{"id":1004714570,"date":"2024-05-23T04:43:49","date_gmt":"2024-05-23T12:43:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004714570"},"modified":"2024-05-24T04:41:00","modified_gmt":"2024-05-24T12:41:00","slug":"executive-council-legislation-to-keep-an-eye-on","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/executive-council-legislation-to-keep-an-eye-on\/","title":{"rendered":"CPE Executive Council: Legislation to Keep an Eye On"},"content":{"rendered":"
\n
\"CPE<\/figure><\/div>\n\n\n

It’s an election year, but that isn’t the only thing coming out of D.C. those in commercial real estate should be watching out for. The CPE Executive shares the initiatives effecting the industry that they’re keeping an eye on.<\/p>\n\n\n

\n\n
\n
\"Josh
Josh Poag<\/figcaption><\/figure><\/div>\n\n\n

Shopping Around<\/strong><\/p>\n\n\n\n

The most important legislative issue for the shopping center industry is Organized Retail Crime (Combating Organized Retail Crime Act of 2023\u2033 (S. 140\/H.R. 895)).\u00a0There are many more bills working their way through state legislatures.<\/p>\n\n\n\n

Retail has been hit hard by organized crime as there has been a push not to endanger employees over theft and for courts not to prosecute thefts under certain dollar amounts. Criminals are smart enough to stay under these thresholds and avoid prosecution.<\/p>\n\n\n\n

ORC increases theft, lawlessness and chaos, which has hit retailers hard, with some closing stores that are being hit especially hard by the crime wave.<\/p>\n\n\n\n

Our industry is encouraging legislation to increase penalties, allowing law enforcement to aggregate the amount of stolen goods, creating a criminal code for ORC in some states currently without the criminal code, and establishing statewide ORC task forces. \u2014Joshua Poag, CEO, Poag Development Group<\/a><\/p>\n\n\n

\n\n
\n
\"Jeff
Jeff Hamann<\/figcaption><\/figure><\/div>\n\n\n

Keeping it Broad<\/strong><\/p>\n\n\n\n

I\u2019m not following any specific bill in any specific jurisdiction at this<\/em> point. There are so many different, often conflicting bills moving at the local, state and federal levels that any investment strategy overly based on legislative progress (or stalling) is like reading tea leaves.<\/p>\n\n\n\n

What\u2019s important and a better return on investment is simply understanding local needs wherever you\u2019re investing. It\u2019s much easier (and often far more fulfilling and impactful) to work with the Kenosha City Council instead of the opaque sausage-making machine of Washington, for example.<\/p>\n\n\n\n

Washington politics are<\/em> important, but I\u2019d rather wait until there\u2019s something to actually focus on. There\u2019s no need to dedicate too many waking hours to bills that may in all likelihood die in committee. \u2014Jeff Hamann, Editorial Director, Janover<\/a><\/p>\n\n\n

\n\n
\n
\"Doug
Doug Ressler, Manager, Yardi<\/figcaption><\/figure><\/div>\n\n\n

Multiple Options<\/strong><\/p>\n\n\n\n

MassHousing and the Massachusetts Housing Investment Corp. are starting a new fund aimed at diversifying the state\u2019s housing industry.<\/p>\n\n\n\n

The partnership will launch the Equitable Developers Fund with $50M in public funding to provide financing to developers from \u201csocially and economically disadvantaged backgrounds and communities,\u201d according to a press release Wednesday. It plans to raise an additional $25M from private investors.<\/p>\n\n\n\n

Georgia\u2019s annual legislative session kicked off on Jan. 8, and a number of housing-related proposals from Democrats are up for consideration.<\/p>\n\n\n\n

House Bill 404 would codify a minimum, but undefined standard of \u201chabitability\u201d for rental complexes; Senate Bill 125 would repeal Georgia\u2019s decades-old ban on rent regulation; and Senate Bill 29 would limit powerful homeowner\u2019s associations\u2019 ability to place liens against property when residents fall behind on dues and fines.<\/p>\n\n\n\n

State Sen. Sean M. Ryan is pushing a five-year plan that calls for housing reform in Buffalo and other upstate cities that would create hundreds of starter homes, provide incentives for landlords to fix substandard rental properties, help homeowners save on energy costs and ease homelessness.<\/p>\n\n\n\n

Ryan believes his \u201cholistic\u201d four-part plan will help address Buffalo\u2019s generational shortage of high-quality, affordable homes and rental units in Buffalo, bolstering the city\u2019s economy and growing its population.<\/p>\n\n\n\n

In 2019, the state of Oregon passed a bipartisan law that required cities of 10,000 or more to ban exclusionary single-family zoning.<\/p>\n\n\n\n

Other states are considering similar actions. Having passed and signed into law Senate Bills 9 and 10 in September 2021, California is now the second state to act on a form of upzoning.<\/p>\n\n\n\n

And AB2011 and AB2243 increasing residential density.<\/p>\n\n\n\n

Florida lawmakers have passed a bill updating last year\u2019s Live Local Act, offering some concessions to single-family neighborhoods while ultimately expanding the law\u2019s purview even further.<\/p>\n\n\n\n

The original Live Local Act was designed to increase workforce housing development, and its main provision allowed developers to bypass local zoning restrictions on projects where at least 40 percent of units are priced as workforce housing. The law requires local administrative approval, pre-empting community review. \u2014Doug Ressler, Manager, Business Intelligence, Yardi<\/a><\/p>\n\n\n

\n

Interested in joining the CPE Executive Council and being featured in future articles? Email\u00a0Jessica Fiur<\/a>.<\/em><\/p>","protected":false},"excerpt":{"rendered":"

The election isn’t the only thing to watch out for. <\/p>\n","protected":false},"author":443,"featured_media":1004714747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[52209],"tags":[52366,52407,35457],"class_list":["post-1004714570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-executive-council","tag-janover","tag-poag-development-group","tag-yardi"],"acf":[],"yoast_head":"\nCPE Executive Council: Legislation to Keep an Eye On - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/executive-council-legislation-to-keep-an-eye-on\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CPE Executive Council: Legislation to Keep an Eye On\" \/>\n<meta property=\"og:description\" content=\"The election isn't the only thing to watch out for.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/executive-council-legislation-to-keep-an-eye-on\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-23T12:43:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-24T12:41:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/05\/CPE_Executive_Council_Headshots-0523.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jessica Fiur\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/executive-council-legislation-to-keep-an-eye-on\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/executive-council-legislation-to-keep-an-eye-on\/\",\"name\":\"CPE Executive Council: Legislation to Keep an Eye On - 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