By Liz Peetz, CAR VP of Government Affairs In these unconventional times when we are facing enormous obstacles to our daily lives to pursue our businesses, support our families, or try to have honest conversations about what is happening around the country, I am reminded of the powerful words of historian Doris Kerns Goodwin; “Progress goes up and down throughout history, but the most...
Government Affairs Update And That's a Wrap, Legislative Session Adjourns Sine Die The final gavel of the 2020 legislative session came down late in the afternoon on Monday. Looking back to January, many would not have imagined discussions through plexiglass and debates on various legislative proposals carrying on through mid-June. Although stay-at-home orders and social distancing requirements paused the work of the...
Government Affairs Update 2020 Legislative Session Nears the Finish Line The Colorado General Assembly is likely to adjourn this weekend if they complete their work. Despite a global pandemic, more than 700 bills were introduced in the 2020 legislative session. The Colorado Association of REALTORS® tracked 89 pieces of legislation and took a position on 49 bills with the direction of CAR's...
Government Affairs Update CAR Advocates for Colorado REALTORS® The legislative session is back on and rolling quickly with fast moving Covid-19 relief packages coming to the table for discussion. We expect the pace to continue at a high speed as our state legislators even plan to work over the weekend. Over the past week, CAR's Government Affairs...
The Latest from NAR Houses Passes Paycheck Protection Program Flexibility Act Earlier this week, the U.S. House of Representatives passed the "Paycheck Protection Program Flexibility Act," which makes several amendments to the CARES Act to make PPP loans more helpful to small businesses by increasing flexibility. The changes include: Extending the program sunset to December 31, 2020; Extending the length of time businesses...
The Latest from NAR FHFA Responds to NAR's Letter Requesting Support for Mortgage Liquidity NAR received a letter from the FHFA in response to NAR's letter send to the Treasury, Federal Reserve Board, and FHFA on March 27th requesting their support to improve liquidity in the mortgage market. IRS Grants 1031 Deadline Relief The 45-day and the 180-day deadlines under Section...
An Inspirational Note from Elizabeth Peetz, VP of Government Affairs Elizabeth Peetz Covid-19 really makes us all challenge many assumptions that we have held. Can I stay in my home on a regular basis without going stir crazy? Do I cook well enough to take the time to enjoy slowing down to eat with my family or quarantine companion? Can I be...
A Hopeful Message from CAR CEO, Tyrone Adams COVID-19 has made all of us do and try some things that maybe we wouldn't do otherwise. For me, it is trying new things while working remotely to prevent myself from sitting in one spot all day and falling victim to mindless snacking! I started practicing juggling when I take breaks. Now...
Updated Public Health Order for Colorado to Include Real Estate as Critical Business Yesterday, Governor Polis and the Department of Public Health and Environment released an updated public health order in accordance with Wednesday's executive order implementing a statewide stay-at-home order, in effect from March 26 through April 11, 2020. The public health order was updated to include a number of critical...
Government Affairs Update March Budget Forecast Due to the COVID-19, the Colorado General Assembly has temporarily adjourned until March 30, 2020 (HJR-1007). Colorado's Constitution requires a legislative session of 120 calendar days. The current legislative session is scheduled to adjourn no later than May 6, 2020. With the temporary adjournment until at least March 30, 2020, there is a question whether the...