Your safety net for your business and the industry at large is engagement in public policy activities. At the federal level, we partner with NMHC to advocate for a supportive legislative and regulatory climate to protect your business. At the state and local levels, we analyze legislation, conduct research and provide resources to help build your and your fellow members' strength and influence.
Industry Fights Expansion of Employer Responsibility for Joint Employees - NAA/NMHC have joined a coalition gathering support for a letter requesting that the National Labor Relations Board (NLRB) overturn its recent decision to expand the definition of a joint employer. This is when the supervision of an employee’s activity is shared between two or more businesses.
Carried Interest Wave Hits Washington - The battle over carried interest is heating up again in Washington. In a speech to the Business Roundtable, President Obama repeated his long-time call for carried interest to be taxed at ordinary income rates. On the campaign trail, Republican presidential candidates Jeb Bush and Donald Trump have also endorsed the move.
Industry Briefs Obama Administration Officials at Treasury and HUD – NAA/NMHC discussed important issues to the apartment housing industry in key meetings with Administration officials at both HUD and the Treasury Department in September. Specifically, the discussions focused on expanding affordable apartment housing opportunities.
Bonus Depreciation on Fast Track; Tax Extenders on Hold – The annual debate and process to extend a number of temporary tax provisions of interest to the apartment housing industry continues. But no resolution is likely until later this fall. However, a House Committee did approve to make permanent one of these so-called tax extenders – bonus depreciation.
Industry Asks FHFA to Remove GSE Multifamily Production Cap –NAA/NMHC are urging Federal Housing Finance Agency Director Mel Watt to consider removing the multifamily production cap on the Government-Sponsored Enterprises’ purchases from the 2016 GSE Scorecard.
Amendment Focused on Mitigating Flood Risk at Apartment Communities - A National Flood Insurance Program related amendment passed during the relevant House subcommittee’s markup of the overall Homeland Security Authorization bill. The amendment would assist apartment owners in preparing and mitigating against future flood risks.
Industry Says “No” to Threshold-Based White Collar Overtime Pay - NAA/NMHC have sent a coalition letter opposing a Department of Labor proposal to increase the salary threshold for white collar workers who are entitled to overtime pay protections under the Fair Labor Standards Act.
Federal Court Deals Blow to Obama Administration’s Water Rule - A federal court has issued an injunction against the Obama Administration’s “Waters of the U.S.” final rule that went into effect on Aug. 28. This EPA and Corps' regulation defines the scope of water and land subject to federal jurisdiction under the Clean Water Act.
Funding for Key Data Surveys and Analysis on Chopping Block - As federal spending bills for FY 2016 move forward, NAA/NMHC are watching funding levels for the U.S. Bureau of Labor Statistics and Census Bureau closely. Both agencies have been targeted for significant budget cuts that could curtail or delay critical programming that the apartment housing industry relies on heavily.
NAA/NMHC Support Amendment to PREPARE Act – In a comment letter, NAA/NMHC say amendment to Promoting Resilience and Efficiency in Preparing for Attacks and Responding to Emergencies Act would require FEMA to issue guidance with regard to multifamily property flood mitigation efforts.
Multifamily Affordable Housing Goals Set for Fannie and Freddie - A new set of housing goals for Fannie Mae and Freddie Mac have been finalized by their regulator, the Federal Housing Finance Agency. These anticipated goals target what percentage of business they need to direct to single-family and multifamily for low-income housing from 2015-2017.
HUD Gets Feedback on Tool for Promoting Fair Housing - HUD is looking for public comments on its fair housing Assessment Tool following the recent unveiling of the department’s Affirmatively Further Fair Housing final rule.
Industry Coalition to USDA: Follow Through on Rural Rental Housing - Industry groups have advised decision-makers at the U.S. Department of Agriculture that they are violating their obligation to provide rental assistance.
Coalition Urges Senate Action on Cybersecurity - Letter calls the threat of cyber attacks a "clear and present danger" and supports the Cybersecurity Information Sharing Act of 2015.
Congress Drives Short-Term Highway Bill, Pumps Breaks on Tax Extenders - Lawmakers have cleared a three-month extension of highway spending. The bill includes several tax compliance offsets that modify tax return filing dates for multifamily partnerships and estate tax reporting requirements.
Labor Department: Are Your Workers Employees or Contractors? The Labor Department's Wage and Hour Division has issued guidance on how to determine whether workers should be classified as employees or independent contractors. The delineation has crucial implications for a worker's eligibility for protections.
Apartment Industry's 2015 Policy Agenda - NAA and NMHC's top priorities for Capitol Hill in 2015 include reforming the nation's tax code and fixing the housing finance system. View our complete list of legislative and regulatory issues.
Webinars and Webcasts:
New E-Verify Webinar Available On-Demand – USCIS now offers a webinar for employers about E-Verify and Form I-9, E-Verify enrollment, how to run a case and more.
House Financial Services Committee Hearing - “The Future of Housing in America: Oversight of the Department of Housing and Urban Development” (webcast)
Apartment Industry News:
For the latest in apartment industry policy and advocacy news, read the Apartment Advocate, NAA Government Affairs' flagship publication.