WASHINGTON, D.C. — Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on proposed changes to HUD’s Affirmatively Furthering Fair Housing (AFFH) rule.
“NMHC/NAA have long advocated for an AFFH implementation that is pro-growth, expands supply, eliminates regulatory burdens and correctly addresses housing affordability in every community. For these reasons, we applaud Secretary Carson’s announcement that HUD will be pursuing new rulemaking regarding AFFH regulations.
“Recent research has found that the nation will need to build 4.6 million new apartments by 2030 just to meet current demand and that over 30 percent of the cost of a multifamily development is driven by government regulations. HUD’s statement that AFFH rules will be amended to minimize regulatory burdens, provide for greater local control and innovation and encourage actions that increase housing choice, is an important step towards achieving that goal.
“As the process for implementing AFFH moves forward, NMHC/NAA will continue to strongly support AFFH’s mission and will encourage HUD to promote new development of rental housing and avoid endorsing local policies with harmful unintended consequences.”
* * *
For more than 20 years, the National Apartment Association (NAA) and the National Multifamily Housing Council (NMHC) have partnered on behalf of America’s apartment industry. Drawing on the knowledge and policy expertise of staff in Washington, D.C., as well as the advocacy power of 160 NAA state and local affiliated associations, NAA and NMHC provide a single voice for developers, owners and operators of rental housing industry. Apartments and their 39 million residents support more than 12 million jobs and contribute $1.3 trillion to the economy.
- Apartment Industry Statement on the Emergency Housing Protections and Relief Act of 2020
- Urban Institute Releases Report - How Much Assistance Is Needed to Support Renters through the COVID-19 Crisis?
- Challenges Facing The Apartment Industry
- House Looks at Pandemic’s Effect on Renters and Housing Providers
- Real Estate Coalition Letter on Financial Stability of the Rental Housing Industry