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April 30, 2009                                                         "Building Better Communities Together"

HBA WEEKLY UPDATE

2009 Membership Drive!
The HBA is looking for volunteers to participate in this year's membership drive beginning May 19th. Please contact Kira Barbieri, kirab@builderpa.com  for more information or if you are interested in participating. And don't forget about the HBA Spike Incentive Program...recruit 13 new members and earn a trip to the Caribbean!!!

All Spikes you earn during the membership drive will be counted toward your trip to the Caribbean.

Home & Garden Fall Festival
The HBA has partnered with Mainline Today for the 2009 Home & Garden Fall Festival, sponsorships and Booths are now available, see below for details.

Pyramid logo 2009Date: October 2-4th
Time: Friday 4-9pm
         Saturday 10am-10pm
         Sunday 10am-5pm
Place: Devon Horseshow and Fairgrounds

EVENTS

June General Membership Meeting
 
June 17, 2009
 
Old Mill, Rose Valley
5:30 Registration
6pm Cocktails
7pm Dinner and Presentation
 
featuring guest speaker Jeff Otteau; President, Otteau Valuation Grop, Inc.

NEWS

HUD Secretary Announces Monetization of Tax Credit at NAR Real Estate Summit
WASHINGTON, DC- Shaun Donovan, secretary of the U.S. Department of Housing and Urban Development, said that the Federal Housing Administration is going to permit its lenders to allow homeowners to use the $8,000 tax credit as a downpayment.
Donovan's remarks came in an address to several thousand Realtors® gathered this morning at The Real Estate Summit: Advancing the U.S. Economy, a special daylong session at the Realtors® Midyear Legislative Meetings & Trade Expo here.

GOVERNMENT AFFAIRS

HUD Issues Guidance on Monetizing the First-Time Homebuyer Tax Credit
On May 11, the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2009-15, which provides guidance for government agencies and other authorized parties to follow to monetize the first-time homebuyer tax credit through the use of either short- or long-term loans in conjunction with Federal Housing Administration (FHA)-insured mortgage loans. Because the tax credit can't be assigned by the home buyer to a lender or seller at closing, it is necessary that a third party lend the home buyer these funds if the funds are needed to close a purchase.

EDUCATION

MIRM-Aid
A study group to help you write your MIRM case study
 
May 21, 2009
 
9:00-11:00am
Andover Community Sales Center
3 Fallbrook Lane
Glen Mills, PA 19342
  "How to Bring Prospects Back"
 
Wednesday, June 10, 2009
 8:30am-10:30am

Location: Paoli Design Center
1604 E. Lancaster Ave, Paoli

Newly Scheduled Programs/Events

* Dancing on the Delaware-Cavanaugh's River Deck- July 16th
 

Coming up at the HBA!   

* May 21th-MIRM-Aid

*June 1st-Spring Golf Outing

*June 10th-How to get your Buyers back

 
Register for these Events at www.builderpa.com
 
This Week in the HBA Update
June General Membership Meeting
HUD Secretary Announces Monetization of Tax Credit
MIRM-Aid
Spring Golf Outing


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Spring Golf

 
June 1st
Pickering Valley Golf Club
450 S. Whitehorse Rd
Phoenixville, Pa





 
2009 Legislative Breakfast
Leg Breakfast

June 12th
8:30-10:00am
Edgmont Country Club

· Network with members of the Pennsylvania General Assembly.
· Review the housing industry's priority
     regulatory and Legislative issues.
· Receive an update on the Pennsylvania budget negotiations and other challenges facing the commonwealth.
 





Save the Date

Dancing on the Delaware

Thursday, July 16

6:30-9:30pm

Cavanaugh's River Deck

 
Kira Barbieri
HBA of Chester/Delaware Counties