Housing Affordability, Regulatory Reform Among NMHC/NAA Top Policy Priorities for 2019
NMHC/NAA recently announced their 2019-2020 policy priorities.
NMHC/NAA are the voice of the apartment industry and serve as the apartment industry’s primary advocate on federal legislative and regulatory matters on Capitol Hill, with agencies, the administration and municipal bodies across the country.
As such, each year NMHC/NAA identify the key policy and regulatory issues that will most impact the industry.
In recent days, several key banking regulators approved a long-awaited Final Rule that would allow lenders to accept private flood insurance policies so long as a policy is “at least as broad” as a standard NFIP policy.
Following the end of the government shutdown, HUD recently released two memos addressing the Resumption of Multifamily Production Activities, and the Resumption of Multifamily Asset Management Activities.
More than a month into 2019, NMHC PAC is laser focused on being prepared to help our Congressional allies with their 2020 reelection bids.
For the first time in decades, several Presidential candidates are highlighting housing issues.
This raises the issue in Washington and as an industry.
Therefore, we must continue to highlight the views of the multifamily industry.
NMHC continues to educate policymakers on the valuable contributions the apartment industry makes to the housing market and the economy at large.
The strong support NMHC PAC lends our partners on Capitol Hill will ensure our voice is heard when many key discussions and debates occur.
Digging into issues related to housing affordability, Congressman Bill Huizenga (R-MI) inquired about the barriers related to local zoning and regulations.
"I want to explore a little bit about the influence of local zoning and the regulatory structure," said Huizenga.
The Congressman then went on to cite the NMHC/NAHB Cost of Regulations study:
"There was a recent study by the National Multifamily Housing Council and the National Association of Home Builders – and to be clear, my family is involved in construction and building, so I've seen this
first hand as well," Huizenga explained.
"That study said that approximately 30 percent of costs associated with building multifamily development was attributed to local zoning and regulatory requirements."
NMHC will continue to use our research and expert knowledge on the multifamily industry to educate lawmakers on the various topics that affect our industry.