Blog $2 Trillion Coronavirus Rescue Package Signed into Law The relief package includes a vast pool of grants and loans for small businesses, a large expansion of unemployment insurance, and new resources to help strained state, local, and tribal governments as they combat this pandemic. 03/30/2020
Blog Congress Continues to Work on COVID-19 Economic/Health Care Relief Measure Senate negotiators and Treasury Secretary Steven Mnuchin have been working on an agreement that would help blunt the economic fallout of the coronavirus crisis. 03/23/2020
Blog Fed and FHFA Act to Increase Liquidity in Mortgage Securities Market The Federal Reserve said today that it would significantly expand its purchases of mortgage backed securities, helping provide liquidity to the nation’s mortgage markets. 03/23/2020
Blog Nareit Joins with Other Groups Asking the Treasury Department for Temporary Like Kind Exchange Relief Nareit is asking the Treasury Department to respond to the COVID-19 emergency as it has with past disasters. 03/23/2020
Blog Hawaii State Legislature Suspended Indefinitely All committee hearings and floor sessions are also cancelled. 03/20/2020
Blog Nareit Asks Treasury to Allow Public REITs to Use 90% Stock to Satisfy Their Distribution Requirement The IRS’ current guidance requires the mix of stock and cash to be 80%/20%. 03/19/2020
Blog Hawaii House Committee Holds Hearing on SB 2697 SD1 On Friday, March 13, the Hawaii House Committee on Economic Development and Business held a hearing regarding temporarily disallowing the REIT DPD. 03/16/2020
Blog Hawaii Senate Passes Temporary Disallowance of REIT Dividends Paid Deduction SB 2697 would temporarily disallow the REIT DPD, except when 100% of a REIT’s real property is used to provide affordable housing in Hawaii. 03/09/2020
Blog Welcome Reception for New Nareit Hawaii Office Attendees included member REITs, beneficiaries of Nareit Foundation grants for affordable housing, industry advocates, and policymakers. 03/06/2020 Image
Blog Nareit Backs Bipartisan Federal Legislation to Reduce Barriers to Affordable Housing in the United States The Yes in My Backyard Act encourages localities to eliminate discriminatory land use policies. 02/28/2020
Blog Nareit Submits Comments on Proposed Regulations That Would Limit Compensation Deductions for REIT Partnership Employees IRS private letter rulings issued before the 2017 bill confirmed that the prior limits on cash compensation did not apply to employees of partnerships that had corporations as partners, such as Operating Partnerships of UPREITs. 02/20/2020
Blog House Ways & Means Committee Discusses Corporate Income Tax On Feb. 11, the House Ways & Means Committee held a hearing titled, “The Disappearing Corporate Income Tax.” 02/15/2020
