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October 23, 2015
Ryan Poised for Speakership
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Copyright: Christopher Halloran
With key endorsements secured, House Ways and Means Committee Chairman Paul Ryan (R-WI) is preparing to assume the role of Speaker of the House. Ryan insisted that 80 percent or more of the House Freedom Caucus support him, along with the moderate Tuesday Group and slightly less conservative Republican Study Committee.

In the lead up to next week’s speaker election, it appears 60 percent support from the Freedom Caucus will have to do, with all three groups endorsing Ryan this week, but only conditional support from the Freedom Caucus.
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Bibby Joins Presidential Candidates in Elevating Housing

NMHC President Doug Bibby spoke October 16 at the New Hampshire Housing Summit aimed at making housing policy a key issue in the 2016 election. Sponsored by the J. Ronald Terwilliger Foundation for Housing America’s Families and the Bipartisan Policy Center, the summit was part of a push by the organizations to place housing policy upfront in the presidential race. Key candidates that spoke at the event included New Jersey Governor Chris Christie, Senator Lindsey Graham (R-SC) and former Arkansas Governor Mike Huckabee. Read Doug Bibby’s pre-summit op ed published by The Telegraph newspaper in Nashua, NH, by clicking below.
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NMHC Insider
AFFORDABILITY
Affordable Housing Gets Multiple Hearings on Capitol Hill
The House Financial Services Subcommittee on Housing held a hearing on October 21 on the “Housing Opportunity Through Modernization Act of 2015,” which provides common-sense reforms to federal affordable housing programs. The hearing provided a rare glimpse of bipartisanship, with both Subcommittee Chairman Blaine Luetkemeyer (R-MO) and Ranking Member Emanuel Cleaver (D-MO) speaking in favor of the bill. The full House Financial Services Committee also held a hearing on October 22 that examined whether legislative changes are needed to help ensure affordability and promote self-reliance and upward economic mobility.
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NMHC EVENTS
NMHC OPTECH: The Premier Destination for What's Next in Multifamily!
There's still time to register for NMHC’S 2015 OPTECH Conference and Exposition 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. This year’s sessions will provide a unique blend of deep dives on critical topics, silo-breaking panels and inspirational discussions across all facets of the industry. Hear from Airbnb, Google, the San Diego Padres and MIT Media Lab, along with the nation’s leading multifamily firms.
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CLEAN WATER ACT
Appeals Court Stays Waters of U.S. Rule Nationwide
In the latest twist on the controversial Environmental Protection Agency and Army Corps of Engineers’ rule to clarify the scope of the waters subject to federal jurisdiction under the Clean Water Act (WOTUS), the Sixth Circuit issued a national stay of the rule while it sorts out whether the courts of appeal or district courts have jurisdiction to handle challenges filed by various states and private parties.
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FLOOD RISK
Long-Awaited Details Arrive on Flood Risk Executive Order
FEMA issued long-awaited guidance to federal agencies on October 8 on how to implement President Obama’s executive order establishing a Federal Flood Risk Management Standard. As we reported, the order will update existing building standards for federally funded projects, helping ensure that those projects are more resilient to potential flooding caused by climate change and rising sea levels. The parameters greatly expand the scope of the original order from 1977. Many argue that they have the potential to significantly increase the cost of construction and impact more areas and projects.
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MILITARY HOUSING
President Vetoes Defense Spending Bill
On October 22, President Obama vetoed the nearly $612 billion fiscal year 2016 annual defense spending bill as anticipated. The Senate and House had finally reached consensus weeks ago on a handful of holdout issues in the legislation before sending it to the President for his signature. That included funding for the Basic Allowance for Housing – a core military benefit that compensates service members for their housing costs. Any changes would increase out-of-pocket housing expenses for one million troops and impact apartment communities that serve the military. The final compromise between the Senate and House had provided for a moderate change that would have reduced housing benefits by one percent.
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DATA SECURITY
Senate Gives Info Sharing Legislation on Cyber Threats Another Try
The Senate took up the “Cybersecurity Information Sharing Act” this week after earlier attempts were blocked by privacy advocates. The bill would provide liability protection for multifamily firms and other companies from civil lawsuits and existing antitrust laws when they voluntarily exchange information about potential cyber threats. Given the amount of personal information apartment firms collect, including Social Security numbers, driver’s license numbers and more as part of the leasing process, this issue is a high priority for the industry.
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RESEARCH
The 2015 NMHC/Kingsley Renter Preferences Study is Now Available
NMHC has once again partnered with Kingsley Associates on a landmark research report to better understand what our apartment residents want. Results include responses from 119,266 apartment residents (a 712% increase from the 2013 study) and data from twice as many communities, in 44 major cities. For a limited time, we are accepting presale orders for the 2015 NMHC/Kingsley Renter Preferences Study (Full National Report with All 44 MSA Reports) and offering a $100 Amazon gift card with each order. This special offer will expire upon release of the 2015 Study at the NMHC OPTECH Conference on close of business November 19, 2015.
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NMHC PAC
NMHC PAC a Steady Partner Amidst the Capitol Hill Turmoil
As Capitol Hill whirls with uncertainty, NMCH PAC remains a constant and reliable voice for the multifamily industry.
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Hill Watch
House committee hearing entitled, "Breaking Down Barriers to Broadband Infrastructure Deployment," on Wed., October 28 at 10 a.m.
Senate committee hearing entitled, "Retirement Plan Options for Small Businesses," on Wed., October 8 at 2:30 p.m.
Media Roundup
Guest Commentary by NMHC's Doug Bibby on Affordable Rental Housing
The Telegraph
Stegman: White House will not consider recap and release of GSEs
Housing Wire
White House Punts on Fannie-Freddie Fate
Wall Street Journal
NMHC's Rick Haughey Featured: Web-Shopping Deluge Boxes In Landlords
Wall Street Journal
A Lot of Cheap Housing Is About to Get Very Expensive
Bloomberg
Swanky New York Condo Project Exploits Aid Program
Wall Street Journal
House Tees Up Conservative Plans to Raise Debt Limit
The Hill
Federal Regulators to Require Registration of Recreational Drones
Washington Post
The Scoop

Vice President Biden Plans to Run for President… Wait, No He Doesn’t.

The Washington Post had egg on its face this week after it ran an online story announcing that Vice President Joe Biden had decided to run for president in 2016. Newsroom staffers quickly pulled the article and apologized. And a few days later Biden decided not to enter the race. But what happened at the Post?

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