NAWRB’s Response to IRS Notice of Proposed Rulemaking for Opportunity Zones

27 December 2018

To Whom It May Concern,

Women in the Housing & Real Estate Ecosystem (NAWRB) is writing in response to the Notice of Proposed Rulemaking for the Opportunity Zones provision of the Internal Revenue Code (Section 1400Z-2)

NAWRB’s decade-long history in social impact through our data analytics, media engagement, connections with senior executives and expert leaders across the housing ecosystem, and involvement in government legislation, drives our ability to facilitate greater returns on communities, helping them thrive and be sustainable for generations to come. Our primary role in Opportunity Zones is connecting and advising key players on the best way to positively impact distressed communities.

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Government Shutdown Puts Women-Owned Businesses and the Housing Ecosystem at Risk

Today marks the 27th day of the partial government shutdown that started on December 22nd, 2018, which is now the longest government shutdown in U.S. history. Many, but not all, government agencies have been affected, causing federal employees to either be furloughed or to work without pay, national parks to close and affordable housing funding has come to a halt, among other effects.

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Which U.S. Cities Have the Most Women Breadwinners?

Men typically outearn women, with women making roughly 82 cents for every dollar a man earns, according to the U.S. Census Bureau. The reasons for this are highly debated, though evidence tends to point to lack of female representation in higher-paying jobs and a persistent gender wage gap. However, there are instances in which women make more than their significant others. A report by LendingTree lists the top cities where women tend to outearn their partners.

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NAWRB Joins Chapman University’s 7th Annual OC Home Fair on January 19th

If you are looking to buy or sell a home or investment property, you don’t want to miss the 7th Annual OC Home Fair on January 19th at Chapman University from 10 AM to 1PM. Attendees will have access to a variety of free educational classes from industry experts, including Desiree Patno, CEO & President of NAWRB, and NAWRB Member Angie Weeks, Realtor, First Time Buyer & Move Up Specialist.

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U.S. Metro Cities Where Minority Businesses are Thriving and Struggling

There are approximately 8 million minority-owned businesses in the United States, and each faces its own obstacles in terms in reaching success, such as access to capital and location. LendingTree just released a new report on the top cities where minority-owned businesses are succeeding, such as those whose annual revenue exceeds $500,000, and places where businesses are struggling to remain afloat.

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HUD Releases National Housing Market Indicators for 3rd Quarter of 2018

The U.S. Department of Housing and Urban Development (HUD) recently released the National Housing Market Indicators (NHMI) for the third quarter of 2018. This quarterly publication gives a review of sales transactions through the third quarter and house price trends through November 2018. Read on for some of the key highlights of the report, including housing trends to look out for in the future.

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Current Impact of the Government Shutdown: How Have You Been Affected?

Today marks the 17th day of the partial government shutdown that started on December 22nd, 2018, which is now the third longest government shutdown in U.S. history. Many, but not all, government agencies have been affected, causing federal employees to either be furloughed or to work without pay, national parks to close and affordable housing funding to come to a halt, among other effects.

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Historically Diverse 116th Congress Convenes Today

On January 3rd at noon at Washington, D.C., the sworn in 116th Congress has officially convened. This historical congress has a Democratic majority, the first time in eight years, and comprises a record number of women and minorities. Nancy Pelosi, who was re-elected as House Speaker  and remains the first woman to serve in the position, remarked that this Congress “will be transparent, bipartisan and unifying.”

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New House D&I Office and Subcommittee Will Address Workforce and Financial Services Industry

The 116th Congress has released new rules and select committees for the new year. Of these changes include the establishment of a new Office of Diversity and Inclusion that will report on its workforce and produce a diversity plan. House Democrats are also pushing for more diversity among the corporate executives and board members, an initiative led by California Democrat Maxine Waters, Chair of the House Financial Services Committee, who is determined to use her influence to increase the number of women and minorities in the top positions in the nation’s corporate sphere.

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Renters in the U.S. Spent $504 Billion on Housing in 2018

According to a new report from HotPads, renters in the United States spent a total of $504 billion in rent this year, an increase of $12.6 billion, or 2.6 percent, from 2017, despite there being fewer renter households in 2018. The current median rent for the nation is $1,475, a 3 percent increase from last year.

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