Concerning the movement to raise Cleveland’s minimum wage to $15/hour:

Senate Bill 331, which now heads to the Senate, would prohibit communities in the state from raising the minimum wage beyond the state's minimum wage rate, currently set at $8.10 per hour. Cleveland city officials have asked state lawmakers to pass legislation to forestall a special election on the wage hike, set for next May.

Concerning Federal legislation to mandate energy benchmarking for multifamily housing:

IREM takes the following position, see details in the white paper on the web site - IREM opposes any mandatory energy conservation programs such as benchmarking, and support voluntary programs and continued education of improved energy consumption. 


Cleveland's Facade Ordinance Law Seminar Presented by Wiss Janney Elstner - July 27, 2016

Wiss Janney Elstner Presentation - July 27,2016

How Safe Are Building Facades?  (.pdf)

Role of Facade Ordinance in Preservation (.pdf)

Seeing and Photographing Visual Observations (.pdf)

Cleveland Facade Ordinance

CLICK HERE to read the Cleveland Facade Ordinance document

FASB To Vote On New Accounting Standards

On November 11th the Financial Accounting Standards Board (FASB) voted to issue a new accounting standard. In 2005 the SEC identified leasing as a form of off-balance sheet accounting that needed to be addressed. The new standard would require companies to include lease obligations on their balance sheets. The move is intended to increase transparency and comparability of financial reports.

The next step will be to create a “ballot draft.” The ballot draft will be shared among the 7 members of the Board, who will then vote on it. If the Board decides the draft fulfills the intentions agreed upon during the public deliberations, it will be submitted for publication. The new standard has received heavy input from the public, with over 1,700 comment letters were submitted by the public during the drafting process.

The final standard is expected to be published in January of 2016. The press release can be read in its entirety here.

There is also a link to a HUD notice that might be useful to residential members  http://www.irem.org/public-policy/top-legislative-news/hud-issues-notice-to-public-housing-authorities 

Click here for the latest legislative information on www.IREM.org.  At this page you will find recent legislative updates, the Legislative Bulletin, calls to action, and other legislative news.