March 1, 2019
NMHC Supports Maintaining GSE Programs and Progress
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NMHC and NAA joined a coalition of real estate associations on a letter to FHFA Acting Director Joseph Otting on March 1. The letter emphasized the vital role that Fannie Mae and Freddie Mac, the Government-Sponsored Enterprises (GSEs), play in the mortgage market.

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NMHC was founded 40 years ago to stop counterproductive and punitive rent control measures. Our success was measured by the fact that, up until yesterday, no state permitted statewide rent control. Despite our efforts and those of our industry allies, Oregon is set to create the nation’s first rent control regime for an entire state. 

The Senate Committee on Banking, Housing, and Urban Affairs approved the nomination of Mark Calabria to be Director of the FHFA. NMHC and NAA applaud the support Calabria received as he is well-respected in the housing industry and has long been recognized as a leader who brings singular understanding and insights to the role.

The Department of Housing and Urban Development’s (HUD) Office of Multifamily Housing Programs proposed to expand the use of the Low-Income Housing Tax Credit (LIHTC) pilot program on February 21 focusing on FHA construction and rehabilitation loan products programs. 

The U.S. Department of Housing and Urban Development (HUD), announced changes to the advance notice they provide to public housing authorities and private owners of HUD-subsidized properties on February 20. 

Congress approved, and the President signed, legislation funding the government for Fiscal Year 2019 last week. The package includes $44.2 billion for the U.S. Department of Housing and Urban Development (HUD), with $8 billion for new housing and public infrastructure. Importantly, the Section 8 Tenant-Based Rental Assistance program is funded at $20.3 billion.

This week, lawmakers in both the House and Senate took a hard look at consumer privacy issues in the continued wake of high-profile data security and privacy breaches that have impacted millions of Americans.

The Department of Housing and Urban Development (HUD) released a compilation of research in their quarterly report called Evidence Matters, Transforming Knowledge Into Housing and Community Development Policy. The report focuses on research regarding landlord acceptance of vouchers, efforts to increase participation, and the implications for landlords that participate in the housing choice voucher (HCV) program.

NMHC and NAA have filed comments with the Department of Energy (DOE) in support of a petition seeking the withdrawal of a final rule on efficiency standards for non-weatherized residential gas furnaces.

The House Financial Services Committee Full Committee held a hearing on February 26th entitled "Who's Keeping Score? Holding Credit Bureaus Accountable and Repairing a Broken System”. The hearing hosted two panels comprised of consumer reporting agencies (CRA) CEOs and consumer advocacy groups.
Upcoming Meetings
2019 Multifamily Executive Leadership Summit with NMHC
March 07 - 09, 2019 at Hotel Talisa in Vail, CO
2019 NMHC Research Forum
April 02-03, 2019 at the JW Marriott Denver Cherry Creek in Denver, CO


NMHC PAC Congressional Corner: Congresswoman Maxine Waters
Every day elected officials make decisions that affect the apartment industry and the jobs it supports. From housing finance reform to tax policy to fair housing and energy and environmental regulations, policy choices made in Washington have a direct impact on how you operate your company and how successful you can be.

NMHC PAC is the premier fund aggressively pursuing the election and re-election of elected officials – on both sides of the aisle – who work to improve, preserve and promote the multifamily industry.

Click here to read about this week’s Congressional Spotlight, Congresswoman Maxine Waters
Hill Watch
United State House of Representatives in Session
United States Senate in Session
Media Roundup
Oregon to Become First State to Impose Statewide Rent Control
The New York Times
FHA significantly expands LIHTC financing program for multifamily properties
Developer Changes Affordable Housing Dynamic by Investing in Lives
OC Register
HUD slashing advanced notice for inspections on public housing, privately owned apartments
The Scoop

NMHC Active in Oregon Rent Control Fight  

This week the Oregon State House passed – and then Governor Kate Brown signed into law – SB 608, a bill that creates a new statewide rent control law. NMHC has been actively engaged in the conversation surrounding rent control and the negative affects rent control legislation can impose. 

NMHC President Doug Bibby has been speaking to various media outlets to educate the public on the multifamily industry's perspective and to provide insight into rent control's unintended consequences. Just this week, Bibby was featured on the Lars Larson Show, out of KXL in Oregon, and the Bill Meyer Show podcast. Bibby has also been quoted in multiple news articles on the topic  including articles featured in the New York Times, NPR and BISNOW. 

Listen to Doug Bibby on the Lars Larson Show here.

Listen to Doug Bibby on the Bill Meyer Show here.

Read the New York Times article here.

Read the NPR article here. 

Read the BISNOW article here.

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