News

May 31, 2018

NAIOP backs banking bill

The Daily Record – The Cawton Report: In Brief

by: David Cawton Staff Writer

The nation’s largest commercial real estate development association voiced support for the Economic Growth, Regulatory Relief and Consumer Protection Act signed May 24 by President Donald Trump. NAIOP President and CEO Thomas Bisacquino said the bill includes provisions “that ensure adequate capital availability for commercial construction financing.” The bill, in part, requires banking regulators to revise elements of the “High Volatility Commercial Real Estate” designation, which Bisacquino said “unfairly targeted commercial construction lending.”