Unfortunately this legislation has been held up in committee for over 15 years by politicians who care more about their personal interests than those of the American people so we have to continue waiting for real, meaningful tax reform.

Problem is they want more rentals priced between $500-600 for 2-3 BR. http://ijpr.org/post/housing-committee-works-spur-building-grants-pass#stream/0

The gentleman selling the deal is moving forward to develop it himself and I believe it's either at the loan committee or will be after the first of the year.

(At least according to the excise and license rep I spoke to at a recent Short-Term Rental Advisory Committee.

.— 6 Paragraph (1) shall not apply to any sale or ex- 7 change with respect to which there was a written 8 binding contract in effect before January 1, 2018, and 9 at all times thereafter before the sale or exchange.’’.Remember though, both versions of this bill are being reconciled in a conference committee, and then when there is a single bill, that will be voted on.

Just FYI the Conference Committee did not include the 5 or 8 rule so it may very well remain 2 of 5...we'll have to wait and see.

@Krizelle Pum, even if the bill gets approved, the provision of the "Last 5 years of  8 years"  is not in the final committee agreement.

@Ted Klein I've already learned through trial by fire that dealing with a historical district committee can be a major pain but as long the holding cost for the extended timeframe is accounted for in your budget there's usually not much of an issue.

Like many churches, our congregation is both aging and dying off.As I'm serving on the Call Committee, it has become obvious that we simply cannot afford a full time pastor as things now stand. 

When a loan officer goes to committee, how often does the committee shoot down the loan application?