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April 28, 2017
Trump Tax Plan Calls for 15 Percent Rate on Multifamily Business Income
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The Trump Administration released its principles for tax reform on April 26 calling for “the biggest tax cut and the largest tax reform in the history of our country.” The plan now joins the House Republican Tax Blueprint released last June on the table for consideration.

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NMHC Collects 2017 ENERGY STAR Partner of the Year Award

On Wednesday evening, NMHC was officially named the 2017 ENERGY STAR Partner of the Year for Energy Efficiency Program Delivery by the EPA.  We were recognized for our work creating programs that support our members’ efforts to build and operate energy efficient multifamily properties. 

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NMHC Insider
This Week in Washington
President Trump has been setting the agenda for Congress since it came back from Easter break on Monday. Most pressing, Congress must pass either a short-term or long-term spending bill by Friday night to avert a government shutdown. While Congressional Republicans were hoping to get a long-term omnibus spending bill enacted before the April 28 deadline, the House and Senate Leadership will have to be content with a continuing resolution that will fund the government through May 5 so work can continue on a consensus bill to keep the government running through September.
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NMHC/NAA Discuss NFIP with Rep. Gottheimer
On April 17, NMHC/NAA participated in a Flood Insurance Roundtable in New Jersey with Congressman Josh Gottheimer (D-NJ) who serves on the House Financial Services Committee which has jurisdiction over the National Flood Insurance Program and its reauthorization.  David Legow, the owner of Legow Management Company, provided the Congressman with information regarding the critical role that the National Flood Insurance Program (NFIP) plays for the apartment sector and the real estate industry.
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Holland, Bibby Take Center Stage at Transportation Summit
This week, NMHC leaders participated in the 2017 LOCUS Leadership Summit: P3 is for Partnerships, Placemaking, and Policy. LOCUS is an organization that brings together forward-thinking real estate developers and policy makers committed to better balancing federal housing and transportation policy.
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New Tariffs on Canadian Softwood
This week, the Trump Administration imposed new tariffs on Canadian softwood lumber that may increase the cost of wood construction nationwide. The tariffs result from a long-running dispute over lumber subsidies provided by the Canadian government to the disadvantage of American lumber producers. However, the housing industry and consumers may be negatively impacted by the 20 percent tariff on Canadian lumber imports. Residential home construction is the primary consumer for Canadian lumber and research from a recent Annual Builder Practices Survey conducted by Home Innovations Research Labs estimates that $5,354 of softwood lumber is used in an average multifamily home.. Consumer lumber costs will increase approximately 6 percent according to research conducted by the National Association of Home Builders.
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FAIR HOUSING
NMHC/NAA Release New White Paper on Disparate Impact
NMHC/NAA have released a new white paper examining recent developments in the Department of Housing and Urban Development’s (HUD) rulemaking process and their issuance of guidance based on disparate impact liability under the Fair Housing Act (FHA). The document is intended to provide an in-depth review of the latest agency actions on disparate impact that are relevant to apartment owners, operators, developers and managers throughout the country.
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MAIL & PACKAGE DELIVERY
NMHC/NAA Cautions Congress on Impact of Changes to Mail Delivery
The current mail delivery model for apartments could change significantly due to a bill that addresses United States Postal Service’s (USPS) budget shortfalls through a variety of cost-savings measures, including changes to mail delivery policy. Since operators and residents of apartment communities across the county continue to rely on the USPS for much of their mail and package delivery, reform efforts that impact apartment operations and the services received in our communities are of critical importance to the multifamily industry.
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GSEs AND HOUSING REFORM
GSE Reform Discussions Heat Up Again
Discussions on GSE reform have started to heat up again. Last week, Doug Bibby represented NMHC/NAA in a bipartisan staff briefing for the Senate Banking Committee staff. The purpose of this staff briefing was to provide an overview of the role that the GSEs play in the multifamily industry and to highlight key areas that should be supported through any type of housing finance reform. Other participants included, the Mortgage Bankers Association (MBA), the National Low Income Housing Coalition, and Enterprise Partners.
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Bipartisan Duo Take Another Step Toward Regulatory Reform
Seizing on growing desire in Washington, at both ends of Pennsylvania Avenue, for real and meaningful regulatory relief and reform for American businesses, Senators Rob Portman (R-OH) and Heidi Heitkamp (D-ND) introduced the Regulatory Accountability Act (RAA). An identical companion measure has passed the full House of Representatives on January 11, 2017, setting the table for Senate action in the near future. NMHC/NAA strongly support the legislation because it would improve the transparency of executive branch regulations by requiring federal agencies to invest more effort earlier in the rulemaking process to gather data, evaluate alternatives, and receive public input about the costs and benefits of its rules. A recent coalition letter that NMHC/NAA joined urging its consideration can be found here.
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NMHC 50
NMHC Lets Congress Know About the 2017 NMHC 50
In early April, NMHC published the 2017 NMHC 50 - the authoritative ranking of the nation’s largest apartment owners, manager, developers, general contractors, and, new this year, syndicators.
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Upcoming Meetings

2017 Pacific Coast Builders Conference, June 28-29 in San Diego
NMHC PAC
NMHC PAC Chairwoman Sue Ansel Reports that NMHC PAC is Off to Strong Start
PAC Chairwoman, Sue Ansel, reports that fundraising is in full swing as we head into the second quarter of 2017. To date, the PAC has brought in $390,186 on the way to the $1.25 million goal this year. There will be much to discuss at the NMHC PAC Committee meeting next month in New York City during the NMHC Spring Board Meeting.
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Hill Watch
House Committee on Financial Services Hearing on "A Legislative Proposal to Create Hope and Opportunity for Investors, Consumers, and Entrepreneurs"
House Committee on Energy and Commerce Hearing on Legislation Addressing Pipeline and Hydropower Infrastructure Modernization
Senate Environment and Public Works Committee Hearing on Infrastructure Project Streamlining and Efficiency
Media Roundup
Trump Picks Pam Patenaude to Serve as HUD Deputy Secretary
Housing Wire
Trump Goes Big on Tax Reform
The Hill
White House Proposes Slashing Tax Rates, Significantly Aiding Wealthy
New York Times
Trump's Corporate Tax Rewrite Faces Major Obstacle: Its Cost
Bloomberg
Trump: I'll Withdraw From NAFTA If We Don't Get a 'Fair Deal for All'
Politico
Trump Slaps First Tariffs on Canadian Lumber
CNN
Lumber Tariff Adds Wrinkle to NAFTA Talks With Canada
New York Times
Freedom Caucus Gets to Yes on Healthcare
The Hill
House Republicans Introduce One-Week Spending Bill to Continue Budget Talks
Washington Post
The Scoop

The Rise and Fall — or Maybe Rebirth? — of the White House Correspondents' Dinner

When Washington’s signature social event kicks off this weekend, Wolf Blitzer will not be dining with Ashton Kutcher.

Oscar winners will not clink cocktails along moonlit embassy balustrades. Distinguished political analysts will not tumble out of receptions with shoulder-straining gift bags stuffed with luxury cosmetics and gourmet organic cookies. The stars of “Saturday Night Live” will not lean in for selfies with Chuck Schumer.

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