Report to the Valley: January 17, 2014
Congressman Brad Sherman: Town Hall Meeting
Please come to my Valley Town Hall Meeting. This will be a chance for me to hear your views about ObamaCare, taxes, the economy, budget, Social Security and Medicare—and all the other issues facing Congress. By listening to Valley residents, I am able to reflect Valley values when voting in Congress. My constituent services staff will also be on hand to help address any problems you may have with any federal agency. The event, parking and refreshments are free.
Sunday, January 19th
2:00 to 3:30 p.m.
Millikan Middle School
5041 Sunnyslope Ave.
Working to Maintain Valley Home Values
Various budget proposals would eliminate the tax deduction for mortgage interest. This would be a major tax increase for middle-income Americans, and could cause home prices to fall, a disaster for the Valley economy. I cosponsored H.Con.Res. 4, which declares that the home mortgage interest deduction should be preserved. This will remain a critical issue as Congress debates tax reform in the coming months.
I have led efforts to make “conforming loans” available in the San Fernando Valley and other high-cost areas. The interest rates on conforming loans are substantially lower, allowing many Valley families to refinance and save hundreds of dollars per month. Virtually all Valley home buyers need a conforming loan or an FHA loan to buy a home. The recent improvement in Valley home values, and the positive impact on our local economy, depends on the availability of these loans.
I also led the effort to make FHA loans available up to $625,500 in high cost areas like the San Fernando Valley. I successfully fought for an even higher temporary FHA limit for the Valley of $729,750, and I am working to make that higher limit permanent.
Staying in Touch
If you would like to receive our constituent service guide, please call my staff at (818) 501-9200.Please also visit my web page at www.BradSherman.house.govand click on the link to my Federal Issues Questionnaire. I want to know your views on the issues facing Congress. Please be sure to give us your email address so you can receive periodic updates on congressional activity. You can also follow me on Twitter at www.twitter.com/BradShermanand become my fan on Facebook. My official government Facebook page is registered as “Congressman Brad Sherman.”