First Time Home Buyer Rebate Voluntarily Deferred
LOUISIANA REALTORS • April 30, 2018
As of Monday, April 30, House Bill No. 383 was voluntarily deferred in the House Appropriations Committee at the request of Louisiana REALTORS® and the author. Due to state budgetary issues, we do not anticipate this legislation being able to complete the legislative process. Therefore, the bill will not advance any further this session.
CONTACT US
House Bill No. 383 would have likely passed if the measures had been adopted to balance the budget in the 2018 First Special Session. While many committee members were in favor of the bill, they were hesitant to vote in favor of a bill with a large fiscal note just after having cut other programs in the budget. "As an organization, we did not want to subject our friends to criticism for voting for a bill that we know will not advance during these uncertain budgetary times," said Norman Morris CEO.
Representative Paula Davis has agreed to file a resolution encouraging the Legislature to explore and support efforts to assist first-time home buyers in future sessions. "The 500-plus REALTORS® who converged on the Capitol last week deomonstrated the importance of assisting first-time home buyers and ensured the likelihood of successful legislation to assist these buyers in the future," said Kim Callaway - Director of Legal & Governmental Affairs. "We greatly appreciate your efforts, which will go a long way in advancing this legislation in the future," said Callaway.
Louisiana REALTORS® is accepting applications for the 2028 Region 10 RVP on the National Association of REALTORS® Board of Directors to be voted on by the Board of Directors of Louisiana REALTORS® on Wednesday, March 4, in Bossier City, Louisiana. Eligible candidates can submit the application at the link below by Monday, February 16, 2026, by 5:00 p.m. to be considered for this position. Selected applicant will then proceed through the candidate background process with NAR, and elected by the NAR Board of Directors in October.
Learn how to set clear, actionable goals that fuel sustainable growth and measurable success in your real estate business.
Buying a home? Don’t let outdated myths cost you the right house. Learn what today’s buyers actually need to know before making a move.
