Washington, D.C. – Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) following Senators’ recently proposed legislation that would create the bipartisan Task Force on the Impact of the Affordable Housing Crisis Act:
NMHC/NAA are excited by the creation of this task force. The widespread lack of affordable rental housing is holding our economy back. Forty million American households paid more than 30 percent of their income on housing costs, and the problem grows worse every year as supply fails to keep up with demand. Even in communities that want and need new development, barriers exist. It will take both the public and private sector working together to address the shortage.
The rental housing industry stands ready to help meet the rising need for affordable housing, but we cannot do it alone and look forward to working with Congress to identify real, practical solutions to reduce barriers of new supply and create housing that meets the needs of Americans at all income levels.
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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.