If you have trouble reading this email, please go to the online version. For a PDA-friendly version, click here.
November 21, 2014
Sponsored by

 
Quick Links
NMHC INSIDER
HILL WATCH
MEDIA ROUNDUP
THE SCOOP

Call to Action: Tax Reform is Coming, Make Your Voice Heard

Copyright: Modella

Although prospects for tax reform remain uncertain next year, lawmakers will continue to lay the groundwork for future legislation – and there is a lot at stake for the multifamily industry. Tax reform has the potential to reshape the industry’s ability to invest in, and maintain, properties by targeting our capacity to form partnerships, conduct like-kind exchanges, deduct business interest and use the Low-Income Housing Tax Credit.

To help ensure that the multifamily industry is armed with the best fact-based analyses available, NMHC is working with our real estate industry partners on several studies that consider how changes to current-law like-kind exchange and depreciation rules would impact commercial real estate markets. Please read more to see how you can help make a difference.

Read More
SHARE: Twitter Facebook LinkedIn Email
NMHC Insider
TERRORISM INSURANCE
Terrorism Insurance Lobby Day Attendees March on Capitol Hill

NMHC/NAA and our partners in the Coalition to Insure Against Terrorism marched on Capitol Hill this week, making the case for a long-term reauthorization of the Terrorism Risk Insurance Act.  In a divide and conquer strategy, 72 attendees met with at least 40 congressional offices covering both sides of the aisle and both sides of the Hill. With a looming expiration of December 31, 2014, our message was simple: 1) enact a multi-year reauthorization and; 2) do it now. With the clock ticking, reauthorizing the program during the lame-duck session should be a top legislative priority for lawmakers.

Read More
SHARE: Twitter Facebook LinkedIn Email
ENERGY-EFFICIENCY
NMHC and NAA Firms Among First to Receive ENERGY STAR Designation

The Environmental Protection Agency announced the first group of multifamily properties to receive the ENERGY STAR designation. The 17 properties reflect the diversity found in multifamily properties, ranging from recently constructed to one built in the 1920s, they are located in urban and suburban settings, and many are owned and, or, managed by NMHC/NAA member firms. These properties share a clear commitment to energy-efficiency operation as demonstrated by this achievement.

Read More
SHARE: Twitter Facebook LinkedIn Email
CAPITAL MARKETS
Lawmakers Blast FHFA's Watt for Low Down Payment Loan Plan
On November 19, Federal Housing Finance Agency (FHFA) Director Mel Watt testified before the Senate Banking Committee on the future role of the Government-Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, in the mortgage market.  Watt was quickly bombarded with questions about the agency’s plan for the GSEs to buy mortgages with down payments as low as three percent.
Read More
SHARE: Twitter Facebook LinkedIn Email
BUDGET
Assisted Housing Funding - A Federal Budget Numbers Game

The real estate industry remains concerned with insufficient funding levels for HUD’s Section 8 Housing Choice Voucher program and the Section 8 Project-Based Rental Assistance (PBRA) program, as requested by the Administration and reflected in the current House and Senate appropriations budget proposals. 

Read More
SHARE: Twitter Facebook LinkedIn Email
Hill Watch
The House and Senate are in Recess Next Week.
Media Roundup
Obama Makes His Move on Immigration, GOP Split on a Government Shutdown
Bloomberg
Dems Stick with Pelosi as Leader
The Hill
Paul Ryan to Chair Powerful House Ways and Means Committee
Huff Post Politics
Hensarling, Waters Reelected to Lead House Banking Panel
American Banker
Portman: 'Good Chance' Senate Will Take Up Energy-Efficiency Bill in January
The Hill
House Approves Five-Year Extension of Satellite TV Bill
The Hill
Castro: Broad Support for Ending Fannie Mae and Freddie Mac
HousingWire
Waiting to Say Goodbye to the GSEs
GlobeSt.com
Divided by a Windfall: Affordable Housing in New York City Sparks Debate
New York Times
The Scoop
New Lawmakers Arrive on Capitol Hill for “Freshman Week”

Capitol Hill can be a lot like a college campus after the elections end and Congressional newcomers arrive. Like college students, they learn all too quickly how their lives will change. This week, these "newbies" arrived in Washington for what some often refer to now as "freshman week."

Read More
SHARE: Twitter Facebook LinkedIn Email
Contact Us

1850 M Street, NW, Suite 540,
Washington, D.C. 20036-5803

202 974 2300 Office
news@nmhc.org
Connect

Facebook
Twitter
LinkedIn
Manage Subscriptions
Unsubscribe
Privacy Policy
Contact


©National Multifamily Housing Council. All Rights Reserved.