NAA Statement on Revised, House-Approved HEROES Act
ARLINGTON, VA | October 1, 2020 – Statement from NAA President and CEO Bob Pinnegar on passage of H.R. 925 in the U.S. House of Representatives:
While the National Apartment Association (NAA) is pleased that the House’s revised HEROES Act contains some helpful provisions, including funding for emergency rental assistance, the bill’s extension of the federal eviction moratorium for an additional year would devastate the rental housing industry. Though politically popular, eviction moratoria are not the answer and do not address the issue at hand – there are bills to pay and not enough money to pay them. The rental housing industry operates on extremely narrow margins and without sufficient financial assistance from the federal government, hard-working Americans will continue to struggle with rent payments and housing providers will continue to face difficult decisions.
We need comprehensive, balanced solutions, not destructive policy that will inflict long-term damage on the nation’s rental housing stock to the detriment of housing providers and the residents they serve. Congress and the Administration must fulfill their responsibility to the American people and act – the homes of 40 million Americans, 17.5 million jobs and a $3.4 trillion industry depend on it.
The National Apartment Association (NAA) serves as the leading voice and preeminent resource through advocacy, education and collaboration on behalf of the rental housing industry. As a federation of 152 affiliates, NAA encompasses over 85,000 members representing more than 10 million apartment homes globally. NAA believes that rental housing is a valuable partner in every community that emphasizes integrity, accountability, collaboration, community responsibility, inclusivity and innovation. To learn more, visit www.naahq.org.