NAHMA Joins Industry Coalition Calling on Lawmakers to Address Rising Insurance Costs
Today, NAHMA joined, the Housing Affordability Coalition, a coalition of industry groups representing America’s housing providers, lenders, and residents to send members of Congress and the Biden administration a letter outlining a number of bipartisan policies to address the causes of rising insurance premiums across the nation’s housing market. The letter focused in particular on the significant negative impacts such increases have had on all stakeholders, including, but not limited to, single-family, multifamily, and affordable housing developers, lenders, investors, owners, and our nation’s renters.
Rising insurance costs are one of several factors that are mostly beyond the control of housing providers, driving price increases. The volatility in the insurance market over recent years hinders the ability of housing providers to deliver the housing that is so desperately needed. Since housing costs are a major driver of inflation, addressing insurance and other operating cost challenges in the rental market will also have positive follow-on effects for the national economy.
Ultimately, our primary objective in this letter is to ensure housing providers can meet the long-term housing needs of the nearly 40 million Americans who live in rental homes and continue to foster the growing contributions rental housing makes to our economy and communities throughout the country.
NAHMA and Industry Partners File Comments on HUD’s Use of Criminal Records Proposed Rule
Today, NAHMA joined with NLHA, NAA, NMHC, NAHB, and CARH to submit comments in response to HUD’s Proposed Rule entitled Reducing Barriers to HUD Assisted Housing. The law firm, Reno & Cavanaugh, filed the comments on behalf of the associations. In the attached comments, we state, “The Associations applaud HUD’s effort to clarify and attempt to make it easier for owners and PHAs to develop, implement, and apply criminal screening policies. However, for the reasons discussed below (see comments) , the Associations believe the Proposed Rule is overly complex, overly prescriptive, and, contrary to HUD’s assertion, significantly limits a provider’s discretion to make admission and termination decisions.” I have attached the comment letter for your review.