Senate to Take up Economic Stimulus Plan This Week
Housing Provisions Gaining Traction
Keep the Pressure On!
Call 1-866-924-NAHB (6242)

Thank you to all of you for your efforts over the past couple of weeks to drive home the building industry recommendations for the economic stimulus package. Your efforts are working.

The Senate begins debate on the stimulus bill this week, and there has been an increased call by key Senators on both sides of the isle to include provisions to directly address the housing crisis. Several different proposals have emerged in recent days that would expand the home buyer tax credit and reduce mortgage interest rates.

As the Senate debates amendments this week, your help is needed to pressure the Senate to continue to focus on housing as the solution to the current financial crisis.

Call to Action

Please call your Senators today at 1-866-924-NAHB (6242) and ask them to support any proposed amendments to the Senate version of the economic stimulus bill that would create a mortgage interest buy down and enhance the housing tax credit. Senators should enhance the credit by:

1. Extending the eligibility period from September 1, 2009 to December 31, 2009
2. Increasing the credit amount
3. Including all home-buyers
4. Allowing the credit to be used at the time of closing

Less than two weeks remain before Congress sends an economic stimulus package to President Obama. We must impress upon the Senate that only robust housing stimulus will restore consumer confidence in the housing market and put the economy back on track.

After your call, please take a moment to email us with your feedback at builderlink@nahb.com.  We want to hear what your Senators are saying.