January marks the beginning of the long session at the NC General Assembly. The Alliance will be watching as our legislators work on important legislation relating to homeownership. We will be specifically interested to see if there are any changes or progress on the following key issues:
- Mortgage Interest Deduction (MID) - In last year's short session, the NCGA maintained the $20,000 cap to the MID. We hope the MID is protected in the long session as it is one of the biggest and most important boosts to working families across the state. We're counting on legislators to oppose any efforts to repeal or reduce this vital deduction that our families depend on.
- Homeowners Insurance Rates - NC needs greater consumer protection for homeowners insurance rates, the process by which rates are set should be fair and transparent. Insurance companies shouldn't be allowed to circumvent the legal process and force property owners to pay higher premiums through Consent to Rate letters.
- Economic Development - Our North Carolina economy is growing, and the NC Homeowners Alliance is committed to standing up for economic opportunities for every citizen in our state. One process by which the General Assembly will stimulate the economy is through economic development. The Alliance will be sure to monitor the General Assembly's progress and notify you regarding the effect development policies will have on your local communities.
As always, please let us know if you have any questions or other pieces of legislation that concern you. We want to know what's important to you in your community and always value your feedback. We want to be a voice for homeowners at the legislature, so we need to hear from you!