(Mark Your Calendars. The 11th Annual RealShare Washington, DC convenes at the Ritz Carlton, June 1.)
WASHINGTON, DC-This week, starting Wednesday, about 10,000 Realtors will be descending on Capitol Hill to discuss with their representatives the issues facing the industry. They are here for the annual National Association of Realtors’ Midyear Legislative Meetings & Trade Expo, a weeklong event consisting of internal governance meetings for the association and industry outreach on the Hill.
Home ownership issues will be a topic of debate, along with several key issues for the commercial real estate space, John DiBiase, NAR’s communications director of government affairs, tells GlobeSt.com. “One primary objective is to highlight the importance of bolstering commercial real estate lending through two legislative initiatives,” he says.
One is a measure that would allow credit unions to increase the amount of money they lend, the so-called Small Business Lending Enhancement Act, of which there are versions pending in both the Senate and the House. The other is legislation that would govern the formation of a US covered bond market, which many in the industry see as important to complement the CMBS market. There is legislation in both the House and Senate for that measure as well, DiBiase says.
Other topics Realtors will be discussing with their government representatives include access to affordable financing, streamlining short sales and reauthorizing the National Flood Insurance Program, which is set to expire on May 31. The week will cap off on Thursday with a rally at the Washington Monument on Thursday to highlight the importance of real estate to the general economy.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
