California’s November Ballot Initiatives and Their Impact on Real Estate Finance

Register Now
  Regular
MBA Member Price $0.00
Non-Member Price $99.00

Description

Discounts:

Members of the California MBA get complimentary access to this webinar. Please contact Allison Yaworske at ayaworske@mba.org or Susan Milazzo at susan@cmba.com for the promo code.

Summary:

Join MBA, California MBA and industry experts as they discuss the issues on California’s November Ballot. Specifically, on election day this November, California voters will decide whether to:

  • Significantly expand recently enacted strongest-in-the-nation statewide rent control and renter protections and empower local governments to impose even more restrictive rent control policies of their own – Proposition 21
  • Amend the state constitution to change commercial property tax assessments. If approved, the initiative will collectively cost businesses in the state up to an additional $12 billion annually – Proposition 15

Both ballot initiatives are opposed by MBA and the California MBA. While they are a clear threat to commercial and multifamily members of both groups, these ballot initiatives are concerning to the entire real estate finance industry.

This webinar will present in-depth analysis of both issues as well as the campaigns that have organized to oppose them.

Most importantly, the speakers will discuss how you and your organization can help with advocacy to defeat Propositions 21 and 15.

For more information on the Rent Control Ballot Proposition Issue (Proposition 21), please click here.

For more information on the Split Roll Ballot Proposition Issue (Proposition 15), please click here.

Time:

1:00-2:00 PM ET

Objectives:

  • Increase your knowledge and understanding of the California ballot election process
  • Learn about these rent control and commercial property tax issues in California
  • Gain insight on the potential impact these proposals up for consideration by the votes in November could have on your company if not defeated
  • Learn how you and your organization can help with advocacy in California even if you are not located in the state

Who Should Attend?

  • All real estate financial professionals, especially those in California and those whose careers are focused on commercial and multifamily lending
  • Senior CREF member leadership
  • Servicers, Originators, Loan closers, Compliance staff
  • Others concerned with commercial real estate finance matters, such as attorneys and consultants who work with in the real estate finance industry

Speaker(s):

  • Tom Bannon, CEO, California Apartment Association 
  • Mike Flood, Senior Vice President, Commercial/Multifamily Policy and Member Engagement, Mortgage Bankers Association
  • William Kooper, Vice President of State Government Affairs and Industry Relations, Mortgage Bankers Association
  • Rob Lapsley, President, California Business Round Table
  • Susan Milazzo, CEO, California Mortgage Bankers Association
  • Pete Mills, Senior Vice President of Residential Policy and Member Engagement, Mortgage Bankers Association