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October 9, 2015
Gavel Chaos: With McCarthy Out is Ryan Up?
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Copyright: Brandon Bourdages
In the aftermath of a surprise resignation by House Speaker John Boehner, many hoped elections originally scheduled for this week would calm a number of storms within the House Republican Conference. House Majority Leader Kevin McCarthy (R-CA) had been the clear front runner to become the new Speaker. And dozens of endorsements for McCarthy rolled in with many members eager to support the man that recruited them to run for Congress and then supported their campaigns through the Young Guns program he co-founded.

Despite a last minute challenge from Jason Chaffetz (R-UT), and a long shot bid from Daniel Webster (R-FL), McCarthy was widely seen as the most assured candidate on a slate of upcoming leadership elections. That all changed yesterday when McCarthy reversed course from his weeks long bid for the Speaker’s gavel and announced that he was withdrawing his name from consideration.
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House Bill Would Streamline the Section 8 Voucher Program

Copyright: pisaphotography
Congressman Blaine Luetkemeyer (R-MO), chair of the House Financial Services Committee’s Subcommittee on Housing, introduced the “Housing Opportunity through Modernization Act of 2015” on October 7. The legislation would streamline the Section 8 Housing Choice Voucher program to better utilize available resources. The Section 8 voucher program has long served as America's primary method of rental assistance.
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NMHC Insider
Register Now for NMHC OPTECH from November 17-19 in San Diego!
The 2015 NMHC OPTECH Conference and Exposition will be held at the Hilton San Diego Bayfront from November 17-19. OPTECH provides a forum for senior practice leaders from a wide variety of disciplines to collaborate on strategic action, incubate new ideas and elevate the industry across all areas of business operations and technology. Thought-provoking content and speakers from Airbnb, Google, the San Diego Padres, MIT Media Lab and more will join leading multifamily industry firms at this premier event. OPTECH’s high-level networking and in-depth educational sessions will also cover a wide range of key multifamily issues, including disparate impact, cyber security, patent reform and Federal Communications Commission regulation.Early bird registration ends October 14 so register today!
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EPA Asks NMHC Members for Help on Water Efficiency Rating
The Environmental Protection Agency (EPA) reached out to NMHC on September 30 seeking assistance in contacting our member companies that use the ENERGY STAR Portfolio Manager Program. Specifically, ENERGY STAR and WaterSense are working together to develop the first 1-100 score for water efficiency for multifamily buildings. EPA is looking for industry’s feedback on usage for this rating.
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House Takes Closer Look at Implications of Airbnb
On September 29, a key House subcommittee held a hearing entitled, “How Sharing is Faring: Growth and Adjustment in the Sharing Economy.” The multifamily industry is increasingly dealing with the implications, both positive and negative, of peer-to-peer home sharing services like Airbnb. The concerns facing the industry were part of the discussions at the hearing, including tenant lease violations, on-site security concerns and property insurance implications.
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Fair Market Rents Now Ready for Public Comment
On September 8, HUD released their proposed FY 2016 Fair Market Rents (FMRs) for public comment. FMRs vary based on several factors like local housing supply and demand, economic conditions and apartment unit size. For the most part, they are set at the metro or county level. As a demonstration project in limited areas, HUD has also chosen to continue to use the concept of Small Area Fair Market Rents (SAFMRs) that are set at zip code level. As usual, changes vary by jurisdiction – in some cases there was a decrease and in others there was an increase.
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Bill Fights Expansion of Employer Responsibility for Joint Employees

Congress is responding to the multifamily industry’s opposition to a recent National Labor Relations Board (NLRB) decision to expand the definition of a joint employer. In just the last two weeks, key Senate and House Committees have both held hearings on the related negative consequences that employers could face in relationship to their business operations. As we reported, the decision could have a significant impact on multifamily firms who may become liable for the actions of subcontractors, suppliers, vendors and temporary staff.

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NMHC Leaders Host Luncheon in Chicago
Eight leaders in the real estate industry co-hosted an NMHC Personal Dollar Event in Chicago that brought together a wide-range of key players in the multifamily industry.
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Hill Watch
The Senate and House are in recess next week.
Media Roundup
The Gavel No One Wants
National Journal
GOP Pressures a Reluctant Ryan
The Hill
Behind McCarthy's Decision to Bail
The Hill
Senator Bob Corker Says Investors Should Short Fannie and Freddie
Senate Dems Block Energy Spending Bill
The Hill
Defense Bill Passages Tees Up Rare Veto Showdown
Partisan Divide Over Immigration Policy
The Scoop

Solved: The Case of the Missing Presidential and Papal Water Glasses

Ever since President Obama took his first oath of office, government curators have wondered what happened to the water glass set out for him that went missing that day. Then, Pope Francis’s water glass disappeared from the House Chamber after his visit to Capitol Hill last month. But thanks to some bragging, we now know who the one culprit is for both cases. Read more to find out!

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