November 08, 2019
NMHC Takes Part in White House Council on Eliminating Regulatory Barriers to Affordable Housing
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National Multifamily Housing Council (NMHC) President Doug Bibby took part in a White House Council on Eliminating Regulatory Barriers to Affordable Housing on Friday, November 1. The roundtable event, which brought together housing leaders from public and private sectors for a solutions-focused discussion, was chaired by HUD Secretary Dr. Ben Carson who has been appointed by President Trump to lead the administration’s housing affordability efforts.
NMHC Insider
NMHC X BISNOW
NMHC and Key Lawmakers Discuss Affordability at Bisnow Multifamily Annual Conference
NMHC President Doug Bibby moderated a panel, “Housing Policy and the Affordability Crisis” at the Bisnow Multifamily Annual Conference (BMAC) East on Thursday, November 7.
The panel included three major power players in the discussion surrounding the housing affordability crisis; Senator Chris Van Hollen (D-MD), Senator Todd Young (R-IN), and Alfonso Costa, Jr., the Deputy Chief of Staff for the U.S. Department of Housing and Urban Development.
GSES AND HOUSING FINANCE REFORM
FHFA Releases Annual Housing Report on the GSEs
The FHFA released the Annual Housing Report for the 2018 calendar year that provides an evaluation of the performance of Fannie Mae and Freddie Mac (the Enterprises) in meeting a number of goals and objectives. The release of this report comes just days after the Agency’s release of their New Strategic Plan and Scorecard for Fannie Mae and Freddie Mac.
GSES AND HOUSING FINANCE REFORM
FHFA Releases Strategic Plan and Scorecard for Fannie Mae and Freddie Mac
The Federal Housing Finance Agency (FHFA) released The 2019 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac as well as the 2020 Scorecard for Fannie Mae and Freddie Mac, and Common Securitization Solutions laying the framework for the GSEs in 2020. The Strategic Plan provides detail on how FHFA plans to end conservatorship and outlines FHFA’s three key objectives.
TERRORISM INSURANCE
House Committee Advances TRIA Extension
The House Financial Services Committee voted 57-0 on a bipartisan compromise that would extend the Terrorism Risk Insurance Act (TRIA) program for 7 years, require a study on the cyber terrorism market and expand an ongoing study to also determine the availability and affordability of TRIA coverage for places of worship. In advance of the vote, NMHC and NAA, as part of the Coalition to Insurance Against Terrorism (CIAT), sent a letter of strong support to the Committee urging passage of this legislation. The legislation must be considered by the full House before being sent to the Senate for consideration.
EB 5 PROGRAM
EB-5 Legislation Introduced in Senate to Preserve Program
Senators Lindsey Graham (R-SC), Mike Rounds (R-SD) and John Cornyn (R-TX) introduced the Immigrant Investor Program Relief Act (S. 2778) this week, after months—and even years—of negotiations on a long-term reauthorization of the EB-5 Immigrant Investor Program.
FINANCE AND CAPITAL MARKETS
NMHC, NAA and Coalition Express Concern Over Corporate Transparency Efforts
NMHC and NAA led a coalition of other commercial real estate trade groups this week in weighing in with the Senate Banking Committee and other key Senate leaders to express concern over a variety of corporate transparency legislative proposals meant to aid law enforcement in their investigation of shell companies engaged in money laundering, tax evasion and terrorism financing.
Upcoming Meetings
NMHC PAC
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, Congressman Denny Heck.
Media Roundup
Why It Costs So Much to Build Affordable Housing
The New York Times
The ultimate balancing act: Data, privacy and housing innovation
HousingWire
Webinar: How Buildings of all Shapes and Sizes are Becoming Zero Energy Users
U.S. Department of Energy
The Scoop
Join Us for the 2019 NMHC Data Privacy Standards and Compliance Summit
Following the 2019 NMHC OPTECH Conference, join your industry peers to hear from experts and top-industry suppliers at the 2019 NMHC Data Privacy Standards and Compliance Summit on November 14 from 9:00 am to 12:00 pm in Dallas, Texas.
The summit will cover what the multifamily industry needs to do to comply with the still developing California privacy law before it goes in to effect in January 2020, as well as best practices to assure you’ll comply with other emerging state and possible federal data privacy and protection standards.
Attendees will have an opportunity to engage with apartment owners and managers, policy and legal experts, and suppliers on the front lines of industry compliance to discuss the emerging privacy regime.
Key topics to be discussed are:
- Supplier Readiness
- Federal and State Legislative Update
- Smart Home/Building Tech & Privacy
- Privacy’s Impact on Security Standards
- Marketing & Important Privacy Considerations
This summit is open to NMHC members only and is free to attend.
Tools
National Multifamily Housing Council | 1775 Eye St., N.W., Suite 1100. Washington, D.C. 20006
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