The 2016 NMHC Spring Board Meeting last week in Chicago was another tremendous success. During the NMHC PAC committee meeting, members discussed the unpredictable and tumultuous campaign season, with PAC Chairwoman Sue Ansel detailing the 34 Congressional seats that are up for re-election.
Specifically, twenty-four of the seats are Republican and 10 are Democrats, and Ansel outlined that NMHC is well-positioned on both sides of the aisle with bipartisanship being a key factor when it comes to PAC disbursements. We are off to a strong start, the PAC has brought in $638,785 this year. These funds came from 82 NMHC member firms and 667 individuals contributing to the PAC. As a reminder, the 2016 fundraising goal is $1.5 million.
Additional topics discussed at the committee meeting included a discussion on key legislative and regulatory issues, the outreach to the targeted companies to run fundraising campaigns, the maxed-out donor program and the importance of the personal dollar campaign.
Five Firms Lead in Employee Contributions
NMHC leadership encouraged member firms to get their company campaigns done as soon as possible so that NMHC PAC can help those lawmakers who understand and support our industry and are facing tough re-election campaigns.
During the NMHC PAC committee meeting, Ansel also recognized the following top five firms for employee contributions to date:
- Equity Residential ($71,750);
- ARA ($51,250);
- Camden Property Trust ($36,250);
- Avalon Bay Communities ($45,775); and
- NorthMarq Capital ($28,700).
NMHC PAC Resources Highlighted
And finally, at the overall NMHC Spring Board Meeting both Sue Ansel and NMHC staff spread the word on the newly expanded NMHC PAC website. The site provides important tools and information about NMHC’s advocacy efforts on behalf of the industry, including NMHC’s 2015 legislative and regulatory accomplishments, 2016 policy priorities and the NMHC PAC brochure.
NMHC PAC updates were also provided to both the Emerging Leaders and Supplier Partners Alliance at the meeting with each group discussing ways to increase their support and involvement in the 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.