On October 26 NAR sent a letter to Acting Secretary Chad Wolf of the Department of Homeland Security. The letter provides comments on the Department of Homeland Security’s proposed rule “Establishing a Fixed Time Period of Admission an Extension of Stay Procedure for Nonimmigrant Academic Students, Exchange Visitors, and Representatives of Foreign Information Media." NAR supports a variety of visa programs because visa holders stimulate economic development, rent and purchase property, and create economic opportunity. While NAR supports increasing transparency, accountability and reducing fraud and abuse in visa programs, NAR is concerned these proposed restrictions will harm real estate markets that rely on these visa holders.
NAR Letter to DHS Acting Secretary Wolf Regarding Student Visa Proposed Rule
Issue Date: October 26, 2020
On October 26 NAR sent a letter to Acting Secretary Chad Wolf of the Department of Homeland Security. The letter provides comments on the Department of Homeland Security’s proposed rule “Establishing a Fixed Time Period of Admission an Extension of Stay Procedure for Nonimmigrant Academic Students, Exchange Visitors, and Representatives of Foreign Information Media." NAR supports a variety of visa programs because visa holders stimulate economic development, rent and purchase property, and create economic opportunity. While NAR supports increasing transparency, accountability and reducing fraud and abuse in visa programs, NAR is concerned these proposed restrictions will harm real estate markets that rely on these visa holders.
Dowload Letter