, which is now in conformance with Maryland state law.
Please take notice; the new state law and County law are effective as of January 1, 2015.
The PGCAR Single Family Residential Lease
) has been revised in accordance with the new laws. Please download and use the new lease dated 01/15, and remove all copies of earlier lease revisions, to be in compliance with present day law.
Read more >
At the PGCAR Annual Legislative Breakfast on November 20th
, Director Eric Brown of the County's Department of Housing and Community Development (DHCD), announced the launch of the NEW Maryland Mortgage Program TriplePlay
Initiative designed exclusively to assist Prince George's County Homebuyers. The $100 million initiative is intended to help stabilize County neighborhoods by promoting home ownership. Read more >
On the same day, PGCAR President Desiree Callendar along with Chuck Ottley, Linda Simpson and Mike Graziano, represented PGCAR at a press conference announcing the TriplePlay
Initiative. Read more >
have been helping "provide a boost to home values and a facelift to vacant properties," as well as helping people avoid going into foreclosure by helping investors buy and renovate short sales, then sell them to new homebuyers.
John Lesniewski, 2014 PGCAR President, is quoted in the article, "We anticipate a greater number of foreclosures coming back on the market in the next 18 to 20 months. We want the banks to process them, we want people living in theses houses, stabilizing the neighborhoods, and that will bring values back up." Lesniewski also stated the flipping trend will help create construction and remodeling jobs, increase home values and aesthetically improve neighborhoods.
Read the article at www.gazette.net >