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Advocacy

The Central Texas Association of REALTORS (CTCAR), along with the Texas Association of REALTORS (TAR) and
National Association of REALTORS (NAR), is working to keep you up-to-date on governmental affair issues affecting
the commercial real estate industry.


HOT TOPICS:

CTCAR is passionate about keeping our community affordable for families to work, play and live. CTCAR has created several videos regarding CodeNEXT to help educate the public. Your involvement in the ongoing CodeNEXT process is essential to keep our City affordable for all. Please take a moment to watch our most recent video below and visit our YouTube Channel for additional video.

CALL TO ACTION!

The CTCAR Board of Directors is very supportive of an inclusive, affordable and accessible Austin community. Unfortunately, the most recent version of the City of Austin development code, CodeNEXT 3.0, fails to meet these goals and will inhibit smart, progressive, affordable and efficient growth.

 

CTCAR supports commercial real estate professionals and associations within the real estate industry including RECA's (Real Estate Council of Austin) Board Position on CodeNEXT 3.0. CTCAR’s Board Position is supportive of RECA and believe they have identified reasonable solutions to CodeNEXT.  

 

The CTCAR Board of Directors would like to ask its members to reach out to the Mayor of Austin and their respective City Council Members, Planning Commission, Zoning and Platting Commission, and the City Manager to reject the current version of CodeNEXT. The following link will allow members who reside and work within the Austin area to reach out voice our concerns with CodeNext 3.0.

TAKE ACTION TODAY!

LOCAL

STATE

NATIONAL

CTCAR is involved in City policies to keep you up-to-date on issues affecting the commercial real estate industry.  Here are some of the issues that local members should be aware of:

CodeNEXT

Parkland Ordinance

Tree Ordinance

Rough Proportionality

Transportation:

The Texas Association of REALTORS® (TAR) is active at the state Capitol to help pass good laws related to real estate and defeat the detrimental ones.  Below are some issues that could impact commercial real estate:

During the 85th regular session, TAR supported House Bill 1449 (Simmons), which prohibits cities from imposing linkage fees on all new residential and commercial construction. These fees raise costs to real estate consumers and harm economic growth and expansion in Texas. Gov. Abbott signed the bill restricting these linkage fees on May 29, and the law became effective immediately.

TAR opposed legislation during regular session that would have changed appraisal standards to allow a central appraisal district (CAD) to appraise specialized commercial property (such as large-format retail buildings) using a method that includes hypothetical use in the valuation. This change in valuation standards would have made commercial property owners subject to property taxes based on their potential business operations ("value of use"), rather than the value of the physical structure and land.

TAR also opposed multiple bills this session that would have extended the 10% appraisal cap on homestead residences to commercial and industrial real property. TAR has historically opposed attempts to artificially limit a property’s market value, as value increases are signs of a robust local and state economy and lead to greater building of wealth.

While personal property exchanges are no longer part of section 1031, NAR was successful in maintaining protections for real property assets. Real property 1031 exchanges stimulate the US economy and benefit taxpayers at all levels.

The National Association of REALTORS (NAR) advocates on behalf of its members to foster a sound and dynamic U.S. real estate market that creates vibrant communities in which to live and work.  Specifically the following issues  currently being addressed that could impact commercial real estate:

Tax Reform

1031 Like Kind Exchanges

Immediate Write off of Commercial Building

Repeal & Interest Empress Deduction

Additional NAR initiatives that are of importance as identified by markets.

 

 

How to get involved?

  1. Attend CodeNEXT meetings.
  2. Sign up to receive the TAR Legislative Liaison during session
    • Update "Email Preferences" at the TAR website to receive newsletter).
  3. Donate to TREPAC which is one of the strongest Political Action Committee in the State of Texas.
  4. Join our Governmental Affairs Committee to be involved in CTCAR activities related to the above issues.

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