Colorado Association of REALTORS | Capitol Connection
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Capitol Connection

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Capitol Connection – May 29, 2020

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...

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Capitol Connection – May 9, 2020

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...

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Capitol Connections – April 25, 2020

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...

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Capitol Connection – April 10, 2020

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...

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Capitol Connection – March 27, 2020

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...

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Capitol Connection – March 20, 2020

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...

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Capitol Connection – March 13, 2020

Coronavirus: A Guide for REALTOR® Associations In response to concerns about the spread of the Coronavirus (COVID-19) and confirmed cases now appearing in Colorado, CAR is actively implementing additional health and safety measures for its officers, directors, members, and staff as we continue to monitor the situation closely. The CDC reports that most people in the United States do not have...

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Capitol Connection – March 6, 2020

Limiting Statewide Growth: Initiative #122 Four petition firms have registered to gather signatures to put Initiative 122 on the November ballot, according to the Secretary of State's Office. Proponents have until June 5th to gather at least 150,000 valid signatures.If you are approached and asked to sign a petition, please be aware of and fully understand what it is that...

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Capitol Connection – Feb. 28, 2020

LPC Positions Updated to Comply with New SOS Lobbyist Disclosure Requirements CAR's Legislative Policy Committee has recently updated their bill positions to include "Amend" as an option in lieu of "Neutral" to comply with Lobbyist Disclosure Requirements set by the Secretary of State. CAR may utilize the following positions when taking an official stance on legislation: Support: CAR is currently in...

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Capitol Connections – Feb. 21, 2020

HB20-1035: Programs to Develop Housing Support Services -- LPC Position: Support Rep. Singer (D-Longmont) and Sen. Fields (D-Aurora) Summary: HB-1035 expands current programs and creates two additional grant programs in the Division of Housing in the Department of Local Affairs (DOLA) to provide supportive housing services to individuals with behavioral health disorders who have been involved in the criminal or juvenile justice...