The Biden Administration has doubled down on its promise to continue eviction mitigation efforts following the success of the Emergency Rental Assistance Program (ERAP). To that end, the White House held a virtual summit on August 2 to discuss future actions in this space and highlight states and localities that they feel are “getting it right.”
Industry Implications: It’s unclear what specific efforts the White House will undertake. But they did encourage all states and localities to utilize their remaining ERAP funds and State and Local Fiscal Recovery Funds (SLFRF) to assist renters and housing providers in need.
NMHC’s Take: NMHC has been highly engaged with Administration officials and was invited to attend this event. As they look to housing affordability solutions, we will continue to share our research and provide recommendations to ensure any policies implemented take into account the needs of both renters and housing providers.
- Real Estate Coalition Letter to House Financial Services Committee on Affordable Housing
- Office Conversion Legislation Introduced in the Senate
- Middle-Income Housing Tax Credit (MIHTC) Fact Sheet
- Multifamily Units Under Construction are Up, But Demand for Apartments Remains
- NMHC NAA Statement on White House Eviction Reform Summit