WASHINGTON, D.C. — Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) on President Trump’s intent to nominate Mark Calabria to be Director of the Federal Housing Finance Agency (FHFA).
"NMHC/NAA congratulate Mark Calabria on the news that he will be nominated to be the next Director of the FHFA. Calabria is a seasoned housing thought leader, and there are few that bring the same depth of expertise and insight to the role."
NMHC/NAA support housing finance reforms that recognize the unique needs of the multifamily industry, including:
- An explicit, paid-for, federal guarantee for multifamily-backed mortgage securities available in all markets at all times;
- Recognizing the Enterprises’ unique multifamily risk management characteristics when crafting reform legislation; and,
- Retaining the successful components of the existing multifamily programs in whatever succeeds them.
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.