NAA/NMHC were provided with the opportunity this month to discuss issues of importance to the apartment housing industry with Administration officials at both HUD and the Treasury Department. Specifically, the discussions took place at key meetings dedicated to expanding affordable apartment housing opportunities. These meetings enabled us to brief related decision-makers on the current state of play in our industry.
We highlighted the fact that we are not only a competitive robust $1.3 trillion industry, but also alerted them to the historic growth in renter households in recent years. In addition, we outlined the need for public policies that support our industry and that don’t make it harder for renters and their families to find housing that makes sense for them.
NAA/NMHC also alerted HUD officials to concerns the industry has about unanswered questions brought about by the recent U.S. Supreme Court ruling on fair housing disparate impact. Additionally, we discussed concerns we have regarding the negative consequences associated with underfunding HUD’s assisted housing portfolio for FY 2016.
The Treasury meeting allowed for in-depth discussions on ways to leverage low-income housing tax production, financing for and the preservation of small apartment properties, and effective strategies to preserve and develop affordable housing.
Provided by NMHC has part of the NAA/NMHC Joint Legislative Program