Government Affairs Digest - June 2020

Govn Affairs Digest

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News from HQ

Conducting successful meetings with your elected officials

IREM and the CCIM institute government affairs teams hosted a webinar on effectively conducting meetings with your federal, state, and local elected officials. This webinar provides tips on setting up and conducting a meeting virtually and along with an overview on how to prepare for a successful meeting.

View the recording

Real Estate Roundtable virtual annual meeting

On June 11 and 12, the Real Estate Roundtable  (RER) held its Annual Meeting online, with special guests Secretary of the Treasury Mnuchin, Citigroup’s Raymond McGuire, Global Head of Corporate and Investment Banking, Representative French Hill (R- AR), Charlie Cook, editor of the Cook Political Group, and Dr. Scott Gottlieb, former Commissioner of the U.S. Food and Drug Administration.

The Annual Meeting of the RER addressed both the myriad of economic and health issues impacting the real estate industry due to the coronavirus pandemic and what steps both the RER and the broader real estate industry can take to address systemic racism.

Policy highlights from the meeting include:

  • Secretary Mnuchin explained that the Administration is considering pandemic risk insurance and business liability protections. The Secretary also noted that the Administration is very interested in an infrastructure bill and indicated there should be more flexibility in mortgage relief for multifamily properties.
  • Charlie Cook provided his insights on the upcoming election and noted the importance of independent voters in the presidential race.
  • Representative Hill discussed the likelihood of another coronavirus relief bill this summer and that Congress is currently examining where there are gaps in need. Two issues Representative Hill cited were both business continuity coverage and pandemic risk insurance.
  • Both Secretary Mnuchin and the Tax Policy Committee discussed recommendations for the Main Street Lending Program to better ensure that businesses that need it have access to capital.
  • The RER released a statement the Real Estate Roundtable Stands in Solidarity Against Racism and Injustice preceding the Annual Meeting and at the meeting interviewed Citigroup’s Raymond McGuire to discuss the real estate industry’s role in addressing racial injustice.

Learn more

IREM & NAA Survey Results

NAA and IREM, in partnership with CEL & Associates, Inc., has been conducting a brief monthly survey of apartment owners and operators to collect data on the impact of COVID-19 to the rental housing industry.

Full results for April, May, and June are available below.

COVID-19 legislative report

Reports includes legislation addressing COVID that has been introduced at the state or federal level. Please feel free to share the reports with your colleagues.

Affordable Housing

Bye $600 jobless benefit, eviction reprieve, cash for small firms. COVID-19 relief ending.

Full article

Electronic Signature, Transmission and Storage - Guidance for Multifamily Assisted Housing Industry Partners

Full article

National News

Can Small Businesses Still Apply for PPP Loans? Yes — but Not for Long
Commercial – Payroll Protection Program

Supreme Court ruling on LGBTQ protections could set precedent for housing
Residential – Housing discrimination

Calif.’s SB 939 Fails in Committee
Commercial – Landlord/tenant

Bill to allow rent control in Mass. takes a step forward on Beacon Hill
Residential – Rent control

IRS Extends Key Opportunity Zone Deadline
Commercial – Opportunity Zones

Black community braces for next threat: Mass evictions
Residential – Evictions

Landlords’ New Credo for Late-Paying Retail Tenants: I’ll See You in Court
Commercial – Landlord/Tenant, Evictions

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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