4 real estate provisions in spending bill


With six months remaining in the 2018 fiscal year, the National Association of REALTORS® urges the passage of the “omnibus appropriations bill” agreed upon by U.S. House and Senate negotiators last night, which is designed to fund the federal government through Sept. 30.

The 2,232-page bill contains important provisions related to housing that real estate professionals have been fighting for, including alleviating the weakening of the Low-Income Housing Tax Credit from the new tax law and extending the National Flood Insurance Program through at least midsummer. The highlights critical to the continued health of the nation’s housing market include:


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