The Realtor delegation representing every state and territory rallied around several core issues that require Congressional action. These priorities were: expanding housing opportunity, protecting the Realtor business model and supporting homeownership for all Americans.
The House passed its version of the Big Beautiful bill on May 22 with a provision that would raise the SALT Cap to $40,000.
Prospective homeowners or those who already own a home but are at risk of losing it can get advice from bankers, Realtors, government agencies, mortgage companies, and others.
The House passed its version of the Big Beautiful bill on May 22 with a provision that would raise the SALT Cap to $40,000.
PEARL RIVER—U.S. Rep. Mike Lawler (R-NY-17) announced today that in response to the draft release of the Senate version of the “Big Beautiful” bill that would keep the SALT Cap at $10,000, he will vote against the bill if it reaches the House in its current form.
The House passed its version of the Big Beautiful bill on May 22 with a provision that would raise the SALT Cap to $40,000.
“I have been clear since Day one: sufficiently lifting the SALT Cap to deliver tax fairness to New Yorkers has been my top priority in Congress,” said Congressman Lawler. “After engaging in good faith negotiations, we were able to increase the cap on SALT from $10,000 to $40,000. That is the deal, and I will not accept a penny less. If the Senate reduces the SALT number, I will vote No, and the bill will fail in the House.”
He added, “I, along with my fellow SALT Caucus members, are actively engaging with Senators, House Leadership, and the White House and am confident the deal as previously negotiated will be in the final bill that is signed into law.”
New York Democrats, including Gov. Kathy Hochul and U.S. Senator Charles Schumer, have pressed lawmakers in Washington to fully repeal the SALT cap. However, GOP Senators seem to be dialing down any hope for a repeal or even raising the cap at this point.
Prospective homeowners or those who already own a home but are at risk of losing it can get advice from bankers, Realtors, government agencies, mortgage companies, and others.
As part of the partnership, OneKey MLS subscribers will gain direct access to Crexi’s suite of commercial real estate tools.
Phase 2 of the project—which is valued at $12 billion—will now include 4,000 new homes at the site.
The buyer was Dempsey Investment LP. The seller was MSB Halstead Holdings.
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