Government Affairs Digest - September 2021

Govn Affairs Digest

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News from HQ

National Flood Insurance Program Expires September 30

NFIP’s authority to provide flood insurance is currently set to expire at midnight on Thursday, September 30, 2021. While we continue to work toward long-term reauthorization and reforms of the program, our number one priority is ensuring it does not lapse.

Urge your legislator to support NFIP

More info

Attend our “COVID, Cannabis, and Beyond: Advocacy and Action for Real Estate Managers” at the Global Summit

On October 13th, attend our one-hour session either at 1:45pm or 3:45pm to hear our expert panelists discuss the top opportunities and challenges property managers are facing in 2021. From COVID-related issues to current legislation in Congress and cannabis issues, staying on top of the latest impacts will help you be a more knowledgeable resource for owners and investors.

Go to our Global Summit Schedule to learn more.

IREM signs onto Emergency Rental Assistance Program letter

As part of a coalition of housing providers, IREM sent a letter to the House Financial Services Committee regarding H.R. 5196, "Expediting Assistance to Renters and Landlords Act of 2021," sponsored by Committee Chair Maxine Waters (D-CA).

While we support efforts to improve and speed up Emergency Rental Assistance Program (ERAP) funding disbursement, we oppose the requirement in the bill that housing providers not evict a tenant for an additional 120-days after applying for rental assistance on their behalf.

The coalition has consistently provided recommendations to both Congress and the Administration for improvements to ERAP disbursement and has also maintained that policies which attach additional conditions for housing providers who participate in the program will have the opposite of the intended effect and lower participation rates.

Read the full letter

Contact IREM Government Affairs to present at your chapter meeting

The IREM Government Affairs Department would be happy to present at your next Chapter event! Over the past several months, the Government Affairs staff has presented at several Chapter events, such as Boston, Arizona & San Diego, addressing issues important to the industry including: COVID relief; the CDC Eviction Moratorium, Rental Assistance and Federal & State Cannabis Laws on Commercial & Multifamily properties.

Affordable Housing

HUD Charges Missouri Housing Providers with Housing Discrimination
Residential – Fair Housing

Biden’s Affordable Housing Plan Would Mean a Major Expansion of the LIHTC Program
Residential – Affordable Housing

National News

Carried Interest Might Finally Die, But It Still Has Powerful Friends
Commercial & Residential – Carried interest

Lawmakers attempt to revive nationwide eviction moratorium
Residential – Eviction moratorium

Senate Proposal Would Overhaul Partnership Tax Rules
Commercial & Residential – Tax

California Governor Takes Action to Combat Emotional Support Animal Fraud
Residential – Assistance animals

New Flood Rates Debut Oct. 1 Unless Congress Acts
Commercial & Residential – Flood Insurance

The feared eviction ‘tsunami’ has not yet happened. Experts are conflicted on why
Residential – 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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