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July 28, 2017
Bibby Heads to the White House to Make the Apartment Industry's Case for Tax Reform
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Copyright: David Kay

NMHC President Doug Bibby will attend a Real Estate Tax Reform Listening Session at the White House on July 31. The event will give Doug an opportunity to highlight the industry’s tax reform priorities with Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn.

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NMHC Leads Industry Advocacy Against FCC Regulation

Copyright: Mark Van Scyoc

NMHC filed comments with the Federal Communications Commission (FCC) on July 24 arguing against imposing regulatory limits on the ability of rental apartment communities to negotiate exclusive marketing, bulk billing, revenue sharing or exclusive wiring agreements with broadband providers. In June, the FCC approved a Notice of Inquiry (NOI) requesting comments on the impact of such agreements on broadband competition in residential and commercial “multiple tenant environments” (MTEs) including rental apartment communities, condominiums, community associations, shopping centers, offices and other centrally-managed properties.

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NMHC Insider
This Week in Washington
During a late night/early morning Senate Vote-O-Rama, Senator John McCain (R-AZ), freshly returned from the hospital, as well as Senators Lisa Murkowski (R-AK) and Susan Collins (R-ME), voted to reject the Affordable Care Act repeal bill. True to his nature, McCain held onlookers in suspense, telling reporters to “wait for the show.” The demise of GOP repeal efforts for the time being means that the House and Senate will be moving on to tax reform.
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Thank You to NMHC's 2018 40th Anniversary Sponsors

NMHC thanks its 40th Anniversary sponsors Kettler, RealPage and Yardi. As we prepare to celebrate this milestone, we are offering a special, one-time sponsor package in 2018. If you’d like to join this exclusive group of sponsors, please contact Melissa Rowan at mrowan@nmhc.org for details. Two more opportunities remain!

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Senate Leaders Introduce Flood Reauthorization

This week, Chairman Mike Crapo (R-ID) and Ranking Member Sherrod Brown (D-OH) of the Senate Banking Committee introduced bipartisan legislation to reauthorize and reform the National Flood Insurance Program (NFIP). The Congress is working aggressively towards advancing a reauthorization package before the program expires at the end of September 2017.

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Apartment Industry Provides Congress with Housing Affordability Solutions

The apartment industry this week provided Congress with solutions to address housing affordability challenges confronting the nation. Submitting detailed proposals ahead of a Senate Finance Committee hearing, America’s Affordable Housing Crisis: Challenges and Solutions, scheduled for August 1, NMHC/NAA called on Congress to expand housing tax incentives, fully fund housing programs and remove regulatory barriers.

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Resident Screening Legislation Soon to be Introduced in Senate

Senator Cory Booker (D-NJ) recently announced plans to introduce legislation that would amend the Fair Credit Reporting Act (FCRA) to enact stricter regulations on resident screening providers?  and offer renters additional protections after reports of abuses which have included alleged “blacklisting.”

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Military Housing Benefits Face Uncertain Future

Both the House and Senate Armed Services Committees have completed work on their annual defense authorization bills, which include competing provisions on military housing benefits. The House bill includes language recognizing the success of the privatized housing program and raises concerns about recently enacted cuts to the Basic Allowance for Housing (BAH). The provision would freeze BAH reductions and compel a report to analyze the sustainability of the privatized housing program.

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Administration Reverses Course, Agrees to Review AFFH Rule
After months of pressure from industry groups and Congress, including NMHC/NAA, HUD is taking a second look at a controversial regulation from the previous Administration. Last week, HUD Secretary Ben Carson announced that the Department will “reinterpret” the Affirmatively Furthering Fair Housing (AFFH) Rule finalized under the previous Administration in 2015. This announcement followed a letter on July 14th from 20 Congressmen and Senators asking Secretary Carson to rescind the Rule entirely, and to instead, “pursue real, sensible reforms to reduce poverty and improve the opportunities available to lower-income citizens at the local level.” The letter highlights threatened suspension of federal grants and expanded opportunities for lawsuits as reasons to oppose the Rule, and instead insists on allowing local governments to retain the right to make zoning decisions.
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Upcoming Meetings

Alabama Special Senate Election

Alabama is in the midst of a tightly contested race to fill the Senate seat left open by Jeff Session’s appointment as Attorney General. Currently, republican, Luther Strange, formerly Alabama's attorney general, holds the seat through a gubernatorial appointment.

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Hill Watch
Senate Finance Committee Hearing on America's Affordable Housing Crisis: Challenges and Solutions
Media Roundup
Here's Statement from Congress, White House on Tax Reform
Market Watch
White House Eyes Plan B If Tax Effort Falters
Tax Overhaul Framework May Go Public This Week
Whalen: Future of Fannie, Freddie Not the Real Issue with GSE Reform
Mnuchin: Housing Finance Reform Still a Priority for Trump Administration
Experts Weigh In: Is American Housing Policy at a Historic Crossroads?
These Four Trends in Rental Housing Have Big Implications for the Growing Affordable Housing Crisis
Urban Institute
Realtors Endorse House Flood Insurance Extension
The Hill
The Scoop

The Gang Gets Back Together 

Senators Lindsey Graham (R-SC) and John McCain (R-AZ) join former Speaker Boehner at their favorite Italian joint on Capitol Hill.

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