Colorado Association of REALTORS | Government Affairs
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Government Affairs

Federal Government Spending Bill Passes – Here are the Top Real Estate Provisions

On Friday, December 23, the U.S. House of Representatives passed the FY 2023 Omnibus spending package, narrowly avoiding a shutdown and funding the federal government through September 30, 2023. The $1.7 trillion spending package includes funding for agency programs and initiatives important to real estate, including:  Reauthorizing the National Flood Insurance Program (NFIP) through September 30, 2023;  $86 million for HUD Fair...

What Climate Change and Extreme Weather Mean for Real Estate

As life-threatening weather events grow in frequency, our homes, in turn, are becoming more vulnerable. From floods, hurricanes and severe winter storms to droughts, wildfires and extreme heat, residential communities face a growing number of climate-related threats. The more REALTORS® know about extreme weather risks, the better equipped they’ll be to help prospective homebuyers navigate the troubled waters of purchasing a...

Governor Polis Signs Off on Ballot Measures – Which Ones Impact Real Estate

Before the end of 2022, Gov. Jared Polis issued eight proclamations, declaring the vote for ballot measures that the public approved during November's election. Below are the new Amendments and Propositions that impact Colorado real estate. Amendment E. A Constitutional measure referred to the ballot by the General Assembly, it expands the state's homestead property tax exemption, currently granted to qualifying seniors and...

Report: Adapting Colorado Water Systems

The Common Sense Institute released its report on “Adapting Colorado’s Water Systems for a 21st Century Economy and Water Supply.” “Water has been and remains an important issue that will affect housing development,” said CAR’s VP of Public Policy Liz Peetz, who also serves on the Board of Directors for the Common Sense Institute. “We need more than one approach to...

Common Sense Institute Releases Home Affordability Report

A recent Home Affordability report from Common Sense Institute showed that the affordability of purchasing a home in Colorado is at its lowest point since 1989. “Due in large part to the cost of housing, Colorado is an increasingly expensive place to live,” said Dr. Steven Byers, CSI Senior Economist. “With increased prices and rising interest rates, the affordability of purchasing...

Statement on the death of Colorado State Representative Hugh McKean

Today, a great public servant will lay in state in Colorado. Representative Hugh McKean was a hard worker who always brought common sense and logic to a building and conversations that can be very challenging at times. Foremost in his mind were his constituents and the people of Colorado. As a minority leader of the Republican House caucus, he faced internal adversity...

CAR’s Government Affairs Talks Trends in Colorado Real Estate

Liz Peetz, CAR’s Vice President of Government Affairs, was interviewed on the Rocky Mountain Mechanical Contractors Association (RMMCA)’s podcast Tradeswork in November. She spoke about attainable housing, workforce housing, and how the housing market is an economic indicator for builders. “The cost of regulatory compliance is rising. It is taking two years to get a permit approved,” said Peetz. She said...

CAR Announce Legislators of the Year for 2022

ENGLEWOOD, Colo. – The Colorado Association of REALTORS® (CAR), the state’s largest real estate trade association representing more than 30,000 members statewide, has announced Representative Shannon Bird (D-Westminster), and Representative Marc Snyder (D-Manitou Springs) as its “Legislators of the Year” for 2022. As a part of its annual recognition program, CAR extended thanks to Governor Jared Polis and honored Eleni...

Coloradoans to Vote on Affordable Housing November ‘22

If approved by Colorado voters, the fund would provide grants to local governments and loans to nonprofits for developing land for affordable housing; create homeownership programs that provide down-payment assistance; create grants for local governments to fully capacitate applications for zoning and land use permits; and much more. As of Aug. 19, the Colorado Secretary of State’s Office announced that the...

2023 Chair-Elect Jason Witt Touts ‘Who We R®’

Cortez REALTOR® and 2023 CAR Chair-Elect Jason Witt (who will serve as CAR Chair in 2024) noted some interesting facts about his community and the role of REALTORS® in their own communities, as well as his role as an incoming leader for the Association. Witt says REALTORS® can play an important role in building health and sustainable communities, and he hopes...