As lawmakers seek ways to reduce the industry’s reliance on government-backed financing sources, some have proposed developing a covered bond market to provide an additional source of liquidity for the U.S. housing market. 

While a covered bond market could, under the right circumstances, create additional liquidity in the overall housing finance system, it is unclear how much, if any, of that additional capital would benefit the apartment industry. Read our Issue Fact Sheet.

Fact Sheet

Issue Fact Sheet

More information on covered bonds, in addition to the NMHC/NAA viewpoint.

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