We’re Seeing DOUBLE


Listing Comments have doubled in size!
That’s right, we’ve grown from 500 characters to 1000 characters for Listing Comments.

Here are a few things you should know.  These additional characters will appear fully on your screen in Report Window, Listing Details, ColoProperty.com®, Listing Link, MySite, and will be available for display on IDX websites and syndicator websites (such as Zillow and Homesnap).   They will be truncated [ (…) ] on print and email reports.   Broker comments remain at 500 characters.

When you’re entering your comments, you’ll find a nifty indicator that you’ve reached the print/email report display truncating point when your text is highlighted yellow.  See the example below:

Image of Listing Comments in Add-Edit

 

Let’s Recap:

  • Doubled Listing Comments character count from 500 to 1000
  • Will display on Report Window, My Listings Details, MySite/Listing Link, and public sites
  • Will be truncated on print/email reports
  • Broker Comments remain at 500 characters
  • Will have a “helper” in Add/Edit of a listing
  • YAY!!!

Regional Government Affairs Update November 14, 2019 🍂🏡🌄

 

November 14, 2019


In this issue…

LOCAL
Boulder County
Boulder
More Diverse New Council
Longmont
Real Estate Loses Ally
Larimer County
Issue 1A Fails
Fort Collins
Council Narrowly Approves Stadium Rezoning
Loveland
Incumbents Re-elected
Ballot Issues Fail
Weld County
District 6 Bond Measure Passes
Greeley
One Seat Remains Undecided
COLORADO ASSOCIATION OF REALTORS®
Proposition CC Fails
Legalized Betting Will Fund Water Plan
NATION
Changes to FHA REO Policy

LOCAL

Boulder County
Boulder

More Diverse New Council: As the Boulder Daily Camera pointed out http://bit.ly/2XgLVBn, the new City Council will look and hopefully act differently from the previous one. Better Boulder, a local advocacy group embracing “sustainable urbanism,” was successful in getting four of its six endorsed candidates elected: incumbents Aaron Brockett and Bob Yates and newcomers Junie Joseph and Rachel Friend. All four will have four-year terms because they received the highest numbers of votes.

Adam Swetlik and Mark Wallach are philosophically aligned with Sam Weaver, Mary Young and Mirabai Nagle and like them, endorsed by PLAN-Boulder. However, because they weren’t the top vote-getters, they will serve two-year terms. This group will still have the ability to push for limited growth and less density but only by a one-vote margin for the next two years.

Mayor Suzanne Jones and Council member Cindy Carlisle opted not to run for re-election and Lisa Morzel was term-limited, creating an opportunity for more moderate candidates to emerge. Observers say this indicates there is support in Boulder for infill development.

Boulder Chamber CEO John Tayer says the new Council may help improve the atmosphere for the business community.  “Business success, whether it’s the smallest restaurant or a large technology company, contributes so much to the benefits we enjoy in Boulder. We need to be just as attentive to that side of the equation as we are about upholding our community’s environmental and social values. That is the formula for lasting community vitality and sustaining Boulder’s special character,” according to Tayer.

The bottom line: The new Council will be better aligned with the perspectives of Boulder’s real estate and business communities. This is good news!

Longmont
Real Estate Loses Ally: The Longmont City Council election will not result in much change. Mayor Brian Bagley easily won re-election, which is good for our industry.

With four candidates for the at-large seat, it isn’t surprising that incumbent Joan Peck easily beat opponents Jeff Moore, Ron Gallegos and Matt Garrett. They split the vote. If Gallegos or Garrett had not run it is entirely possible that former Council member Jeff Moore, who was endorsed by LAR, could have won the seat.

Unfortunately, REALTOR® Regan Sample was unsuccessful in his attempt to represent Ward 3. Bonnie Finley, who had held the seat for eight years was term-limited. Finley had always been outspoken in her support of real estate issues and the end of her tenure is a loss for our industry. Susan Hildago-Farhring, who beat Sample decisively, will be another progressive voice on Council. She was endorsed by Mayor Pro Tem Polly Christensen, who has often criticized the real estate community.

Tim Waters ran unopposed in Ward One and was endorsed by LAR because he has historically voted with Bagley and Finley on key issues. Mayor Bagley will have to work hard to get support from the Council on key issues affecting real estate. Don’t expect this to happen on the dais, however. The wily mayor is known for getting a lot done behind the scenes.

The bottom line: The majority of this Council is not real estate or business-friendly but that has been the case for the past four year, so status quo.

Larimer County
Issue 1A Fails: The County’s proposal to raise the sales tax .5 percent for transportation and public facilities improvements was defeated at the ballot box. In the final unofficial tally, 1A was opposed by nearly 56 percent of the voters. This shouldn’t be surprising because the County didn’t mount a strong campaign to explain the need for the tax.

Historically in Larimer County repeated attempts are necessary to convince voters to tax themselves and hopefully the County will try again next year or in 2021.

With the State Demographer predicting continued growth in this area, roads and facilities will be stressed and it would be better to proactively plan for that future than ignore it. The Loveland-Berthoud Association of REALTORS® supported 1A.

Fort Collins
Council Narrowly Approves Stadium Rezoning: The Fort Collins City Council approved the staff proposal to rezone the 164.5-acre Hughes Stadium property from Transition to Residential Foothills (RF) and Low-Density Mixed-Use Neighborhood (LMN). That recommendation is based both on the City’s comprehensive plan and majority feedback from public meetings on the development. Mayor Pro Tem Kristen Stephens made the motion in favor of the rezoning and was joined by Mayor Wade Troxell and Council members Ken Summers and Emily Gorgol. Council members Ross Cunniff, Susan Gutowsky and Julie Pignataro voted against the motion.

Why is this important? The stadium property is the last parcel of this size in the City. Neighbors wanted Fort Collins to zone the property as open space, in which case it would never be developed. With the continued growth in the area, the stadium land is one of the few options for meaningful development apart from the parcels in the northeast within the City’s Growth Management Area such as Montava.

A CSU representative stated the University’s support for Lennar Homes, which is under contract to purchase and develop the property. He reminded the Council that CSU is obligated to recover monetary value for the property, because it is owned by the State and therefore, the taxpayers. He also said CSU hopes to develop affordable housing for staff and students on the site.

Some members of Council preferred a less dense scenario, with more urban estate zoning (2-acre lots), however, as Ken Summers pointed out, these homes would hardly be affordable to residents who are already priced out of the market. The zoning plan Council approved will feature denser LMN zoning (12 units per acre minimum density) on the eastern half of the property along Overland Trail and RF zoning (one unit per acre in clustered development) on the western half.

Staff explained that the stadium is adjacent to over 800 acres of public open space and 14 miles of trails within a one-mile radius of the property. That was not enough for Council member Gutowsky, who stated she could not support the motion. She said, “I believe CSU could do something heroic and create a legacy for Fort Collins and … donate the land to open space.”

Council member Pignataro said there had been “too many broken promises” but did not explain what she meant. Without any tools to guarantee attainable housing, she explained she could not support the proposal. Note: Apparently, she doesn’t understand the zoning process. Any decision to commit the developer to affordable housing does not happen when the zoning designations are approved.

Ross Cunniff argued the zoning mix “wasn’t right.” He voiced concerns about interfaces with the wild lands to the west and said it could be an opportunity for the City to use general fund dollars to preserve some of the parcel for open space. He explained that “density won’t solve anything,” and the homes wouldn’t be attainable in his opinion, because of the proximity to natural areas.

However, Stephens, Troxell, Summers and Gorgol fought back, saying the project was an opportunity to make an impact and create attainable and affordable homes. Mayor Troxell admonished Cunniff saying, “You’re saying we should give up on affordable housing … I think we should provide all sorts of housing types.”

Lennar has not stated if the approved zoning will make the project financially feasible. Initially Lennar hoped to build 600-700 homes. The zoning designations approved by Council would allow for approximately 550 units, according to staff.

Loveland
Incumbents Re-elected: Incumbents won the day in the Loveland City Council election. Controversial Mayor Jacki Marsh easily beat opponents Dave Clark (endorsed by LBAR) and Kathi Wright, winning 44 percent of the vote. Observers had feared Clark and Wright would split the vote, and they did.

Fortunately, Clark and Wright will remain on Council. Both have another two years remaining in their terms. LBAR endorsed incumbents John Fogle, Rich Ball, Don Overcash and newcomer Rob Molloy, all of whom easily won their seats.

As has been widely reported, the race between Nita Starr and Andrea Samson for Ward Two is still undecided. There are four votes separating the two candidates at this time, triggering an automatic recount. State law requires the recount to be finalized by December 10.

Leah Johnson will continue to represent Ward Two until the Samson-Starr race is decided. The election of a new mayor pro-tem and important Council committee appointments have been postponed until the outcome has been finalized.

The bottom line: Even if Samson, who was endorsed by Marsh, is eventually declared the winner for Ward Two the mayor will still be vastly outnumbered, limiting her support for her conspiracy agenda.

Ballot Issues Fail: Voters declined to raise Loveland’s sales tax to build a new rec center in Loveland (2B) or fund a list of capital projects that included transportation improvements, two fire stations, a library, the expansion of the Loveland museum and trail underpasses (2A). LBAR had supported both measures.

This is a shame. While Loveland has a tradition of conservatism when it comes to approving new taxes, these projects would have improved the quality of life for current and future citizens in a growing city.

One opponent said the issues weren’t citizen-driven and argued “It’s the mandate of city government to make road improvements and repairs; that’s not something that citizens have to vote on giving money to.”

This is a short-sided perspective and if common, could explain why the measures lost. Unfortunately, the City does not have the funding for any of these projects, which is why it, like many other local governments in our region, asked voters to approve the tax to pay for them.

Weld County
District 6 Bond Measure Passes: Greeley-Evans School District 6 was given approval by the voters for a $395 million bond measure known as Ballot Issue 4C.

The bond will pay for capital projects, renovating and remodeling existing schools, construction of a new K-8 school, repairing roofs and heating and cooling systems and improving college and career education facilities. The measure passed with 53 percent of vote. The Greeley Area REALTOR® Association supported 4C.

Greeley
One Seat Remains Undecided: Mayor John Gates easily defeated opponent John Shull, with 79 percent of the vote. Newcomer Tommy Butler will represent Ward 1, having defeated Blythe Driver. Dale Hall Will continue to represent Ward 4, beating two opponents, James Roohr and Michael Whitcomb.

The outcome of the Greeley at-large race is still up in the air. Former mayor Ed Clark has won one seat and a four-year term, but the race for the second seat will require a recount. As it stands, REALTOR® Kristen Zasada has 22.74 percent of the votes and incumbent Stacy Suniga has 22.67 percent. If a recount is needed that will be announced by 4:00 pm on Thursday, November 14. GARA supported Gates, Hall and Zasada.

The bottom line: Greeley is in good shape. A majority of this council is real estate and business-friendly, regardless of the outcome of the 2nd at-large seat.

COLORADO ASSOCIATION OF REALTORS®
Proposition CC Fails: 54 percent of Colorado voters said no to Proposition CC, which would’ve allowed the State to keep TABOR excess revenues and allocate them to transportation/transit, higher education and K-12. According to analysis from Colorado Politics, “The tax issue galvanized and motivated a Colorado conservative base still reeling from a pummeling in statewide races last year.

That raises new questions about whether those who would like to fully repeal TABOR — the exceedingly complicated measure that limits government spending — are willing to chance putting it on the ballot during next year’s presidential campaign, featuring a U.S. Senate race that could tip the balance of power in the nation’s capital.”

House Speaker KC Becker who sponsored the measure, said, “I know that there are groups and people that understand how badly we’re funding K-12 and higher-ed and roads, and they’re going to keep trying to solve that problem. So, if this isn’t the solution, not raising taxes, if that’s not the solution, they’re going to keep proposing tax increases because this is an unsustainable path.”

Note: CAR opposed the measure, saying it did not create enough reliable revenue for these important programs.

Legalized Betting Will Fund Water Plan: Proposition DD which will allow sports betting at casinos and use taxes from casino profits to fund Colorado’s Water Plan, passed by 114,000 votes. CAR supported the measure because water storage will be important in light of our state’s projected growth.

The plan was released several years ago but had no funding allocated towards its implementation.

NATION
Changes to FHA REO Policy: BIG WIN!!! NAR expressed concerns to the FHA about HUD’s policies regarding commissions and the conflict with NAR MLS policy. Changes are coming December 1.

At NAR’s urging, REALTORS® shared comments with HUD, noting that “HUD’s platform for REO/HUD Homes prevents brokers with an ownership interest from receiving a commission, which … conflicts with Multiple Listing Service (MLS) policy regarding the payment of commissions.”

HUD released a statement saying, “HUD has undertaken further research on the impacts of restricting broker commissions. As a result, HUD is currently working to update our system, to allow brokers to be paid commissions on all competitive sales irrespective of the individual/entity purchasing the HUD REO property. The system will retain the existing question about the Selling Broker/Agent and their ownership interest, to ensure that we can continue to gather and analyze this data; however, entering zero in the Selling Broker Commission field will no longer be required.”

In addition, the following warning notice will be removed: “HUD will not pay a sales commission if the selling broker or agent submitting the bid is also a purchaser or has an ownership interest in an entity identified as a purchaser. In such cases, the selling broker must enter zero in the Selling Broker Commission field (6a) of the Bid Submission Screen.” These system changes will be effectuated no later than December 1, 2019.

Congratulations to the 2020 IRES, LLC Board of Managers

Please join us in congratulating the newly elected managers for IRES, LLC. We are excited to welcome these exceptional industry leaders to IRES. They bring to the table their varied and vast experiences.

We would also like to recognize those leaders whose terms end with 2019:  Keith Kanemoto of RE/MAX Traditions Commercial, and Kevin Barrier of Cobblestone Realty.  We applaud their service and leadership. Thank you for your contributions.

 


Meet Our 2020 Managers

John AsmussenJohn Asmussen (2020-2022)
MB/Asmussen & Associates
4845 Pearl East Cir, Ste 101
Boulder, CO 80301
(303) 440-6464
Fax: (720) 306-3156


Mary BengfordMary Bengford (2018-2020)
RE/MAX Alliance-Greeley
1275 58th Ave., Suite A
Greeley, CO 80634
(970) 330-5000
Fax (970) 330-5100


Wendy ConderWendy Conder (2019-2021)
Windemere Realty, Inc.
600 5th Ave,
Longmont, CO 80501
(303) 651-2300
Fax: (303) 651-1530


Rich DanaRich Dana (2019-2020)
Live West Realty
1938 Pearl St Ste 200
Boulder, CO 80302
(303) 996-7782


Cecilia DeVilliersCecilia DeVilliers (2020-2022)
Shasta Realty Inc
615 Clarendon Dr
Longmont, CO 80504
(303) 875-3045


Fran HardmanFran Hardman (2019-2021)
RE/MAX Advanced, Inc.
1018 Centre Ave.
Fort Collins, CO 80526
(970) 221-5995
Fax (970) 221-5999


Chris Hardy (2020-2022)
Elevations Real Estate, LLC
106 E Oak St
Fort Collins, CO 80524
(970) 988-6319


Brad InhulsenBrad Inhulsen (2019-2021)
Sears Real Estate
2021 Clubhouse Dr Ste 100
Greeley, CO 80634
(970) 330-7700


Dan Kingdom (2018-2020)
Wright Kingdom
4875 Pearl East Cir, Ste 100
Boulder, CO 80301
(303) 443-2240


Chris LombardiChris Lombardi (2018-2020)
Velocity Real Estate & Investments
11 Old Town Sq., Ste. 250
Fort Collins, CO 80524
(970) 214-5098
Fax (888) 325-4173


Gary MaggiGary Maggi (2019-2021)
RE/MAX Town & Country
340 Mountain Ave
Berthoud, CO 80513-1859
(970) 532-5096
Fax (970) 532-5094


David W. PowellDavid W. Powell (2020-2022)
RE/MAX Alliance-Loveland
750 W. Eisenhower Blvd Ste 100
Loveland, CO 80537
(970) 669-1234
Fax (970) 669-3030


Dave WernerDave Werner (2019-2020)
Smartlist Real Estate
5131 S College Ave, Suite B
Fort Collins, CO 80525
(970) 223-7770


Lauren HansenLauren Hansen
CEO of IRES, LLC
2725 Rocky Mtn Ave, Ste 450
Loveland, CO 80538
(970) 593-9002
Fax (970) 593-0900

Government Affairs Update10-24-2019

October 24, 2019


In this issue…

LOCAL
Boulder County
Boulder
Additional Height Approved as Community Benefit
Longmont
Partnership Creates Longmont Mobile Home Co-op
City Adopting New Flood Maps
Council Adopts Sustainability Evaluation System
Larimer County
Loveland

Fierros Withdraws From Council Race
402 Plan Adopted
Weld County
Greeley

Energy Plan Approved
COLORADO ASSOCIATION OF REALTORS®
CAR Takes Positions on State Ballot Issues
Legislative Preview
STATE
State To Apply Stricter Drilling Rules
NATION
NAR, Allies Set Record Straight
CFPB Director Testifies

LOCAL

Boulder County
Boulder

Additional Height Approved as Community Benefit:
Recently Boulder’s City Council approved an exemption to building height limits by requiring more affordable housing units in exchange for allowing fourth and fifth stories above 35 or 38 feet. Those height limits were imposed by the City Council in 2017, when it adopted a moratorium on granting exceptions to allow structures up to 55 feet, the citywide limit approved by voters in 1971.
The Council was responding to more frequent requests for buildings above 35 or 38 feet, except for the neighborhoods where height exemptions may still be granted under the moratorium. Those areas include University Hill, 29th Street Mall, Boulder Junction, Gunbarrel, a small block on north Broadway, a block west of Foothills Parkway just south of Baseline Road and an area on the north side of Arapahoe Avenue.

Under the new regulations, developers would have to make 36 percent of a project’s housing units (that are above the height limit in a fourth or fifth story) affordable to low or middle-income households, which is more than the current 25 percent requirement. For non-residential projects, developers would be subject to affordable housing linkage fees that are 43 percent more than standard rates for the square footage above the zoning district height limits. Those fees for office space are currently $18.27 per square foot but will increase to $24.14 in 2020 and $30 in 2021.

The City Council decided to retain the regulation allowing height exemptions to be granted only in select areas of the City through May 2021, adding the City-owned Alpine-Balsam site and a residential high-density zone off of 28th Street and Colorado Avenue to the list of areas that can be considered.

Councilman Aaron Brockett unsuccessfully attempted to convince his colleagues to allow greater heights in more neighborhoods. “I was surprised when I saw the proposal, and continue to be surprised that we’re only still allowing it in such limited areas,” Brockett said. City staff has proposed limits to the eligible neighborhoods until the second phase of the project is complete, in May 2021. Phase 2 will focus on other identified community benefits (e.g., below-market rate commercial space, space for the arts etc.) and updated Site Review criteria for a greater level of predictability in projects and better implementation of City goals.

Longmont

Partnership Creates Longmont Mobile Home Co-op:
Colorado Housing and Finance Authority (CHFA) announced its partnership with a capital development fund to support the preservation of the Longmont Mobile Home Community (Longmont MHC) by converting its structure to a resident-owned cooperative. This co-op eliminates the homeowners’ risk of displacement, gives them more control over lot rent fluctuations, and preserves affordable homeownership in Longmont. The Longmont MHC has 36 individually owned manufactured homes.

CHFA made a $1.19 million purchase for participation in an existing acquisition loan made by ROC USA Capital. Impact Development Fund (IDF) purchased a $1.34 million participation interest in the loan. ROC USA Capital remains the loan servicer. The loan was used by the Longmont MHC’s homeowner cooperative to purchase the community’s land. The City of Longmont also supported the transaction with a no-interest, deferred-payment $300,000 loan from its Affordable Housing Fund.

While this type of affordable housing finance may be emerging in Colorado, it’s a model ROC USA has used in multiple states across the U.S. Thistle Communities, ROC USA Network’s affiliate in Colorado, provides technical assistance for board training, loan compliance, and community development. Longmont MHC worked with Thistle through the purchase process and will continue to do so for at least the next decade.

City Adopting New Flood Maps:

On October 15 the City Council got an update on the adoption process for new flood plain maps. After the catastrophic 2013 flood, the legislature passed a bill to reanalyze potential flood hazards and that information was submitted to FEMA (Federal Emergency Management Agency) for review. FEMA is now in the process of revising its maps, which are known as FIRMs. The FIRMs are important to Longmont because they will determine flood insurance rates in the included areas.

According to Longmont’s Floodplain Administrator, Monica Bortolini, the new maps are not expected to become official until early 2021, pending any appeals. Once the maps are in effect flood insurance requirements will change.

The City will hold multiple public meetings to present the new maps to the public after the beginning of the year. In addition, specific meetings with owners of property within the flood plains of the St. Vrain and Left Hand Creeks are also being planned.

Council Adopts Sustainability Evaluation System:

On October 22 the City Council approved an ordinance instituting a new requirement for development applications along Longmont’s river corridors. Currently, any development proposal that is adjacent to a river requires a variance if the project is within a 150-foot setback. The new ordinance will require that the applicant use a Sustainability Evaluation System (SES) to evaluate and score the “economic, environment and societal impacts and benefits of development in the river/stream corridors, riparian areas, and wetlands.”

However, some members of the Council made it clear that their goal is to broaden the use of the SES and require its use for properties that are not within the setback. Aaron Rodriguez, Polly Christensen and Joan Peck attempted to amend the ordinance to require the SES for any development proposal for property that is adjacent to a river corridor. However, the City doesn’t have a definition for what “directly contiguous or adjacent to a river corridor” means.

Tim Waters, Marcia Martin, Bonnie Finley and Mayor Bagley opposed the amendment due to legal concerns. Waters said it is important that the SES is “legally defensible” to avoid potential takings lawsuits. Joni Marsh, Longmont’s Community Development Director, suggested it was important to tackle the topic step by step and reminded the Council that staff plans to come back next month with the definition of adjacent as well as suggested language to include additional waterways that are listed as “areas of concern” in the newly adopted Wildlife Plan.

The Council voted unanimously to adopt the ordinance as written. Staff will continue its research on how broadening the use of the SES would affect new applications and draft additional language to define adjacent and contiguous. More discussion scheduled for the November 19 Council meeting.

Larimer County

Loveland
Fierros Withdraws From Council Race:
Ryan Fierros officially withdrew from the Loveland City Council race on October 21, citing “family commitments.” Unfortunately, his name still appears on the ballot since he withdrew after ballots were printed. Any voter who has not submitted their ballot can request a replacement by contacting the Loveland City Clerk or by visiting any polling center beginning October 28.

402 Plan Adopted:
The City Council approved the Highway 402 Corridor Plan, which is the result of a planning process that began in the summer of 2018. Highway 402 is the southern gateway into Loveland needs to provide a good first impression of Loveland through well planned, thoughtful development.

Additionally, staff explained that the new improvements to the I-25 and 402 interchange will make this area more attractive to developers. Without a corridor specific policy document developed in collaboration with the community and local government partners, Highway 402 would run the risk of haphazard, unattractive development patterns that are inappropriate and do not function well. This plan was developed with input from community stakeholders, including residents, businesses, large property owners and oil and gas industry representatives, as well as city, county and state government partners.

In essence, it provides a framework for future development along the corridor in the next 20 years. It calls for focused development around major “activity nodes,” the development of corridor-specific development standards and coordination with Larimer County and landowners on annexation and minimal intrusion of new development into existing neighborhoods. 402 is envisioned as a “gateway employment corridor.”

The plan notes that the estimated cost to provide water and wastewater services to the corridor is $25 million and power upgrades would also be required. Staff told the Council that developers would be required to finance the installation of utilities. Now the City’s comprehensive plan (Create Loveland) and the new Unified Development Code will require amendments. In addition, staff will draft corridor-specific development guidelines.

Weld County

Greeley
Energy Plan Approved:
The City Council approved a new Energy Action Plan on October 15. The plan was funded by an Xcel Energy grant and will be considered a “Sub-Element” of Imagine Greeley, the City’s recently adopted long-range comprehensive plan. A group of over a dozen community stakeholders was formed as an Energy Action Team, consisting of members of industry, housing, and institutions such as UNC and School District 6. The Energy Action Team developed draft goals and strategies for residences, businesses, institutions, and the City.

The Energy Action Plan has three goals: create an affordable and reliable energy future, increase residential, commercial, and industrial energy efficiency and alternative energy opportunities, and improve economic health and stimulate growth.

Staff explained that the residential sector in Greeley accounts for 87 percent of Xcel Energy premises, and 36 percent of electricity consumption. The aging housing stock in Greeley also represents a significant opportunity, as many homes are likely able to realize savings through efficiency upgrades.

It was also noted that programs like Xcel’s Home Energy Squad present opportunities for residents to learn about energy efficiency improvements. For $50, the Home Energy Squad will visit homes and make recommendations. Program offerings include swapping out traditional bulbs for LEDs, installing a programmable thermostat, weather-stripping a drafty door, and installing energy-efficient showerheads and faucet aerators. Installation, labor, and materials are valued at $200. Spanish-speaking technicians are available.

Greeley’s residential goal is for 2,700 households to implement one energy efficiency or renewable energy measure annually. This equates to approximately 7.5 percent of residential premises or Greeley households participating in a residential or renewable energy program through Xcel Energy.

The City plans outreach campaigns for three different sectors of the community, including (1) cost-burdened homes including Spanish-speaking households, (2) students and rental households, and (3) households looking to fix up their homes and/or “green” their energy choices through renewable energy options. The outreach campaigns will highlight how the sector can engage in different energy programs and benefit from various energy efficiency and renewable energy activities.

COLORADO ASSOCIATION OF REALTORS®

CAR Takes Positions on State Ballot Issues:
On October 16 CAR’s Board of Directors ratified recommendations from the CAR Political Action Committee on two questions referred to the voters by the Colorado General Assembly.

Ballot Issue CC “Retain State Government Revenue”
CAR Position – Oppose

This question asks voters to allow the State to retain Taxpayer Bill of Rights (TABOR) surplus revenue permanently rather than refunding it to taxpayers. The revenues would be split evenly between transportation (including transit), K-12 and higher education. The State has not issued a refund in 10 years.

While CAR agrees that transportation, K-12 and higher education are crucial, this measure will not provide reliable, adequate funding streams because TABOR refunds are small and infrequent. For example, there may be a TABOR refund in fiscal year 2020 but estimates of the refund vary between $150 million and roughly $348 million. To give one example of why this amount would not go very far, according to the Colorado Department of Transportation, an additional $9 billion is needed to fund all the projects on its list. In addition, because this is a statutory measure, future legislators could decide to use the revenue to fund other priorities.

Ballot Issue DD “Taxation of Sports Betting to Fund Water Projects and Obligations”
CAR Position – Support

This question asks voters to legalize sports betting in Colorado. A 10 percent tax on casino profits from those bets would be used to fund state water projects and pay for the regulation of sports betting.

Although sports betting is clearly not a REALTOR® issue, water is vitally important in order to fund the growth that Colorado will see in the near future. This measure will help implement the Colorado Water Plan, which was released in 2015 and identifies actions by which our State will address future statewide water needs.

Legislative Preview:

Recently CAR staff and lobbyists provided their thoughts on issues that are likely to come up during the 2020 legislative session. Because it is a major election year, it is likely we’ll see a lot of “statement” bills, said Jason Hopfer, CAR’s contract lobbyist.

Given the make-up of the legislature, we can expect more bills focused on rent control, landlord/tenant responsibilities and short-term rentals. There are rumors that inclusionary zoning may be a new focus of interest, along with condominium conversion legislation.

The Department of Regulatory Affairs (DORA) just released its sunset report on home inspections. Unfortunately, the report does not recommend legislation to regulate home inspectors, so it is unlikely we will see any bills related to that topic in 2020.

STATE

State To Apply Stricter Drilling Rules:
The Colorado Oil and Gas Conservation Commission (COGCC) is expanding the range of oil-well permits subject to additional scrutiny after it and state health officials released a study on the health impacts from emissions. In a press conference, COGCC director Jeff Robbins said the agency will immediately begin applying the stricter rules for any drilling operator that wants to dig a well within 2,000 feet of a home. The current range for additional scrutiny is 1,500 feet from an occupied home.

The new regulations will apply to 39 permits awaiting approval, including 27 in Weld County, two in both Larimer and Boulder counties, and one in Adams County. However, the new rules do not apply to wells currently operating within range of a home.

The new rules come with the release of a modeling study from the COGCC and Colorado Department of Public Health and Environment to measure volatile organic compound emissions from wells in Northern Colorado and Garfield County in the far west section of the state using emissions samples and weather data from 2016.

It determined that there are short-term health risks such as headaches, nausea and nosebleeds for people breathing air near an active well, especially if the well is in a backflow or there are adverse weather conditions. However, the study said the risk of long-term health effects from VOC-specific emissions is low and the chance of cancer falls within the U.S. Environmental Protection Agency’s current acceptable risk range.

The study will be used in the current rulemaking round for Senate Bill 181, and will be used for additional rulemaking in 2020 to reduce oil and gas emissions. Robbins also said agencies will start more real-time monitoring of active drilling sites within the next several months.

NATION

NAR, Allies Set Record Straight:
To counter a growing narrative that the Federal government has expanded its exposure to risky mortgages, NAR recently published an op-ed with the Mortgage Bankers Association, the American Bankers Association, and the National Home Builders Association in the American Banker to set the record straight. The op-ed describes how comprehensive characteristics, along with new laws passed in the wake of the crisis, have ensured a greater focus on sustainable mortgage lending. The article also detailed how rates of serious delinquency and foreclosure remain at or near-historic lows across both GSE and FHA mortgages.https://www.americanbanker.com/opinion/lets-get-housing-reform-right-this-time

CFPB Director Testifies:
Last week, Consumer Financial Protection Bureau (CFPB) Director Kraninger provided her semi-annual report to Congress. Director Kraninger testified before the House Financial Services Committee and the Senate Banking, Housing, and Urban Affairs Committee to discuss current updates and developments at the Bureau.

Director Kraninger provided testimony on the CFPB’s new innovation policies that were recently announced and symposiums hosted by the Bureau on behavior economics, and defining “abusive practices or acts” under the Dodd-Frank Act. Additionally, Director Kraninger provided some insight on the qualified mortgage (QM) patch. She explained that the QM patch will expire in January 2021 and that the Bureau is working on a plan as the transition to end the QM patch is forthcoming. Director Kraninger also expressed that the Bureau is working to increase access to mortgages. One of the major topics also discussed was whether the Bureau is constitutional based upon its structure, and recently the Supreme Court has agreed to hear a case on the matter.
NAR is continuing to monitor updates and new developments from the CFPB.

The Secret to Capturing & Keeping Leads

ires-net.jpg

Did you know ColoProperty.com® has sent over 3700 FREE listing leads in the past 12 months?  That’s right!  Over 3700 listing leads!  But what do you do once you receive the lead?  Here are some helpful tips to make the most out of all internet leads!

Make a Lasting Impression

Making a great first impression is such an important step in establishing a relationship with a new client.  What better way than following up on leads fast!  On ColoProperty.com®, you will receive a listing lead as soon as the consumer clicks a button.  Be sure to make time in your schedule to follow up on these leads on a regular basis. Here’s a tip:  Set up a calendar reminder to incorporate lead follow-up as part of your daily routine.

Persistence Pays Off

Now that you’ve made contact, how do you cultivate that lead?  Having patience is a virtue, especially in real estate.  Nurturing leads take time!  Following up one time may not do the trick, but reaching out in various ways and multiple times just might!  According to BoomTown, making contact on the first try is 30% successful.  This rises to 90% by the 6th call!

Once you have made contact with the consumer, what do you do?  Start building that relationship offline!  This can happen many ways.  It could start by a meet and greet at a coffee shop or a weekend of showings.  Whatever your approach is, get out there and take action!

Whether word of mouth or from the internet, leads have always been a critical component in real estate.  In this fast-paced Colorado market, capturing and keeping those leads is essential to a successful career in real estate.  Remember, time is of the essence.  Act fast and act often.


Delana (1)
From the desk of Delana Tjeerdsma
Marketing Specialist, IRES MLS

A Housing Conversation with NoCo Housing NOW

NOCOHousingNOW

The community is invited to A Housing Conversation with NoCo Housing NOW on Friday, November 8 from 7:30 a.m. to noon at the Embassy Suites in Loveland.  This conversation will provide insight into a variety of issues that are impacting the attainability of housing while showcasing solutions for change.  Keynote speakers include Elevation Land Trust CEO Stefka Fanchi and Colorado Futures Center Executive Director Phyllis Resnick, PhD.  Both speakers are dynamic and highly influential advocates for change.

NoCo Housing NOW is a coalition of the willing serving as Northern Colorado’s leading voice for housing options & relative affordability.  Members of the coalition include:  Fort Collins Area Chamber of Commerce, the Cities of Greeley and Fort Collins, Larimer and Weld County, the Town of Windsor, Fort Collins Habitat for Humanity, the Northern Colorado Home Builders Association, the NoCo Rental Housing Association, IRES and the Fort Collins Board of Realtors.  Talent 2.0 identified the need to explore the range of affordable housing policies that could be considered to address the housing challenges in the region and spurred the creation of NoCo Housing NOW.  The housing conversation is underwritten by Northern Colorado Prospers.

Friday, November 8
Embassy Suites
7:30am to Noon
Registration:  $25

Register Here!


Agenda

7:30am   Continental Breakfast Available

8:00am   Welcome and Overview of NoCo Housing NOW

8:10am   Keynote: Affordable Housing as Public Infrastructure
Stefka Fanchi, Elevation Land Trust Chief Executive Officer

9:15am   Water and the Impact on Housing
Patrick McMeekin , Hartford Homes VP of Land Development

10:00am Homebuyer Assistance Programs
Megan Ferguson, Impact Development Fund Director of Operations

10:45am Exploring Colorado’s Housing Affordability Challenges
Doubled Up Housing
Shift Research Lab, in partnership with Phyllis Resnick, PhD

11:40am Legislative Update
Elena Wilken, Housing Colorado Executive Director

Noon       Adjourn

 

23rd Annual Northern Colorado Real Estate Conference

Learn from top real estate professionals and network with industry peers

 

Connect, engage, learn

The Everitt Real Estate Center welcomes you to the 23rd Annual Northern Colorado Real Estate.  Join us for an afternoon of engaging presentations and discussions focusing on some of the biggest issues facing commercial and residential real estate.  Learn about the implications for our local markets and connect with area professionals.

Register Today

Be a part of the conversation

Hear from our well-established industry experts, take part in discussions, and help us celebrate our 2019 Real Estate Hall of Fame Inductee and Real Estate Entrepreneur of the Year.

If you have questions, or wish to register directly please contact the Everitt Real Estate Center at (970) 491-5522 or Randi.Fuller@colostate.edu

 

Conference speakers

  • Peter Kast – Senior Vice President at CBRE
Melissa Moran
  • Melissa Moran – Vice President at CBRE
Michael Calcote
  • Michael Calcote – Chief Financial Officer at Elevations Credit Union
Brian Fisher
  • Brian Fisher – Vice President at Northmarq Capital
  • Bob Overbeck – Larimer County Assessor

 

Award Winners

Larry Kendall
  • Hall of Fame  Larry Kendall, Founding partner of The Group, Inc.

 

  • Entrepreneur of the Year  Jay Hardy, Chief Development Officer at Brinkman

 

Register Today

ShowingTime and CSS News

ShowingTime and CSS

In case you haven’t heard, Centralized Showing Service is now part of ShowingTime.

The two companies bring together a combined 43 years of experience, and will be providing you with all the best features on a single platform.

Cutover On October 29th: The current CSS Appointment Center users will be updated to the ShowingTime Appointment Center on Tuesday October 29th.  This won’t change how you go about your day, but will provide a host of additional features to make your job easier.

Webinar Training:  The first web presentation will be held on October 16th at 10 AM. We know you’ll have some questions about the new functionality, which is why ShowingTime will be offering both on-site and online trainings that will allow you to explore the benefits of the ShowingTime Appointment Center.  Can’t make the 16th? Choose another date when registering.

In-Person Training: On Monday October 21st,  one-hour classes will be offered at the IRES office.   Registration is required!!!

Government Affairs: Nation

Sebtember 27, 2019


EPA To Repeal WOTUS

Chair Kathy McQuilkin represented NAR members and the real estate industry at a recent EPA-sponsored WOTUS repeal event. She outlined REALTOR® support of the White House’s move to an audience at the National Association of Manufacturers’ offices in Washington, DC.  EPA Administrator Andrew Wheeler, Congressmen Sam Graves (R-MO) and Bruce Westerman (R-AR) and representatives from the regulated community were in attendance.

The WOTUS rule, which was initially finalized by the EPA under the Obama administration, overreached its statutory jurisdiction by giving the federal government authority to regulate isolated and minor water features, such as ephemeral streams and man-made ditches.
NAR now turns its attention to securing a replacement rule in lieu of WOTUS, and the REALTORS® on Thursday commended the EPA and U.S. Army Corps of Engineers for moving forward judiciously in this area.

“As proposed, the WOTUS replacement rule will provide clarity on what waters are under federal jurisdiction and preserves state authority over waters in their respective states,” McQuilkin concluded. “Most importantly, the proposed rule offers a common-sense approach that allows for economic development while protecting water quality. “NAR encourages the EPA and the Corps of Engineers to move forward quickly but carefully to finalize the replacement rule, one that will enable more housing to be built so that even more people in this country can have their piece of the American dream.”

 

Government Affairs: State

September 27, 2019


What is Proposition CC?

Colorado voters will decide if the State should be allowed to keep future surplus revenue that otherwise would be refunded to taxpayers because of the Taxpayer Bill of Rights (TABOR). This question was referred to the voters by the legislature, via HB19-1279, which passed during the 2019 legislative session.

If approved, the revenue would be split between K-12, higher education and transportation (roads, bridges and transit). Here are a few facts to consider when determining your vote on this question:

  • The amount of revenue is only an estimate at this point. A June economic forecast assumed $310 million would be generated next year. However, the most recent September forecast predicts $149.2 million.
  • The programs receiving the revenue are not set in stone. Future legislatures could allocate the surplus to something other than education and transportation.
  • The Colorado Association of REALTORS® has not taken an official position on Prop CC yet. That will happen at the Fall Forum (October 14-16). However, CAR’s Legislative Policy Committee supported HB19-1279.

Read the actual ballot language and for/against statements here:https://leg.colorado.gov/sites/default/files/images/lcs/2019_blue_book_english_for_web.pdf