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NAA Welcomes Biden Administration’s Plan to Boost Affordable Housing

Nicole Ryan
703-797-0630
[email protected]

ARLINGTON, VA | September 1, 2021 – The National Apartment Association (NAA) welcomes the Biden Administration’s Plan to Boost Affordable Housing, which shows a strong commitment to increasing the supply of quality, affordable housing. Several elements of the administration’s plan will make a sizable difference in securing and expanding the nation’s critical housing infrastructure. NAA looks forward to taking an active role in assisting the White House further develop their plans to benefit all Americans.

Elements of note for the rental housing industry include: utilizing federal resources to reduce barriers to housing development, such as exclusionary zoning policies at the state and local level; increasing Fannie Mae and Freddie Mac’s investment cap in the Low Income Housing Tax Credit (LIHTC) program, which is one of the most important tools for developing quality, affordable housing in the United States; and updating Freddie Mac’s mortgage eligibility requirements for properties with 2-4 units.

NAA and the administration ultimately share the same goal – securely house the nation’s 40 million renters. By working together, we can help all Americans have greater access to affordable housing for generations to come.

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About NAA

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 149 state and local affiliates, NAA encompasses over 93,000 members representing more than 10.5 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.