NMHC and NAA applaud congressional leaders and the Administration for negotiating in good faith and securing an agreement that addresses a number of substantial issues facing the rental housing industry, especially housing affordability.
Today’s spending deal demonstrates a significant step in the direction of making it easier to build more housing at all price points by extending key programs such as the National Flood Insurance Program (NFIP), the Terrorism Risk Insurance Act (TRIA) and the EB-5 Program. Crucially, the package also increased funding for programs such as Section 8, the HOME Investment Partnerships (HOME) and the Community Development Block Grant (CDBG). This lays the groundwork for a productive new year working with Congress and the Administration on these and the myriad other issues impacting housing affordability.
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For more than 25 years, the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) 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 more than 160 NAA state and local affiliated associations, NAA and NMHC provide a single voice for developers, owners and operators of multifamily rental housing. One-third of all Americans rent their housing, and 40 million of them live in an apartment home.
