While temperatures continue to drop, DCAR refuses to flinch. We are too busy fighting for first-time homebuyers. A Bill in front of the DC Council could drastically reduce the recordation tax for first-time DC homebuyers from 1.45%* & 1.1%** to 0.725%. This week, DCAR and individual members testified at hearing urging the Council to pass… Read more »
What was accomplished? DCAR’s advocacy efforts continue to make waves in DC’s government and real estate community! DC Councilmembers David Grosso, Anita Bonds and Jack Evans have re-introduced the “First-Time Homebuyer Tax Benefit Amendment Act of 2015 (Yvette Alexander and Charles Allen co-sponsored),” which would cut the recordation tax rate from 1.45% to 0.725% for… Read more »