CREF Policy Update: COMBOG Meets on 2025 Commercial/Multifamily Priorities; Advocacy Highlights at #MBAAnnual24
COMBOG Meets on 2025 Commercial/Multifamily Priorities
Last Tuesday, as part of MBA’s Annual Convention and Expo (#MBAAnnual24) in Denver, the association’s Commercial Multifamily Board of Governors (COMBOG) met to confer on the critical issues facing commercial markets today and into 2025.
• At the top of the panel’s list of discussion items were the cost and availability of property insurance, rent control, capital standards, and the health and efficiency of the government-sponsored enterprises (GSEs) and Federal Housing Administration financing programs. Established priorities for 2025 will include tax policy (with the expiration of the Tax Cuts and Jobs Act provisions looming), any possible GSE reforms, and climate and sustainability issues. COMBOG also reviewed possible outcomes of the November elections.
Why it matters: MBA’s ongoing advocacy on these issues is critical to ensuring continued liquidity in commercial and multifamily mortgage markets.
What’s next: In November, COMBOG will review the impact of the election on each of these issues to help develop and refine MBA’s advocacy strategy.
For more information, please contact Megan Booth at (202) 557-2740.
Advocacy Highlights at #MBAAnnual24
If you attended #MBAAnnual24 last week in Denver, we hope you found it impactful, especially as we near Election Day. Throughout the week, MBA’s Legislative and Political Affairs team held a series of fun and exciting events aimed at growing the industry’s grassroots network (Mortgage Action Alliance or “MAA”) and federal political action committee (MORPAC). Whether it was enjoying lunch with MBA’s lobbyists, participating in a round of “Election Jeopardy,” or stopping by for a sweet treat at the MBA booth, attendees were encouraged to vote and become even more active advocates for real estate finance.
• The team hosted its annual MAA and MORPAC advocacy reception and exceeded its fundraising goal of $2 million for the 2024 election cycle.
• MORPAC also hosted two invitation-only events, including a candidate fundraiser in support of House Financial Services Committee Member Congresswoman Brittany Pettersen (D-CO) and a meet-and-greet with former House Speaker John Boehner.
• Newly appointed 2025 MBA Vice Chair and current MORPAC Chair Owen Lee also presented the annual Schumacher-Bolduc award to incoming 2025-2026 MORPAC Chair Nanci Weissgold, Partner at the law firm of Alston & Bird.
Why it matters: A growing MAA remains important to our efforts to help amplify MBA’s advocacy thrust on Capitol Hill, including enhancing MORPAC’s fundraising potential. Attendees at all of these events had the opportunity to discuss the latest in Washington, hear about potential results of various election outcomes, discuss legislative and regulatory issues, and network with other industry advocates.
What’s next: Registration for MBA’s National Advocacy Conference (NAC), April 8-9, 2025, in Washington, D.C., is now open.
For more information, please contact Jamey Lynch, AMP at (202) 557-2818 or Erin Reilly at (202) 557-2751.
MBA Commercial Council and Servicer Council Meetings
On Wednesday, Nov. 20 at 1:00 pm EST, Servicer Council leaders Brett Adams of Berkadia, Frankie Jones of Lincoln Financial, and Elizabeth Burnett of Slatt Capital will hold an insightful conversation on the election outcomes how they will affect commercial/multifamily industry servicers. Attendees will also receive a market update just in time to close out the calendar year.
• Participating in these industry conversations will help attendees to better understand what they will face in the near future and how those impacts with affect their business operations.
For more information, please contact Tonya Wright at (202) 557-2846 or Jacky Salazar at (202) 557-2746.
MBA CREF Connects NY: Nov. 12
MBA is excited to invite you to an exclusive evening of networking and connection with fellow CRE professionals in New York City!
Date: Tuesday, November 12, 2024
Time: 6:00 PM – 9:00 PM ET
Location: Ainsworth Midtown, 45 East 43rd Street, New York, NY 10016
Why it matters: MBA CREF Connects events provide members with opportunities to network with leading CRE professionals and engage in collaborative discussions.
What’s next: Register before Nov. 8 to secure your spot.
For more information, please contact Tonya Wright at (202) 557-2846 or Jacky Salazar at (202) 557-2746.
Upcoming MBA Education Webinars on Critical Industry Issues
MBA Education continues to deliver timely commercial/multifamily and single-family programming that covers the spectrum of challenges, obstacles and solutions pertaining to our industry. Below, please see a list of upcoming and recent webinars – all complimentary to MBA members:
• Mastering Commercial/Multifamily Lender-Placed Insurance – Nov. 7
• Manufactured Housing: An Emerging Multifamily Supply Solution – Nov. 13
• Transition Climate Risks: From Initial Assessment to Mitigation – Nov. 20
• Navigating and Ensuring Accurate Reporting with the MBA Commercial and Multifamily Inspection Form – Dec. 5
MBA members can register for any of the above events and view recent webinar recordings by clicking here.
For more information, please contact David Upbin at (202) 557-2931.
