After months of negotiations, President Bush signed what many are calling the most significant housing legislation (H.R. 3221) in a generation on July 30, 2008. The bill has been one of our top priorities this year, and we are happy to report that as a result of our aggressive multi-month campaign, the final version represents a tremendous victory for the apartment industry and NAA/NMHC’s Government Affairs program.
The measure includes several important victories for the apartment industry and represents what NAA/NMHC have long called for—a balanced approach to housing policy. Specifically, the measure trims several homeownership incentives and balances new single-family incentives with expanded rental housing incentives.
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