APARTMENT ADVOCATE
NATIONAL APARTMENT ASSOCIATION /
NATIONAL MULTIFAMILY HOUSING COUNCIL
NAA/NMHC Provide Comments on Tax Cuts,
Regulatory Reform and the Cost of Regulation
N
AA/NMHC submitted
comments for a House
Financial Services
Committee hearing entitled
“Empowering a Pro-Growth Economy by
Cutting Taxes and Regulatory Red Tape”
on June 20.
NAA/NMHC took this opportunity
to congratulate Congress for enacting
landmark tax reform legislation that holds
great promise for generating economic
growth and fostering job creation.
NAA/NMHC also highlighted several
provisions that need clarification during the
implementation process so that our industry
can build the 4.6 million new apartment
units our nation needs by 2030.
Our industry, and particularly apartment
owners and developers, must balance a
wide array of concerns regarding project
viability, regulatory cost and compliance
at all levels of government. While many
regulatory hurdles and costs – such as
impact fees, continual environmental
reviews and antiquated zoning processes
– are within the purview of state and local
policymakers, there are a wide array of
existing federal regulations that contribute
to making housing less economically
feasible to develop.
The letter also calls attention to
a letter NAA/NMHC sent to the
Administration. The letter outlines a
number of specific federal regulations
that slow or prevent the development
of housing that is affordable; challenge
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46 | TRENDS
JULY 2018
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