Prior to the passage of the CARES Act, NMHC called on lawmakers to enact a number of provisions that would provide assistance to renters and property owners affected by financial hardships as a result of the COVID-19 outbreak. Many of our proposals were incorporated into the $2 trillion CARES Act, not the least of which were the recovery rebates and the expanded unemployment benefits.
As Congress looks at the next phase of relief, NMHC is continuing to make the case for critically needed emergency relief for the rental industry, housing professionals and our residents. While NMHC is pleased to see that these provisions were included in the House-passed bill, there is much work left to be done. For example, establishing an emergency rental assistance program and preventing a protracted extension of a federal eviction moratorium are two key industry priorities.
NMHC is the voice of the apartment industry in Washington, D.C. – a role we don’t take lightly.
After all, decisions in Washington not only affect your organization’s bottom line, but also the safety and security of your employees and residents. The NMHC Government Affairs Team has spent approximately 7,400 hours working on your behalf since the onset of this crisis – read on to see the highlights of what we’ve been working on.
What we are working on now
The House of Representatives passed H.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, on May 15. As the Senate begins debates on their version of a relief package, NMHC is in constant communication with lawmakers on several provisions important to the multifamily and its residents – including the following:
Create an Emergency Rental Assistance Program
Read the Factsheet >>>
Limit and Further Target Eviction Moratorium
Read the Factsheet >>>
Provide Financial Mitigation and Mortgage Forbearance Protections
Create a Federal Reserve Credit Facility for Mortgage Services
Expand the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) to Include All Multifamily Businesses
Congress Needs to Hear From You
It’s more important than ever that Congress hear from leaders within the multifamily industry on these critical issues. With a third of Americans unsure if they will be able to pay next month’s rent and expanded unemployment insurance set to run out at the end of the month, Congress must act now to ensure our nation’s continued housing stability.
We’ve created resources to help you make our case with lawmakers.
- Download the Renter Assistance Fact Sheet | PDF
- Download the Extended Eviction Moratoriums Factsheet | PDF
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Help Us Support Our Champions in Congress
- Real Estate Coalition Letter on CDC Order to House Financial Services Committee
- Real Estate Coalition Letter on CDC Order to Senate Health Committee
- Real Estate Coalition Letter on CDC Order
- Housing Advocates and Industry Coalition Letter Regarding COVID-19 Relief
- Coalition Letter to Leadership Regarding Paycheck Protection Program
- Coalition Letter to Senate Regarding Paycheck Protection Program
- Real Estate Coalition Letter on Rental Assistance - July 2020
- Real Estate Coalition Letter to House Financial Services Committee for July 23 Hearing
- Real Estate Coalition Letter to Senate on Eviction Moratorium
- Real Estate Coalition Letter Regarding COVID-19 Relief - July 2020
- Real Estate Coalition Letter Supporting Full-Year Funding for HUD and COVID-19 Housing Related Expenses
- NMHC and NAA Written Testimony for House Financial Services Committee COVID Rental Relief Hearing
- Coalition Letter to Congressional Leadership Calling for Coronavirus Liability Protections
- Coalition Letter to the House Urging Inclusion of Opportunity Zones in Stimulus Legislation
- NMHC and NAA letter to SBA regarding PPP loans
- NMHC and NAA Letter to House Regarding HEROES Act