Federal Government Affairs
As an AAGO member, you also benefit from dual membership with the National Apartment Association and the benefits of their Government Affairs team. NAA and the National Multi-Housing Council have a partnership agreement that provides all of our collective members, the owners, developers, and managers who provide apartment homes for 35 million Americans, with a comprehensive and thorough government and public affairs program to represent the $1.1 trillion apartment industry. NAA/NMHC and its 170 affiliates across the country serve as the voice of the industry to the federal government.
NAA/NMHC's Government Affairs staff are issue-area experts who closely monitor and advocate industry positions on a number of federal issues of great importance to your business. Below is a brief list of just some of the policy priorities on which the Association advocates. For more detailed policy position papers and updates, please click here.
Housing Finance Reform
All private sources of capital, from commercial banks to life insurance companies, to the commercial mortgage-backed securities market, have limitations either in terms of loans they offer, the kinds of properties and markets they target, or even their capacity or willingness to lend in all markets at all times. Taxpayers and the mortgage finance system itself should be protected through a strong regulatory framework and multiple layers of private capital. Policymakers should protect and preserve existing resources, as well as support greater transparency, during the transition to a comprehensive overhaul of the housing finance system.
Pro-Growth Tax Policy
The apartment industry favors pro-growth reform that does not disadvantage multifamily housing relative to other asset classes. We support a comprehensive approach to tax reform that does not reduce rates for corporate taxpayers at the expense of flow-through taxpayers (e.g., LLCs, partnerships and S Corporations) that remit business taxes on their individual income tax returns and dominate the apartment industry. We also strongly support maintaining the current-law tax treatment of carried interest, the full deductibility of business interest, the Low-Income Housing Tax Credit, and the estate tax compromise agreed to in the American Taxpayer Relief Act of 2012 that calls for a $5.34 million exemption (indexed for inflation) and a 40 percent top rate.
Apartments represent a significant opportunity for achieving energy efficiency and furthering public policy goals of energy independence and environmental sustainability. By their basic density and design, apartments are inherently energy efficient. Trying to use aggressive building codes or other mandates to force energy savings to ignore the unique characteristics of apartment construction, operation, and maintenance and creates additional hurdles that block the industry from meeting growing rental housing demand. NAA/NMHC are working to assure that the transition to advance building systems (HVAC, Boilers, lighting, Etc.) efficient equipment takes into consideration technical limitations of existing buildings and cost concerns.
Codes and standards directly impact all aspects of apartment construction and affordability, including structural design, energy performance, fire protection, accessibility and green building. NAA/NMHC representatives regularly serve on code and standard development committees, craft code proposals, and represent the multifamily sector at code hearings. NAA/NMHC provides resources to the industry to aid in new code adoption and implementation once updated codes and standards are published. The NMHC and NAA websites include extensive information on building codes and standards including primers, guidance on changes, and toolkits.
NAA Government Affairs Resources
Click the link above to read the NAA Government Affairs’ publication, which includes all aspects of industry advocacy in one go-to resource. Here you'll find the latest news, industry tips, and calls to action for members of the apartment industry.