Public Affairs Update

Public Affairs Update…………………………………………....………………………March 9, 2016

  • Hearing on CRE lending regulations

  • FASB Issues New Lease Accounting Standard

  • Housing Boulder—‘Maintain the Middle’

  • Pizza & Public Affairs Wednesday April 6, 2016 10:00am to 12:45pm at Boulder Junction**Note time and location change!

  • In Case You Missed It

     

    Hearing on CRE lending regulations

    On Wednesday, February 24, the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises held a hearing on "The Impact of the Dodd-Frank Act and Basel III on the Fixed Income Market and Securitizations." Subcommittee members and witnesses discussed the effects that overly-broad and burdensome regulations for commercial real estate financing and lending institutions have on the economy.  They also reviewed the new commercial real estate risk retention rules scheduled to go into effect on December 24, 2016. NAR sent a letter to the Subcommittee stressing the cumulative detrimental effects such regulations have on access to capital for commercial real estate. NAR stressed the need for widening the Qualified Commercial Real Estate (QCRE) exemption to the risk retention rules to allow for more low-risk CMBS transactions to be included.  Read NAR's Letter [Source: NARupdate 02-29-2016]

     

    FASB Issues New Lease Accounting Standard

    The Financial Accounting Standards Board (FASB) released the final version of its updated lease accounting standards. The standards have been under revision for several years. NAR has actively participated in the standards revision project working with several coalition partners from the banking and real estate community. The new standard on leases will take effect for public companies for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. For all other organizations, the new standard will take effect for fiscal years beginning after December 15, 2019, and for interim periods within fiscal years beginning after December 15, 2020. [Source: NARupdate 0302-29-2016]

    Visit the FASB web site(link is external) for more information. 

    Read a brief summary(link is external) on the issue. 

    Learn more about NAR's engagement on the issue.

     

Housing Boulder -- "Maintain the Middle"

Developing a middle-income housing strategy and program is a priority for the city this year. On March 29, City Council will have a broad discussion of the current housing situation in Boulder, approaches other communities take, possible policy options and next steps toward developing a strategy. In the meantime, read the recently completed Middle-Income Housing Study, which was discussed at the Feb. 23 study session that can be viewed online, and learn more at the Housing Boulder website. [Source: City of Boulder]

 

Pizza & Public Affairs Wednesday April 6, 2016 10:00am to 12:45pm at Boulder Junction**Note time and location change!

 

We are taking Pizza & Public Affairs on the road this month for a truly unique and insiders Tour of Boulder Junction and an in depth look at its future.

 

Speakers: Too many to list but this will be an information packed event!

 

We will start with a walking tour that will include existing development, future development sites and an opportunity to preview existing residential units.

 

We will end up at the Roadhouse Boulder Depot for complementary lunch and presentations about several recently approved projects surrounding Boulder Junction and the Transit Village area. See a Draft Agenda below.

 

Boulder Junction Tour for Boulder Area REALTOR® Association

Wednesday, April 6, 2016

10:00 – 11:30 Walking Tour

10:00     Meet at Depot Square, outside Roadhouse Boulder Depot restaurant

10:10     Boulder Junction at Depot Square Station

10:20     Depot Square parking structure and affordable housing units

10:30     Hyatt Place Boulder/Pearl Street – Susi Keating, General Manager

10:45     Solana 3100 Pearl LEED Silver Certified apartment community

               RÊVE Boulder site

11:00     Pollard site

Junction Place Bridge at Goose Creek

Nickel Flats condominiums

Boulder Commons site

S’PARK site

 

11:30 – 1:00 Presentations and lunch – Roadhouse Boulder Depot

11:45     Boulder Commons – Andy Bush, Morgan Creek Ventures, LLC

               12:00     S’PARK (Southerland Park) – Scott Holden, Element Properties

               12:15     Boulder Junction Access District Commissions – Molly Winter, City of Boulder

 

Don’t miss this unique opportunity for an insiders’ look at the evolving east Boulder community and its residential, retail and commercial properties…

RSVP Today!

 

 

In Case You Missed It