NMHC Statement on White House Housing Action to Promote Rental Affordability

The National Multifamily Housing Council (NMHC) has worked in good faith with the Administration on its Resident-Centered Housing Challenge and is pleased to join that challenge. While they have rejected calls for failed policies such as national rent control, we are disappointed they are pursuing potentially duplicative and onerous regulations that are already appropriately addressed under state and local law. These efforts will do nothing to address the nation's housing shortage and could discourage much-needed investments in housing. We continue to urge the Administration to prioritize enacting the Housing Supply Action Plan they issued in May. The best renter protection is an abundant supply of housing.

While the Administration's initiatives fall short of meaningfully addressing the housing crisis, to help demonstrate the industry's resident focus, NMHC has committed to working with its 2,000 members to identify business standards that align with principles of resident-centered management practices, such as helping residents build credit and providing resource information to residents in financial distress, and communicating these practices through a new resource hub on its website.