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November 5, 2008
Real estate money split on Dems, GOP
Inman News
Atlantic Yards developer Forest City Enterprises was one of the top donors from the real estate industry in this past presidential race, with 73% going towards the Dems.
Those employed in real estate may have been rooting more for John McCain than Barack Obama, but all in all the industry's federal campaign contributions have been more evenly balanced between Democrats and Republicans in the 2008 election cycle than at any time since 1992, according the Center for Responsive Politics.
Individuals employed in the industry and real estate political action committees (PACs) have made $105.5 million in federal campaign contributions in 2007 and 2008, according to the center's analyses of reports released by the Federal Election Commission (FEC) and published at OpenSecrets.org. Of those contributions, 49 percent went to Democrats and 51 percent to Republicans.
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Based on reports released Oct. 19, the Center said real estate organizations with the most contributions by both employees and PACs were the National Association of Realtors ($3.36 million), Fannie Mae ($1.1 million), the National Association of Real Estate Investment Trusts ($790,175), The Villages ($725,300), Realogy Corp. ($700,469), the Mortgage Bankers Association ($699,425), Newmark Knight Frank ($626,100), the National Multi Housing Council ($594,492), Forest City Enterprises ($516,800), and Freddie Mac ($509,067).
NoLandGrab: Over half a million going to the election with nearly three-quarters to the Dems, that's not chump "change."
Posted by lumi at November 5, 2008 5:09 AM