May 07, 2024

CORREA, ALFORD, MANN, PETTERSEN LAUNCH BIPARTISAN REAL ESTATE CAUCUS

WASHINGTON — Yesterday, Representative Lou Correa (CA-46), alongside Representatives Tracey Mann (KS-01), Brittany Pettersen (CO-07), and Mark Alford (MO-04), launched the Bipartisan Congressional Real Estate Caucus. Real estate represents 16% of U.S. GDP, supports 2.8 million jobs, and generates $50 billion in tax revenue. Considering its importance, Congress must support policies that allow this industry to prosper. That’s exactly what this caucus will do.

“Homeownership is an essential part of the American Dream, and represents a tangible pathway to the middle class,” Correa said. “As a former real estate broker, I saw firsthand the role real estate plays in uplifting Main Street and hard-working American taxpayers. Our Caucus will bridge the partisan divide and push Congress together to deliver real estate policy that will benefit soon-to-be homeowners across the country and help so many families get one step closer to fulfilling their own American Dream.”

“I am proud to serve as a Co-Chair of the Real Estate Caucus, I know that housing is a key issue for all Americans, and especially for my constituents,” Alford said. “Before being elected to Congress, I owned a small real estate business, so I know firsthand the regulatory challenges that realtors face every day. I’m honored to be able to chair this Caucus and work together to solve Real Estate issues.”

This caucus is supported by the following organizations: National Association of Realtors, Mortgage Bankers Association, National Association of Home Builder, Asian Real Estate Association of America, National Apartment Association, American Property Owners Alliance, National Multifamily Housing Council, Nareit, U.S. Mortgage Insurers, Leading Builders of America, American Land Title Association.

“Real estate businesses contribute to the growth and development of our local, state and national economies,” Mann said. “Overly burdensome regulation and economic challenges of high-cost materials only hinder a stable housing environment. As a former commercial real estate agent, I’m proud to join my colleagues as a co-chair of the Congressional Real Estate Caucus, and to serve as an advocate for the real estate industry in the halls of Congress. Real estate agents and developers should be empowered to provide housing options for all Americans, generate jobs, and offer top quality services for homeowners – not handcuffed by overreaching federal regulations from Washington, D.C.”

“Home ownership is a core tenant of the American dream, and the real estate industry helps make that dream a reality for millions of Americans every year,” said Pettersen. “I’m proud to be a founding member of this caucus as we work to champion policies that will increase our housing supply and accessibility, make it easier to buy a first home or leave a home you’ve outgrown, and foster a market that is beneficial for all.”

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