Apartment Industry Response to President Trump’s Congressional Address
WASHINGTON, D.C. — Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) following President Trump’s Address to a Joint Session of Congress:
“We support President Trump’s efforts to strengthen economic growth and expand job creation. As the industry that houses 39 million residents, supports 25 million jobs and contributes $1.3 trillion to the economy, the President’s direct focus on issues of critical importance to the apartment industry such as tax reform, infrastructure investment and rolling back burdensome regulations is commendable.
“Today, there are over 43 million renter households and Harvard’s Joint Center for Housing Studies believes that demand for renter households could increase by as much as 4.4 million by 2025. The multifamily sector is under increasing pressure to meet that booming demand across the country, yet, excessive regulation and compliance uncertainty results in costly mandates that make it impossible to develop and operate multifamily housing.
“NMHC/NAA applaud the Administration’s efforts to overhaul the federal regulatory landscape.
To that end, we look forward to working with the Trump Administration and leaders in Congress to develop policies that drive investment, spark development and remove barriers and remove burdens on current operators, supporting the future growth of the apartment industry.”
More information about apartments is available at www.weareapartments.org.
For more than 20 years, the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC) have partnered on behalf of America’s apartment industry. Drawing on the knowledge and policy expertise of staff in Washington, D.C., as well as the advocacy power of 170 NAA state and local affiliated associations, NAA and NMHC provide a single voice for developers, owners and operators of multifamily rental housing. Apartments and their 39 million residents support more than 25 million jobs and contribute $1.3 trillion to the economy.