Apartment market reps stress need for better housing policies

Government officials need to do more for the multifamily market, according to the NMHC.

The National Multi Housing Council recently met with multiple government officials to explain that property management companies need more positive housing policies passed in the near future.

Both tax issues and the reform of government-sponsored enterprises Freddie Mac and Fannie Mae were highlighted during the meeting, the council explained. While the announcement noted the large amount that still has to be done, members of Congress were receptive to the idea that multifamily properties are an important part of the country's economic structure.

However, there are still issues that need to be addressed with lawmakers, the council explained.

"Despite the fact that we had a less than one percent default rate, we still face an uphill battle to educate Congress that a multifamily solution could be both separate and expedited from reforming the single family side," said Doug Bibby, president and CEO of NMHC.

The reform of the aforementioned GSEs could affect capital availability for the rental market, and the federal government may need to take measures to ensure that this is rectified.

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