K.R.E.I.A. Wants You!

Contact Rue McFarland

Federal, State, and Local Laws are causing many problems for real estate investors.

Rue McFarland, one of your original founding fathers of KREIA, is your Government Affairs Committee Chairman and is leading the charge in aggressively attacking any new proposed rules, regulations, and laws that will harm the real estate industry.

Everything from the S.A.F.E. Act, the new federal law outlawing private lending and seller financing to Metro Louisville's weird and unique local laws that cause havoc and huge expenses to the real estate world.

Rue and all of your fellow KREIA members, and all real estate professionals in our community would greatly appreciate your help and assistance in this monumental uphill battle with all of the big government agencies trying to get into your wallet and bank accounts.

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Kentuckiana Real Estate Investors Association

Introduces the Governmental Affairs Program

In recent months, your KREIA Board of Directors started a campaign to connect, like never before, members with local government officials.  The goal is three fold. First, the KREIA Board realized it was absolutely imperative to inform and educate local government officials both in the executive and legislative branches of government of its members' real estate investments and the economic impact KREIA and its members have on the local economy.  Second, the Board understands that it must build strong relationships with the local officials including Metro Council members and will be unveiling ways to do this in the near future.  Third, the Board wants to place an emphasis on advocating and utilizing its membership to advocate for the real estate investment industry in Louisville Metro.

To do this KREIA has brought on Tim Corrigan with the Routunda Group, LLC to be our eyes and ears for the industry.  Stay tuned to be informed as we move forward.

See below for the legislative survey.

Click to read the National Article Word Document-Investors are Vital to America

Click here to see how KREIA is working with National REIA to represent the interests of real estate investors at a larger level.

 Need to find what district you and/or your properties are in check out www.lojic.org.

 

 Legislative News

KREIA STARTS INFORMING AND CONNECTING MEMBERS

WITH LOCAL GOVERNMENT OFFICIALS

Survey to help determine KREIA members' impact on local economy

In order to accomplish our goals, the first step is obtain pertinent information about the KREIA members' impact on the local economy.  The reason for this information is to inform local government officials including Metro Council members of the economic impact of the investments and property taxes of KREIA member properties on the the local economy.   Specifically, the Board is asking KREIA members to fill out a survey indicating the real estate owned, operated, and investments made in Louisville Metro by Metro Council District.  The more information that can be obtained, the more of an KREIA impact on the local economy can be shown.  So, please see attached the following survey form, and come to the next meeting of the KREIA Board with the information filled out.  This survey is a totally anonymous survey, and by no mean s will your information be shared.  All information will be kept confidential.  Also, you may fill out the survey at the next meeting of the KREIA Board on May 22nd.  There will be laptop computers there in order for you to fill in the pertinent information.  

URGENT!!  We need you to fill out the legislative survey.  Word Document-Legislative Survey  

 

June 2011 Update

 

Louisville Metro Council

 

 

1. Councilwoman Tina Ward-Pugh sponsored an ordinance that would create Neighborhood Conservation Districts to protect historic preservation and community characteristics. The ordinance would establish the districts and create the guidelines for a permit process and category three review process. It establishes the position of Urban Design Administrator and creates an 8 member Neighborhood Conservation District Overlay Committee for the purpose of reviewing applications and making recommendations to the Metro Council. The ordinance has been referred to the Planning/Zoning, Land Design and Development Committee where it has been tabled. Representatives of the KRIEA have met with Councilwoman Ward-Pugh and other coalition members to discuss the ordinance. The ordinance will remain tabled in committee while interested parties continue to discuss the language (Louisville Metro Government, O-75-03-11).

 

2. Councilwoman Marianne Butler is considering introducing an ordinance in conjunction with Louisville Metro Codes and Regulations Director Jim Mims to address forged HVAC inspection stickers. Instead of using inspection stickers, they are considering email confirmation and the use of the Louisville Metro HANSEN electronic system to curb forgeries of the stickers. There was also some discussion of using QR codes as a way to identify if the HVAC units are in compliance. It is very early in the process and no ordinance has been introduced. Councilwoman Butler reached out to KREIA representatives to get their initial thoughts on the matter. Representatives of KREIA will continue to meet Councilwoman Butler and Director Jim Mims as the issue progresses.

 

3. As Chairman of the Planning/Zoning, Land Design and Development Committee, Councilman Jon Ackerson introduced an ordinance that amends Chapter 5, Section 9, which deals with connectivity in subdivisions. The amendment addresses a conflict between two requirements for connectivity. The ordinance was referred to the Planning/Zoning, Land Design and Development Committee for a hearing on July 19, 2011(0-141-06-11).

 

4. A second ordinance introduced by Councilman Jon Ackerson was drafted in response to a 2010 Metro Council resolution that requested the planning commission to look at the residential density of development with in the C-1 and office-residential zoning districts. After staff research and several planning committee meetings the planning commission did not recommend that commercial and office-residential zones have their maximum density reduced as such an amendment would increase the number of non-conforming properties, as well as, discourage mixed use developments. The planning commission did recommend that the maximum density of certain zones be revised to simplify the code requirements. The amendment dealt with C-2 zoning districts and multi-purpose zones such as EZ-1, W-1 and W-2 and would still allow for the second highest maximum densities allowed within the Louisville Metro. The ordinance was referred to the Planning/Zoning, Land Design and Development Committee for a hearing on July 19, 2011 (0-142-06-11).

 

5. Another ordinance introduced by Councilman Jon Ackerson would allow residentially zoned properties of 20 acres or more the ability to file for a conditional use permit for athletic facilities. The purpose of the amendment is to allow for economic development and recreational uses. The ordinance was referred to the Planning/Zoning, Land Design and Development Committee for a hearing on July 19, 2011 (0-143-06-11).

 

6. A fourth ordinance introduced by Councilman Jon Ackerson would amend the land development code to provide for green development incentives. The amendment addresses building height incentives and parking requirement incentives. The ordinance was referred to the Planning/Zoning, Land Design and Development Committee for a hearing on July 19, 2011 (0-144-06-11).