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government affairs digest - june 2024

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news from hq

new bipartisan real estate caucus formed in congress  

in early may, four congresspeople launched a bipartisan real estate caucus, which will address the lack of housing affordability and inventory nationwide. all the founding members of the caucus have real estate experience and include reps. mark alford (r-mo.), j. luis correa (d-calif.), tracey mann (r-kan.) and brittan pettersen (d-colo.).  

the caucus will help develop policies aimed at increasing the nation’s housing supply and providing more homeownership and rental housing opportunities to more americans. 

trade organizations, including the national association of realtors®, agree that the formation of this caucus will help highlight important issues in the industry, such as housing supply and accessibility.

irem® looks forward to working with the caucus and fostering a strong relationship with its members.  

recent coalition letters 

irem, along with several other real estate organizations, have signed on to several coalition letters on various industry initiatives including: 

advocacy spotlight: california call to action  

recently, irem has spearheaded a call to action campaign in california to urge legislators to oppose senate bill 1103, which would increase commercial tenant protections and impose requirements detrimental to both property owners. almost 100 individuals from california have contacted their senators through irem’s online platform, voter voice, on this issue. if you’re an irem member who lives or works in the state of california, click here to participate in this call to action.   

is your chapter interested in learning more about irem’s grassroots advocacy platform? contact the government affairs team.

upcoming advocacy update for chapter legislative contacts

on june 11, the government affairs department will host its second quarterly advocacy update of the year. during the meeting, we’ll discuss irem’s upcoming congressional briefing, recent coalition letters, a state legislative update, and will provide a call to action platform demonstration.  

if you are the legislative contact but did not receive an invite to the meeting, please contact hillary vrba at hvrba@irem.org.  

 

wrap-up of state legislative sessions 

most state legislatures have adjourned for this year. view the full report of all legislation tracked during the 2024 session. 

 

 view full report

 

 

national news 

federal legislation 
is congress having its yimby moment?  

housing affordability 
renters need to make $80,000 to comfortably afford the typical u.s. rental (april 2024 rental market report) 

housing affordability
even high-earning tech workers can’t afford most nyc apartments: report 

 commercial real estate 
can data centers help save commercial real estate? 

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