Funding Renews EB-5 Foreign Visa

Congress passed a tax & spending bill averting a government shut down. There are several elements that were supported by both the National Assoc. of Realtors and the National Assoc. of Home builders that benefit the housing industry. These include; renewing the EB-5 visa program,  Another component makes condominium certification easier and reduces the primary owner only requirement for financing (which makes lender approval  more attainable for resort and snowbird properties), It also made mortgage interest deductions, essential for housing, permanent, And it extends the tax deduction for certain kinds of restaurant equipment. The bill is expected to be signed by President Obama and funds the government through September 2016.

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