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January 13, 2017
Apartment Industry Meets with Key Tax Writers
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Copyright: Exclusive Studio

As the tax reform debate begins to heat up, NMHC/NAA are redoubling our efforts to reach policymakers on the key priorities for the industry. 

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Top 2016 NMHC and NAA Legislative and Regulatory Accomplishments

Copyright: Richard Cavalleri

On January 20, Donald Trump will be sworn in as the 45th President of the United States. It will mark the conclusion of an unparalleled election season that ended in a Republican sweep of both Houses of Congress. Now, NMHC and NAA are focused on identifying the industry’s advocacy agenda for the new Administration and Congress and we are entering 2017 in our strongest position in years. In fact, the coming year could present opportunities to work with lawmakers to secure legislative and regulatory advances that promote a balanced housing policy and recognize the important role that rental housing plays in a strong economy. 

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NMHC Insider
Carson's Confirmation Hearing Goes Smoothly
Before a Senate hearing that was first expected to be tumultuous, Dr. Ben Carson, President-elect Trump’s nominee for Secretary of the Department of Housing and Urban Development (HUD), enjoyed a relatively smooth exchange with Senators on the Banking, Housing, and Urban Affairs Committee.
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FLOOD INSURANCE
Industry Supports Expanded Private Flood Insurance Rule
NMHC/NAA responded in early January, 2017, to a call for comments by several banking regulators on a proposed rule entitled “Loans in Areas Having Special Flood Hazards—Private Flood Insurance.” The rule stems from the Biggert Waters Act of 2012, which aside from reauthorizing the National Flood Insurance Program (NFIP), called upon regulators such as the Federal Reserve and the Office of the Comptroller of the Currency to issue much-needed guidance for lenders on  what should be considered an acceptable private flood insurance policy.
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FLOOD INSURANCE
Multifamily Industry Weighs in Against New Flood Standards
NMHC/NAA submitted comments to the Department of Housing and Urban Development (HUD) in late December in response to a proposed rule designed to increase disaster preparedness and flood resiliency of federally funded buildings and projects. Under the proposal, multifamily builders would face a new two-foot elevation requirement in certain areas if project funding is derived from a HUD grant program, such as the HOME Investment Partnerships program,  Community Development Block Grant (CDBG) programs, or when using Federal Housing Administration (FHA) mortgage insurance for new construction or substantial rehabilitation projects.
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MUSIC LICENSING
Music Licensing Analysis Provides Guidance to Apartment Companies
NMHC/NAA, with assistance from Winstead PC, published an analysis of federal copyright law and music licensing issues to provide guidance on apartment community fitness centers and movie rooms.
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New Data Highlights Importance of Apartment Industry
New data from the 2015 American Community Survey further emphasizes the importance of the apartment industry and the sensible housing options that apartments offer to millions of individuals, couples and families. NMHC/NAA’s advocacy program, Apartments. We Live Here. has been recently updated with new demographic information. The new findings show that 38,791,276 or 12 percent of all Americans chose to live in apartments. These multifamily homes provide residents with a housing option that fits their unique needs.
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REGULATORY REFORM
House Passes Major Regulatory Reform Bill
Just two days into the 115th Congress and Republicans have followed through on their commitment to make regulatory relief and reform a priority. The House, largely along party lines, passed H.R. 26 – Regulations from the Executive in Need of Scrutiny (REINS) Act of 2017. If enacted, the bill would modify how Federal rules are enacted by requiring Congress to approve executive agency regulatory proposals that have an economic impact greater than $100 million. This bill would require Congress to pass a Joint Resolution of Approval within 70 days of a rule being finalized otherwise it would not take effect.
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Upcoming Meetings
NMHC Annual Meeting, January 24-26, 2017 in San Diego, CA
Hill Watch
Senate committee hearing on "The Nomination of Betsy DeVos to serve as Secretary of Education" on Tue. Jan. 17 at 5:00 PM.
Senate committee hearing on "The Nomination of Tom Price to serve as Secretary of Health and Human Services" on Wed. Jan. 18 at 10:00 AM.
Senate committee hearing on "The Nomination of Wilbur Ross to serve as Secretary of Commerce" on Wed. Jan. 18 at 10:00 AM.
Senate committee hearing on "The Nomination of Scott Pruitt to be Administrator of the U.S. Environmental Protection Agency" on Wed. Jan. 18 at 10:00 AM.
Media Roundup
Ben Carson Urges Ending Reliance on Welfare in Bid to Be Housing Chief
New York Times
Donald Trump's Cabinet Is Taking Shape. Here's the Latest List.
New York Times
Carson Pushes Increased Private-Sector Role in HUD Programs
Washington Post
Ben Carson Pledges To "Really Examine" Latest FHA Mortgage Insurance Premium Cut
Housing Wire
Hensarling Announces Committee Leadership Team
Financial Services Committee
Here's the New Leadership Team for the House Financial Services Committee
Housing Wire
Making Housing Sane Again
Wall Street Journal
Trump Tax Policy Could Hurt Low-Income Housing
Houston Chronicle
Coal in the Stocking - Obama Regulatory Rulebook Breaks Record by 13,000 Pages
Forbes
No, the Future of Fannie and Freddie Is Not a 'Sideshow'
National Mortgage News
Real-Estate Industry Braces for Tax Upheaval
Wall Street Journal
Boon for Affordable Housing
CIRE Magazine
House Passes Bill Requiring Congressional Approval of Big Rules
The Hill
The Scoop

Inaugural Firsts: When was the first inaugural parade? Who had the longest inaugural address? A look at presidential inaugurations through time

President-elect Trump’s inauguration is next week and as his swearing in approaches let’s take a look back at inaugurations past. 

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