To strengthen the multifamily industry’s voice and visibility, the NMHC RETTC PAC committee has created a Personal Dollar Campaign.
Each year, we identify several key candidates who are champions for the apartment industry and encourage NMHC and RETTC members to contribute directly to their campaigns, in addition to contributions they make to the NMHC RETTC PAC.
Why Are Personal Dollar Campaigns Important?
Current Federal Election Commission (FEC) rules set limits on the amount of money the NMHC RETTC PAC can contribute to any given candidate. ($10,000 to a congressional candidate during an election cycle: $5,000 for the primary and $5,000 for the general election.)
However, NMHC and RETTC members are able to make personal contributions up to $7,000 in an election cycle ($3,500 for the primary and $3,500 the general election) beyond what they contribute to the NMHC RETTC PAC.
Your participation in a Personal Dollar Campaign allows us to increase the multifamily industry’s political support of elected officials beyond those limits.
These additional donations help maintain the visibility of NMHC and RETTC in a political environment that is increasingly crowded with Super PACs and other special interest spending. By supporting this effort, NMHC and RETTC members will send a unified message to the key Members of Congress who improve, preserve and promote the multifamily industry.
How Does the Campaign Work?
The NMHC RETTC PAC committee works closely with NMHC’s government affairs staff to establish and approve a two-year election cycle PAC budget.
Together, we identify sitting Members of Congress who work on the issues critical to the multifamily industry. Members on key committees that have jurisdiction over the issues that influence your bottom-line are the primary focus. Out of the larger NMHC RETTC PAC budget, several integral industry champions are identified who we believe deserve greater support than we can deliver on our own. These candidates then become part of the NMHC RETTC Personal Dollar Campaign.
NMHC RETTC PAC will provide a list of the Personal Dollar Campaign candidates. For each identified candidate, NMHC and RETTC will provide detailed instructions on how to make your contribution and how to ensure that NMHC and RETTC receives credit for your contribution. In some cases, NMHC RETTC PAC will co-host special events for candidates on the list in coordination with NMHC and RETTC members.
Who Can Participate?
You must be a U.S. citizen or permanent resident alien to contribute to a federal candidate and these contributions are not tax deductible. Participation in the NMHC RETTC Personal Dollar Campaign is voluntary and you can refuse to participate without reprisal from NMHC RETTC PAC. Political contributions are not tax deductible for Federal income tax purposes and, due to FEC laws, only personal contributions are eligible for candidate campaigns.
How Can You Support Your Senators or Representatives?
We know that you may have strong relationships with Members of Congress in states where you reside or own and operate your business. We encourage you to support those representatives and to make sure you let NMHC and RETTC know about your personal contributions. There is no better voice for the industry than a constituent voice, and by letting NMHC and RETTC know about the personal relationships you have, we are able to build upon your existing relationships to further advance NMHC and RETTC’s network within Congress.
How Do I Make Sure NMHC RETTC PAC Gets Credit for My Contribution
To ensure that your contribution is credited toward NMHC RETTC PAC and the multifamily industry, please reach out to NMHC RETTC PAC with the related details. This information should include the date of the contribution, the candidate’s name and office sought, as well as the amount.
With these details, NMHC RETTC PAC staff will be able to communicate directly with the campaigns to confirm contributions made towards our Personal Dollar Campaign goals.
Why Can't I Just Send My Check Directly to NMHC RETTC PAC for the Campaign?
FEC guidelines prohibit NMHC RETTC PAC from directly handling contributions to campaigns. By contributing directly to the candidate’s campaign, and informing the staff at NMHC RETTC PAC, we are able to contact the campaign and ensure NMHC RETTC PAC and the multifamily industry get credit. Should you mail a check directly to NMHC and RETTC, we are legally obliged to return it to you the sender. Please follow the direct instructions from the candidate’s campaign and mail your contributions accordingly.
Don’t forget to email NMHC RETTC PAC with the details of your contribution so NMHC RETTC PAC gets credit.
