Bustos discusses federal policy with Illinois REALTORS® at Let’s Talk event

IAR President Phil Chiles meets with U.S. Rep. Cheri Bustos at a Let's Talk Real Estate event in Rock Island.

IAR President, Phil Chiles kicked off a great discussion this morning at the Lets Talk Real Estate event with Congresswoman Cheri Bustos Friday, Feb. 21, 2014, at the Rock Island Arsenal Club in Moline, IL.

Federal Political Coordinator David Levin had a detailed discussion on issues with her and when covering commercial finance the Congresswoman responded by agreeing to co sponsor HR1240 a bill that would assist small business owners to refinance their existing loans with a more affordable SBA loan.  Economic and community development rests in large part with small business and she stated that this bill is a “common sense” solution to better financing for them.

Another issue discussed was flood insurance, Congresswoman Bustos is already a co sponsor to the NAR supported bill HR3370 but she understands advocacy on the hill on this issue is necessary.  Several REALTORS shared examples of sales not closing, and the lowering of values due to the extreme increase in the rates.  The group thanked her for all of her work so far and asked for her continued efforts on this highly important issue.
Chris King, President of Sauk Valley Association of REALTORS gave a market report to the Congresswoman on her area and stressed the importance of opening and fully staffing the Thompson prison and the positive impacts to the housing market that it would have.
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About Sharon Gorrell, IAR Housing Policy Advisor

Sharon Gorrell is Housing Policy Advisor for the Illinois Association of REALTORS®. Through research and analysis she provides IAR leadership, committees, and governmental affairs staff well-informed expertise on local, state, and national housing policy issues and programs. Her work assists IAR in developing sound housing and housing finance policy positions and programs. She develops and maintains relationships with other associations, agencies and organizations that engage in the discussion and development of policies that affect housing and access to housing, and serves as the voice for and liaison of the REALTOR® organization to such groups. She serves as the IAR staff executive for the Housing Opportunity Working Group, Business Diversity Working Group, Federal Political Coordinators Working Group and Community Development Resource Working Group.

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