NAA and NMHC today provided a statement for the record to the House Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises. In part, the statement said: “Apartments are a critical component of the nation’s housing market, but history has made it clear repeatedly that the private market simply cannot meet a majority of the industry’s capital needs. A federally backed secondary market is absolutely critical to the sector’s health and our ability to continue to meet the nation’s growing demand for rental housing.” In addition, NAA/NMHC urged the subcommittee to consider seven key points for inclusion in any reform measure.
View the statement