During the NMHC Fall Board of Directors Meeting, Sue Ansel, NMHC PAC Chairwoman held a productive, standing room only meeting where she outlined the PAC’s success this year. She also detailed the important work that still needs to be done with the elections only six weeks away.
Specifically, during the meeting, she shared that the PAC has raised $1,234,175 - up just shy of $300,000 from the same time-frame last year. She also announced that a record breaking 97 NMHC members have made the maximum $5K individual contribution to NMHC PAC, which is well on our way to the PAC committee’s goal of 100 max contributors.
Ansel then thanked and recognized the following top five firms for employee contributions to date: Marcus & Millichap (IPA) $107,098, Equity Residential ($76,075), ARA ($54,750), Alliance Residential Company ($54,075) and Berkadia ($48,800). She noted that they are well on their way to the $1.5 million goal set in January.
The NMHC PAC committee was elated by their record breaking pace and understands there is still work that needs to be finished. During their meeting, they discussed the progress and the planned efforts for the remainder of the year. The members reviewed the disbursement budget and also talked about the successful personal dollar efforts. Personal dollar events were held this year for key industry supporters, including Senators John Thune (R-SD), Jerry Moran, (R-KS), Rob Portman (R-OH), Chuck Schumer (D-NY), Michael Bennet (D-CO) and Congressman Peter Roskam (R-IL).
Republican and Democratic Conventions
As highlighted during the NMHC PAC committee meeting, NMHC helped put critical multifamily challenges on the national agenda at both the Republican and Democratic National Conventions. At the GOP convention in Cleveland, NMHC members and staff participated in wide-ranging events and activities. NMHC Secretary Ken Valach joined Congressman Tom Reed (R-NY) and Jim Renacci (R-OH) on an expert panel focused on real estate. Valach detailed key barriers for our industry in providing affordable housing. We also partnered with the J. Ronald Terwilliger Foundation for America’s Families and other leading housing organizations in hosting a concert featuring BIG & RICH and American Idol finalist Ayla Brown to draw national attention to the shortage of rental housing.
In Philadelphia at the Democratic convention, Alan George of Equity Residential and NMHC staff represented the multifamily industry by attending dozens of briefings, events and programs with key members of the Senate and House. George joined Congressman Jim Himes (D-CT) and other senior executives in a panel discussion of how government can serve as a catalyst to help bring new energy efficiency technologies to market. In addition, he focused on the complementary effort of creating financing options that help consumers and businesses accelerate the adoption of those products.
At the NMHC Fall Board Meeting, the Emerging Leaders Committee and the Supplier Partner Alliance also discussed their on-going support and continued participation in NMHC PAC.
Contributions to NMHC PAC are not deductible for federal income tax purposes. Contributions to NMHC PAC are voluntary. You may refuse to contribute without reprisal. Contributions to NMHC PAC will be used in connection with federal elections and are subject to the limitations and prohibitions of federal law. The proposed contribution amounts are merely suggestions; you may choose to contribute more or less or not at all. The maximum an individual may contribute is $5,000 per calendar year. Corporate and foreign national contributions are prohibited. Federal law requires political committees to use best efforts to obtain and report the name, mailing address, occupation and name of employer for each individual whose contributions aggregate in excess of $200 in a calendar year.