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NMHC, NAA Weigh in on Housing Finance Reform
National Multifamily Housing Council’s (NMHC) and National Apartment Association’s (NAA) message to Congress, make sure “housing finance reform provides consistent access to debt capital.” That sentiment was central to recent testimony before the House Financial Services Subcommittee on Housing and Insurance.
Bob DeWitt, GID Investment Advisers and NMHC Chair, says, “Careful and correct housing finance reform is critical to a competitive and robust apartment sector that helps nearly 39 million people live in homes that are right for them.”
Given the extreme capital intense nature of the apartment industry, the group’s view is that housing finance reform in the works must address the unique differences between the multifamily and single-family industries, and maintain an explicit, paid-for federal guarantee for multifamily-backed mortgage securities that is available in all markets at all times.
For comments, questions or concerns, please contact Dennis Kaiser
