Government Affairs Digest - August 2024

Federal Action Center — Action Center

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News from HQ

President Biden’s Rent Control Proposal

Recently, the Biden Administration announced a proposal to cap annual rent increases at 5% per year for the next two years or risk losing current valuable federal tax breaks. The proposal, if passed by Congress, would apply to landlords who own more than 50 units. 

IREM^® issued a statement in response to the proposal asserting how IREM opposes federal rent controls and will remain committed to advocating for strategies to increase housing supply. IREM signed a coalition letter with 19 other housing organizations requesting the Administration to reject rent control and instead increase subsidies for those in need and work with housing providers on proven solutions – such as those outlined in the administration’s Housing Supply Action Plan – to expand the supply of needed affordable housing.

IREM created a Call to Action so members can contact their federal lawmakers to ask them to oppose this proposal as it would negatively affect the property management industry. 

Click here to participate in the Call to Action.

Upcoming Congressional Briefing September 25

Next month, the government affairs team will travel to Washington D.C. for our annual congressional briefing. The briefing, “The Impact of Federal Policies on Real Estate,” will focus on federal policies that affect the real estate and property management industry. Our panelists Shira Ali, CPC, CPM^®, ARM^®, RAM, and Jae A. Roe, CPM^®, ACoM^®, will provide an overview to Congressional staffers on the important issues affecting residential properties including the Choice in Affordable Housing Act (S.32/H.R.4606), and the Respect State Housing Laws Act (S.3755/H.R.802). The briefing will also include an overview of the commercial real estate markets and rising property insurance costs.

Meet with your legislators during August recess

With federal legislators back in their home districts for recess, August is the perfect time to schedule an in-district meeting. Reach out to your congressional offices now to set up an in-person meeting. Visit irem.org to access tools to prepare for your upcoming meeting and learn how to conduct successful meetings with legislators.

Not sure who your federal legislators are? Use the “Find my Officials” feature on irem.org.

Contact IREM Government Affairs to present at your next chapter meeting

Are you interested in having the IREM HQ Government Affairs team present at your next Chapter meeting? Past presentations addressed rent control, cannabis legislation, affordable housing, Section 8 vouchers, and more.

Schedule a presentation on issues affecting the property management industry.