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Government Affairs Digest - February 2021

Govn Affairs Digest

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News from HQ

Last Chance to register for Advocacy Impact Day – Tuesday, March 9th 1pm – 3:30pm

IREM’s Advocacy Impact Day offers members an opportunity to learn about the issues affecting the real estate management industry, and how to meet with their federal legislators to advocate for meaningful change.

Here's a snapshot of what to expect:

  • Two keynote speakers:
    •  Todd Buchholz, Economist – Economic Forecast and How it Affects the Property Management Industry
    • Dr. Thomas Songer – The COVID-19 Pandemic: Challenges in 2021
  • How to virtually meet with legislators and their staff & what issues to discuss

Please feel free to share with your IREM colleagues so they can join this exciting and dynamic event!

More info/Register

From the Frontlines: Federally-Assisted Housing and COVID-19

Shannon Longino, CPM and First Vice President-Asset Management of Truist Community Capital, LLC talks about the impacts of COVID on federally-assisted housing and best practices property managers can implement during this difficult time.

(SpotifyApple Podcasts)

IREM Announces 2021 Public Policy Priorities

IREM has finalized our 2021 Public Policy Priorities. The public policy priorities will assist in setting the agenda for our Advocacy Impact Day, Congressional In-district Meetings, Congressional Briefing, and for supporting grassroots efforts on state and local issues. A new policy priority for 2021 is our Pandemic preparation and response policy. It urges all real estate managers to familiarize themselves with the dangers associated with a possible pandemic and assess the impact one could have on their businesses, properties, employees, and clients.

Policy Priorities

IREM Urges Flexibility in Rental Assistance

On January 28th, IREM joined eleven other real estate organizations urging the Departments of Treasury and HUD to provide clear guidance to state and local governments when distributing federal rental assistance funds. The letter asks them to ensure that the funds would be used to pay rental arrears, to ensure rental housing properties remain financially viable. We also urged flexibility for landlords to obtain resident consent, especially when delinquent tenants may be avoiding landlord communications. The letter also requests that the existing Treasury FAQ be updated to reflect that.

We continue to urge that successful programs will ensure property owners are made whole, and renters aren’t saddled with outstanding debt.

Read IREM’s coalition letters

Affordable Housing

HUD nominee Marcia Fudge to push for rental assistance, affordable housing amid coronavirus crisis

How zoning can restrict, or even prevent, affordable housing

National News

Democrats unveil bill to end tax break for investment managers
Commercial & Residential – Carried interest

New California COVID-19 bill includes federal funds for up to 80% of unpaid rent
Residential – Rental relief

CRE Needs That Third Stimulus Round
Commercial – COVID stimulus

$25B in Rental Assistance Is on the Way: Who Will Qualify?
Residential – Rental assistance

Congress Breathes New Life Into New Markets Tax Credits
Commercial – Tax credits

Biden's Actions on Fair Housing
Residential – Fair Housing

The Government Affairs Digest is distributed monthly to the IREM Executive Committee, Regional Vice Presidents, Chapter Presidents and Chapter Legislative Chairs, Legislative and Public Policy Committee, and the Federal Housing Advisory Board. Other IREM members who would like to receive the newsletter may opt-in at any time.

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