Apartment Advocate Pro
A Tax Provision that Supports Housing and the Economy
By Ben Harrold | August, 2022 | Updated August, 2022
For the past fifteen years, America’s tax code has been under intense scrutiny. Throughout the debate, an important, but relatively unknown provision has been frequently targeted by lawmakers aiming to fund other policy priorities. Known as a “like-kind exchange,” this provision remains in place as…
Rent Control Storms Through the Sunshine State
By Ben Harrold | August, 2022 | Updated August, 2022
Over the past month, three jurisdictions in Florida considered the same question: should rent control be on the ballot in November?Despite overwhelming evidence that rent control stifles development of new housing and exacerbates ongoing supply shortages, lawmakers in Tampa, St. Petersburg and…
WSJ Editorial Board Tackles ‘Insanity’ of Rent Control
August, 2022 | Updated August, 2022
The Wall Street Journal Editorial Board discusses the topic of rent control in Florida.Rent control is on the table again in Florida, this time in Orange County. The Wall Street Journal Editorial Board, again, has shunned the idea of capping rents. See the Board’s criticism on St. Paul, Minn., rent…
What the Passing of the Inflation Reduction Act Means for Rental Housing Providers
August, 2022 | Updated August, 2022
The $740 billion Act includes provisions that may affect the rental housing industry. On Aug. 16, President Biden signed the Inflation Reduction Act (IRA) of 2022, ending months of negotiations on a bill totaling over $700 billion. In a significant win for the rental housing industry, the…
CRA Proposal Draws Industry Response
August, 2022 | Updated August, 2022
Rental housing industry reacts to the issuing of a proposed rule by banking regulators that would update the 1977 Community Reinvestment Act.
Banking regulators issued a proposed rule that would update the 1977 Community Reinvestment Act (CRA), which was last updated in 1995. NAA and NMHC joined…
Industry Legal Victory: Ohio Court of Appeals Rules Lead-Safe Certification Eviction Rule Invalid
August, 2022 | Updated September, 2022
In a legal victory spearheaded by the Northern Ohio Apartment Association, the Ohio Court of Appeals ruled on Thursday, August 11, that the Cleveland Housing Court did not have the authority to prevent an eviction due to a building code violation.
This ruling is a win for the multifamily industry…
GART Hits it out of the Park in Louisville
By Bob Siegel | August, 2022 | Updated August, 2022
Earlier this month, the National Apartment Association (NAA) was excited to host the Government Affairs Roundtable (GART) in Louisville, KY. Over 100 industry advocates from NAA’s network of affiliated apartment associations gathered for three days of insightful discussion on policy trends,…
Eviction Prevention Focus of White House Summit
By Sam Gilboard | August, 2022 | Updated September, 2022
Earlier this month, the White House and the United States Department of the Treasury hosted the White House Summit on Building Lasting Eviction Prevention Reform. The White House invited federal, state and local policymakers, as well as community advocates, to share feedback on strategies for…
Senate Holds Hearing on Housing Market Impacts
By Greg Brown | August, 2022 | Updated August, 2022
On August 2, 2022, the Senate Banking Committee held a hearing entitled, “‘The Rent Eats First’: How Renters and Communities are Impacted by Today’s Housing Market.” While the focus of the hearing was on challenges for renters, the housing provider perspective was also heard from National Apartment…
Industry Win: Carried Interest Provision Eliminated from Senate Bill
August, 2022 | Updated August, 2022
August 9, 2022 Update: Senate Democrats were able to pass their budget reconciliation package – the Inflation Reduction Act – after securing the support of Sen. Kyrsten Sinema (D-AZ). The Senator agreed to support the bill after receiving several concessions, including the elimination of the…