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Government Affairs Digest - March 2019

Govn Affairs Digest

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News from HQ

COVID-19 resources and information for property managers

Property managers around the world are concerned about the health and well-being of their tenants and residents, as well as operational and business implications, related to the spread of the Coronavirus (COVID-19).

IREM continues to provide updates and create resources helpful for members and property managers across the globe. These are resources you can use now, in your jobs, to help address some of the unprecedented things happening in your business.

For more information please visit irem.org/learning/coronavirus.

From the front lines: CARES Act

Featuring Ted Thurn, IREM Director, Government Affairs

“From the Front Lines” is a new series of short 10-15-minute videos that IREM will be sharing on a regular basis in the coming weeks on topics related to helping you manage your business.

On Friday, March 27th, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. The CARES act is a $2 trillion stimulus package to aid individuals and businesses amid the COVID-19 pandemic. How does this impact property managers? IREM Government Affairs Director, Ted Thurn, provides an overview of the package and what it means for you and your businesses in this special edition of From the Front Lines.

Watch the video

Advocacy actions on COVID-19

IREM has signed on to several letters to the White House, Congress, the Department of Homeland Security, the Treasury, and the IRS advocating for aid to residents and businesses, designating construction of single-family and multifamily housing as an “essential infrastructure business,” and extending the deadline for 1031 like-kind exchanges and Opportunity Zone participants.

The full letters can be read on IREM's COVID-19 page.

IREM and CCIM also partnered to issue calls to action asking members to urge their legislators to support a measure for federal relief for commercial and residential properties. Check out IREM’s campaign page to view the call to action message or tell your federal legislators how this pandemic has affected your business.

2020 Capitol Hill Fly-in recap

At our 2020 Fly-in, held March 10-11, over 50 members attended and conducted over 100 meetings with legislators to discuss the importance of reauthorizing and reforming the National Flood Insurance Program (NFIP), and supporting the “Secure and Fair Enforcement (SAFE) Banking Act,” (H.R. 1595, S. 1200).

For more information, review the Fly-in orientation manual and Fact sheets.

To learn more about issues we discussed with legislators, watch the recording of our webinar “Capitol Hill Fly-in: Issues to discuss with legislators and their staff.”

IREM Member Spotlight

From the front lines: rent abatement and concessions

Featuring IREM President-Elect Chip Watts, CPM®, CCIM and Mindy Gronbeck, CPM®, CSM, CSX discussing rent abatement and concessions.

Watch the video

Affordable Housing

House passes yes in my backyard act

National News

Governor executive orders in response to the coronavirus and COVID-19
Commercial & residential – COVID-19

Trump signs $2T coronavirus relief package
Commercial & residential – COVID-19 relief

Opinion: What’s driving rental affordability in Atlanta
Residential – Housing affordability

California Gov. Newsom issues executive order to protect renters, homeowners
Residential – Landlord/tenant

CRE associations ask government for help with CMBS liquidity
Commercial – Financing

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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