One provision of H.R. 1, the American Recovery and Reinvestment Act, passed by the U.S. House last week
reinstates the higher loan limits from 2008. REALTORS® are asking that the Senate, which now takes up the legislation, also support higher limits. Other provisions of the House version include eliminating repayment of the first-time buyer tax credit, increased funding for rural housing loan programs and expanding tax–exempt housing bonds.