NMHC applauds the Administration for taking important action in their most recent Executive Orders to remove key barriers to housing development. From streamlining permitting requirements and reducing regulatory barriers for new construction to promoting best practices that increase housing opportunities for Americans, these actions will go a long way toward helping meet the need for 4.3 million new apartments by 2035 and, in turn, enhance housing affordability.
NMHC and our members are especially grateful for the Administration’s collaboration with a wide variety of stakeholders in creating a framework that will have meaningful positive results for families in need of housing.
Just as these Orders are aimed at increasing housing supply and lowering costs, the 21st Century ROAD to Housing Act shares a similar goal. Unfortunately, language inserted at the last minute without stakeholder input would effectively eliminate the production of new Build-to-Rent (BTR) housing which is a critical source for adding more housing to communities across the country.
Put simply, this provision works against the President’s goal to boost new housing production and lower housing costs. NMHC urges policymakers to make changes to the bill that will allow for building more BTR housing for families, seniors, military households and others that want the freedom to choose from a variety of rental housing options.
At the same time, NMHC is grateful for the Administration’s recent actions and stands ready to work with the President and lawmakers on the implementation of these Executive Orders that will boost housing supply, provide greater housing options and ease housing affordability challenges for many Americans.
Based in Washington, D.C., the National Multifamily Housing Council (NMHC) is where rental housers and suppliers come together to help meet America’s housing needs by creating inclusive and resilient communities where people build their lives. We bring together the owners, managers, developers and suppliers who provide rental homes for 40 million Americans from every walk of life—including seniors, teachers, firefighters, healthcare workers, families with children and many others. NMHC provides a forum for leadership and advocacy that promotes thriving rental housing communities for all. For more information, contact NMHC at (202) 974-2300, email the Council, or visit NMHC's website at nmhc.org.
