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November 13, 2019 | Tags: Government Affairs New Energy Disclosure Report required by the City of Minneapolis What REALTORS® Should Know: New Energy Disclosure Report required by the City of Minneapolis Starting in January 15, 2020, the City of Minneapolis will include a new energy disclosure report in the Truth-in-Sale of Housing (TISH) program. The two-page ‘Asset-Based Energy Efficiency’ report will be part of the set of returned documents from the TISH… Read More
November 5, 2019 | Tags: AnnouncementsGovernment Affairs MAR Invited to Participate on Implementation of Minneapolis Renter Protection Ordinance A cross-sector team including Minneapolis Area REALTORS® met for the first time on November 4, 2019 to help guide the implementation of new renter protections in the City of Minneapolis. New renter screening and security deposit changes will become effective in Minneapolis later in 2020, and the team will act in an advisory capacity to… Read More
October 5, 2019 | Tags: AnnouncementsGovernment Affairs Minneapolis Housing Policy Committee Votes to Study Rent Control The Minneapolis City Council Housing Policy & Development Committee voted to direct city staff to contract with one or more consultants (vendors) to undertake an economic impact analysis regarding rent stabilization as a component of housing policy in Minneapolis. HPD#4 By Ellison and Bender Directing the City Coordinator’s Office, with assistance from Community Planning and… Read More
September 23, 2019 | Tags: Government Affairs Minneapolis City Council Holds Study Session on 'Renters First Right of Refusal' The Minneapolis City Council held a Study Session today on the topic of “Renter First Right of Refusal” or “Renter’s Opportunity to Purchase Housing.” Council President Bender welcomed all attendees and Councilmembers Schroeder and Councilmember Steve Fletcher will be lead authors on ordinance development, when and if an ordinance takes shape. Guests included Danilo Pelletiere… Read More
August 27, 2019 | Tags: Government Affairs MAR Responds to Minneapolis City Council with Updated Comment Letter and Talking Points The Minneapolis City Council has been considering changes to Tenant Screening and Security Deposit ordinances. A first draft had been previously circulated. The new draft was made public on Thursday, August 8, 2019. View Updated Comment Letter and Talking Points Minneapolis Area REALTORS® submitted public comments to all (13) Minneapolis City Council Members and the… Read More
August 15, 2019 | Tags: Government Affairs Minneapolis Releases Updated Second Draft Rental Screening and Security Deposit Ordinance The Minneapolis City Council has been considering changes to Tenant Screening and Security Deposit ordinances. A first draft had been previously circulated. The new draft was made public on Thursday, August 8, 2019. Here is an Executive Summary comparing draft I to draft II. REALTOR® members are encouraged to review the document and understand the… Read More
August 6, 2019 | Tags: AnnouncementsGovernment Affairs MAR Monitors Minneapolis City Council Wage Theft Ordinance The Minneapolis City Council held a hearing on July 29, 2019 enacting a ‘Wage Theft’ ordinance that would partially mimic state law. The proposal is aimed at employers who underpay or refuse to pay works what they have earned. REALTORS® were monitoring this passage of both the state law and the local ordinance to insure… Read More
July 30, 2019 | Tags: AnnouncementsGovernment Affairs MAR Comments on Two Minneapolis Draft Ordinances regarding Rental Properties Minneapolis Council President Lisa Bender and Councilmember Jeremiah Ellison have shared two draft ordinances with Minneapolis Area REALTORS®, Minnesota Multi-Housing, and other stakeholders. Security Deposit Requirements Limits the security deposit amount to 50% of one month's rent (if both the first and last month are required up front) Limits the pet damage deposit amount to… Read More
June 18, 2019 | Tags: Government Affairs Proposed Ordinances on Rental Security Deposits and Screening Criteria Minneapolis Area REALTORS® (MAR) has become aware of two draft ordinances proposing to establish limits on rental security deposits and changing rental screening criteria. In ordinances drafted by Council President Lisa Bender and Councilmember Jeremiah Ellison, limits would be established on security deposit requirements. If charging the first month and last month in advance, the… Read More
June 18, 2019 | Tags: Government Affairs Short Term Rental Ordinances Up For Review, Changes Are Likely Coming Currently, Short Term Rentals (STR) are allowed within a three-bucket approach. STRs are generally permissible within the rules, at least currently. However, you may have seen this recent article and the tide might be shifting. Minneapolis City Council Member Steve Fletcher, Ward 3, North East has introduced the two existing ordinances and referred them Minneapolis… Read More
April 26, 2019 | Tags: AnnouncementsGovernment Affairs REALTORS® Resource Alert – Accessory Dwelling Units REALTORS® Resource Alert – Accessory Dwelling Units The Minneapolis Area REALTORS® has become aware of a wonderful new resource for REALTORS® on Accessory Dwelling Units. The Family Housing Fund has just published Homeowner (Consumer) focused guidance for people interested in Accessory Dwelling Units. The information is comprehensive, full color, content rich, and includes: Homeowner (Consumer)… Read More
April 18, 2019 | Tags: Government AffairsMarket DataPress Releases Buyer and seller activity down; weather partly to blame If February was the month of record snowfall, March was the month of record wet basements. The effects of extreme weather continue to impact the market. Despite that, the latest numbers for Twin Cities residential real estate show some strength amidst ongoing signs of change. Prices continued to climb, reaching a new record. New listings… Read More
March 1, 2019 | Tags: Government Affairs Energy Efficiency Will be Added to Minneapolis TISH in 2020 mIn February 2019, the Minneapolis City Council voted 13-0 to enact ordinance language that would amend the current Truth-In-Sale of Housing program beginning in January 2020. REALTORS® were involved in the development of this public policy from the beginning. Councilmembers Cam Gordon and Jeremey Schroeder directed proponents and staff to work directly with REALTORS® from… Read More