NATIONAL MULTIFAMILY HOUSING COUNCIL, INC. - 2025 fourth_quarter

Impact of tariffs on multifamily housing

Revenue-Raising Provisions Retaining current law with regard to like-kind exchanges. Retaliatory Tax Measures and Proposed Section 899 H.R. 5336, Equal Tax Act, to amend the Internal Revenue Code of 1986 to equalize treatment of capital gains and earned income, all provisions. Depreciation Tax depreciation rules applicable to multifamily structures. Low-Income Housing Tax Credit, Workforce Housing Tax Credit & Community Development Workforce Housing Tax Credit: Establishment of a Workforce Housing Tax Credit to spur production of multifamily housing for households earning up to 100 percent of area median income. S. 3436 (118th Congress), Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 6686 (118th Congress), Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 2725, Affordable Housing Credit Improvement Act of 2025, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions, in particular issues relating to increased tax credit authority and tax-exempt bond financing requirements. S. 1515, Affordable Housing Credit Improvement Act of 2025, a bill to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions. H.R. 6900, American Affordability Act, to amend the Internal Revenue Code of 1986 to address the nation's cost-of-living-crisis, Title I -- Housing and Municipal Infrastructure, all provisions. H.R. 2854, Neighborhood Homes Investment Act, to amend the Internal Revenue Code of 1986 to establish a tax credit for neighborhood revitalization, and for other purposes, all provisions. S. 1686, Neighborhood Homes Investment Act, to amend the Internal Revenue Code of 1986 to establish a tax credit for neighborhood revitalization, and for other purposes, all provisions. Draft legislation, to amend the Internal Revenue Code of 1986 to exclude from gross income grants supporting the development of affordable housing, all provisions. Issues pertaining to and potential for additional policies necessary for successful implementation of changes to Low-Income Housing Tax Credit enacted in One Big Beautiful Bill Act. Studied ways to reduce the cost of producing housing under the Low-Income Housing Tax Credit program. Adaptive Reuse H.R. 2410, Revitalizing Downtowns and Main Streets Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing, all provisions. Opportunity Zones To promote the rehabilitation and preservation of multifamily housing in all Opportunity Zones nationwide (not only Opportunity Zones located in rural areas), Congress should reduce the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes to no higher than 50 percent.

Legislation/Guidance/Housing Issues Issues pertaining to addressing the nations housing affordability crisis and undersupply of housing. CARES Act 30-day notice of eviction requirement H.R. 1981, Choice in Affordable Housing Act of 2025, to increase the number of landlords participating in the Housing Choice Voucher program, all provisions. S. 890, Choice in Affordable Housing Act of 2025, to increase the number of landlords participating in the Housing Choice Voucher program, all provisions. H.R. 2031, HOME Investment Partnerships Reauthorization and Improvement Act, to reauthorize the HOME Investment Partnerships Program, and for other purposes, all provisions. S. 948, HOME Investment Partnerships Reauthorization and Improvement Act, to reauthorize the HOME Investment Partnerships Program, and for other purposes, all provisions. H.R. 4659, Identifying Regulatory Barriers to Housing Supply Act, to require certain grantees under title I of the Housing and Community Development Act of 1974 to submit a plan to track overly burdensome land use policies, and for other purposes, all provisions. S. 2416, Identifying Regulatory Barriers to Housing Supply Act, to require certain grantees under title I of the Housing and Community Development Act of 1974 to submit a plan to track overly burdensome land use policies, and for other purposes, all provisions. H.R. 1078, Respect State Housing Laws Act, to amend the CARES Act to remove a requirement on lessors to provide notice to vacate, and for other purposes, all provisions. S. 470, Respect State Housing Laws Act, to amend the CARES Act to remove a requirement on lessors to provide notice to vacate, and for other purposes, all provisions. H.R. 4576, Build More Housing Near Transit Act of 2025, to amend title 49, United States Code, to include affordable housing incentives in certain capital investment grants, and for other purposes, all provisions. S. 2363, Build More Housing Near Transit Act of 2025, to amend title 49, United States Code, to include affordable housing incentives in certain capital investment grants, and for other purposes, all provisions. H.R. 4957, Rural Housing Reform Act of 2025, to reform rural housing programs, and for other purposes, all provisions. S. 1260, Rural Housing Reform Act of 2025, to reform rural housing programs, and for other purposes, all provisions. H.R. 4660, Unlocking Housing Supply Through Streamlined and Modernized Review Act, to require the Secretary of Housing and Urban Development to reclassify the application of certain requirements under the National Environmental Policy Act of 1969 for housing-related activities, all provisions. H.R. 5085, to exempt Federal actions related to the construction of infill housing from the requirements of the National Environmental Policy Act of 1969, and for other purposes, all provisions. H.R. 5798, HOME Reform Act of 2025, to amend the Cranston-Gonzalez National Affordable Housing Act to encourage expansion of the supply of decent, safe, sanitary, and affordable housing, with primary attention to rental housing, and for other purposes, all provisions and in particular those pertaining to; (1) allowing HOME funds to be used for tax abatements or to study ways to remove barriers to development and preservation; and (2) Davis-Bacon rules. H.R. 5913, Community Investment and Prosperity Act, to allow the Comptroller of the Currency and the Board of Governors of the Federal Reserve System to increase the aggregate amount of investments that a national banking association and a State member bank may make to promote the public welfare, and for other purposes, all provisions. S. 2464, Community Investment and Prosperity Act, to allow the Comptroller of the Currency and the Board of Governors of the Federal Reserve System to increase the aggregate amount of investments that a national banking association and a State member bank may make to promote the public welfare, and for other purposes, all provisions. Request that Congress lift the public welfare investment (PWI) cap to which banks must adhere for purposes of their investments in Low Income Housing Tax Credit developments and other community development activities. H.R. 6132, Housing Affordability Act, to modify the multifamily loan limits under title II of the National Housing Act, and for other purposes, all provisions. H.R. 6644, Housing for the 21st Century Act, a bill to increase the supply of housing in America, and for other purposes, all provisions. S. 1527, Housing Affordability Act, to modify the multifamily loan limits under title II of the National Housing Act, and for other purposes, all provisions. S. 2361, Accelerating Home Building Act of 2025, to provide grants to units of general local government related to pre-reviewed designs for mixed-income housing, and for other purposes, all provisions. S. 2390, Unlocking Housing Supply Through Streamlined and Modernized Review Act, to require the Secretary of Housing and Urban Development to reclassify the application of certain requirements under the National Environmental Policy Act of 1969 for housing-related activities, all provisions. S. 2391, State and Federal Capacity Sharing for Environmental Reviews of Housing Projects Act, to designate an environmental review procedure for certain assistance administered by the Secretary of Housing and Urban Development, all provisions. S.2441, Build Now Act of 2025, to provide for adjustments to community development block grant allocations based on improvements in housing growth rates, all provisions. S. 2651, Renewing Opportunity in the American Dream to Housing Act of 2025, to increase the supply of affordable housing in America, Title II--Building More in America, Section 203: Housing Supply Frameworks Act, Section 210: Accelerating Home Building Act, Section 211: Build More Housing Near Transit Act, and Section 213: Housing Affordability Act; Title IV--Accessing the American Dream, Section 405: Choice in Affordable Housing Act; and Title V--Program Reform, Section 502: HOME Investment Partnerships Reauthorization and Improvement Act; Passed as National Defense Authorization Act for Fiscal Year 2026 (S. 2296). S.1299/ H.R. 2840 the Housing Supply Frameworks Act, all provisions. S. 3207/H.R. 6124, the End Rent Fixing Act of 2025 S.232 - Preventing Algorithmic Collusion Act of 2025 S. 3207, a bill to prohibit the manipulation of rent prices in the United States, and for other purposes, all provisions. S. 3464, Housing BOOM (Building Occupancy Opportunities for Millions) Act, a bill to increase the housing supply in the United States, and for other purposes, all provisions. S. 2296, National Defense Authorization Act for Fiscal Year 2026, Division I -- Road to Housing Act, all provisions. S. Amdt. 3901 to S. 2296, Renewing Opportunity in the American Dream to Housing Act of 2025 or the "ROAD to Housing Act of 2025, all provisions. Request that FY2026 appropriations: (1) Fully fund Housing Choice Voucher (HCV) renewals; (2) Increase HCV shortfall set-aside funding from $200 million to $400 million; (3) Provide sufficient funding to transition remaining Emergency Housing Voucher (EHV) households to other voucher programs; (4) Allow Tenant Protection Vouchers to be used for EHV households; (5) Protect Continuum of Care (CoC) funding; and (6) Require HUD to renew all existing CoC grants expiring during calendar year 2026 for one 12-month period. Draft legislative proposal, Housing Production Partnership Program Act of 2025, to enable two new eligible activities within Department of Housing and Urban Development's HOME program: (1) Authorization for HOME funds to be used for Federal subsidy for state and local multifamily property tax abatement matching program; and (2) Authorization for HOME funds to be used to fund studies regarding ways state and local jurisdictions could overcome barriers to housing production and preservation. Legislative proposal to amend the TIFIA program to include activities related to commercial and residential development. Legislative proposal to establish a pilot program to deliver Housing Choice Voucher by electronic benefits transfer without federal inspection and lease requirements. Fiscal Year 2026 appropriations, related to funding: Housing Choice Voucher program (including renewals of special purpose vouchers), Housing Choice Voucher Administrative Fee Account, Emergency Housing Voucher households, Project-Based Rental Assistance. We also asked that FY2026 appropriations address the housing needs of rural communities. Federal Housing Finance Agency interpretation of 15 U.S.C. 9058, which requires that the lessor of a covered property provide a tenant 30-days notice before requiring the tenant to vacate. Emergency Rental Assistance Program efforts. HOME Investments Partnership Program reforms Fees in rental housing. Fair Housing Act (Disparate Impact Rule, Screening, Criminal History Policy, and Reporting) Fair Housing Rules as they pertain to Emotional Support Animals. Possible legislation related to federal building code requirements, exemptions or studies. Possible legislation on Fire Safety Requirements related to Single Stair Entry Impact of regulations on the development of multifamily housing. Review and Reform Rules and Regulations Pertaining to the Section 8 Housing Choice Voucher Program (HCV) Application of Build America, Buy America rules to HUD-financed multifamily projects. Issues pertaining to fraud in the rental of multifamily units. 30-Day Notification Requirement Prior To Termination of Lease for Nonpayment of Rent (Docket # 89 FR 101270) Final Rule (24 CFR Parts 247, 880, 884, 886, 891, and 966) Reinstatement of HUD's Discriminatory Effects Standard (Docket #88 FR 19450) Final Rule (88 FR 19450) Reducing Barriers to HUD-Assisted Housing (Docket # FR-6362-P-01) Proposed Rule (24 CFR Parts 5, 245, 882, 960, 966, and 982) Withdrawn on January 16, 2025 Floodplain Management and Protection of Wetlands; Minimum Property Standards for Flood Hazard Exposure; Building to the Federal Flood Risk Management Standard (Docket # 89 FR 30850) Final Rule (24 CFR Parts 50, 55, 58, and 200) HOME Investment Partnerships Program: Program Updates and Streamlining (Docket # 90 FR 746) Final Rule (24 CFR Parts 91, 92, 570, and 982) Adoption of Energy Efficiency Standards for New Construction of HUD- and USDA-Financed Housing; Extension of HUD Compliance Dates (Docket # 90 FR 11622) Final Determination and Reconsideration Department of Housing and Urban Development, Request for Information, Direct Rental Assistance, Docket No. FR-6466-N-01. Department of Housing and Urban Development, Request for Information on the Uses of Rental Housing Finance Survey Data, Docket No. FR-6555-N-01. Department of Housing and Urban Development, Request for Information on the Uses of Survey of Market Absorption of New Multifamily Apartments (SOMA) Data, Docket No. FR-6556-N-01. Disparate Impact: Letter to HUD asking that the Trump Administrations 2020 disparate impact rule be reinstated and that guidance and memoranda relying on HUDs 2013 disparate impact rule be rescinded and revised. Draft Notice on Solar, Cell Tower and Rooftop Leases (Drafting Table) Guidance on Application of the Fair Housing Act to the Advertising of Housing, Credit, and Other Real Estate-Related Transactions through Digital Platforms Guidance on Application of the Fair Housing Act to the Screening of Applicants for Rental Housing Build America, Buy America Act (BABA): Request for Information Regarding Iron, Steel, Construction Materials and Manufactured Products Used in Housing Programs Pursuant to the Build America, Buy America Act (Docket # 88 FR 24690) Request for Information (FR-6331-N-01) Affirmatively Furthering Fair Housing (Docket # 90 FR 4686) Proposed Rule, withdrawn by HUD (24 CFR Parts 5, 91, 92, 93, 570, 574, 576, 903 and 983) National Standards for the Physical Inspection of Real Estate: Inspection Standards (Docket # 88 FR 40832) Notice of Proposed Rulemaking Changes to the Methodology Used for Calculating Section 8 Income Limits Under the United States Housing Act of 1937 (Docket # 89 FR 1583) Notice of Proposed Rulemaking Department of Housing and Urban Development, FR-6436-N-01-Changes to the Methodology Used for Calculating Section 8 Income Limits Under the United States Housing Act of 1937, HUD-2024-0003. Department of Housing and Urban Development, Docket No. FR-6522-N-01, Office of the Assistant Secretary of Housing-Federal Housing Commissioner, HUD, Proposed Changes in Mortgage Insurance Premiums Applicable to FHA Multifamily Insurance Programs (FR Doc. 2025-11814). Review Current Rules, Notices and Guidance pertaining to Criminal Screening, Digital Advertisements, and Discriminatory Standards Reform Rules and Regulations Pertaining to the Section 8 Housing Choice Voucher program (HCV) Issues pertaining to the Department of Housing and Urban Development's processing of multifamily loans. Opposition to rent control. Nomination Nomination of Frank Cassidy for Assistant Secretary of Housing and Urban Development and FHFA Commissioner.

Request that the U. S. Department of Housing and Urban Development (HUD) seek a waiver from the U.S. Department of Labor (DOL) to permit the use of Project Labor Agreements (PLAs) to determine prevailing wages for HUD projects when prevailing wages are required by the Davis-Bacon Act. Davis-Bacon application to split wages, the limitations of residential construction to four stories, and wage determination timing. U.S. Department of Labor, Occupational Safety and Health Administration, Docket No. OSHA-2021-0009, RIN 1218-AD39, Heat Injury and Illness Prevention in Outdoor and Indoor Work Settings

Multifamily access to capital and issues pertaining to potential reforms to Government Sponsored Enterprises (Fannie Mae and Freddie Mac) Federal Housing Finance Agency, 12 CFR Parts 1209, 1281, and 1282, RIN 2590-AB59, 2026-2028 Enterprise Housing Finance Goals, Proposed Rule. U.S. Federal Housing (Federal Housing Finance Agency), Strategic Plan: Fiscal Years 2026-2030. Consumer Financial Protection Bureau, Small Business Lending Data Collection under the Equal Credit Opportunity Act (Regulation B), Docket No. CFBP-2025-0040, RIN 3170-AB40.

Public policies affecting risk management for flood, terrorism, disaster, cyber, business interruption, liability, builders risk, workers compensation, pandemic and the cost and availability of insurance utilized by multifamily firms. Issues pertaining to the rising cost of insurance for multifamily housing providers and its impact on housing affordability. Issues pertaining to pre-disaster mitigation and climate resiliency efforts. National Flood Insurance Program policies, guidance, and requirements affecting existing and future multifamily and single-family properties. Extension of National Flood Insurance Program. Reauthorization of Terrorism Risk Insurance Program. H.R., 5371, Continuing Appropriations and Extensions Act, 2026, making continuing appropriations and extensions for fiscal year 2026, and for other purposes, Division A--Continuing Appropriations Act, 2026, Sec 101. as it pertains to an extension of the National Flood Insurance Program. H.R. 5577, NFIP Extension Act of 2026, to amend the National Flood Insurance Act of 1968 to reauthorize the National Flood Insurance Program, all provisions.

Federal policies affecting data security, breach notification, privacy policies and artificial intelligence affecting owners, developers, managers, and suppliers of the multifamily industry. Public policies affecting risk management for flood, terrorism, disaster, cyber pandemic, and other areas of risk faced by multifamily firms. Reauthorization of the 2015 Cybersecurity Information Sharing Act

Broadband deployment, maintenance, access, affordability, and adoption issues at multifamily communities. Federal policies impacting availability, affordability and reliability of voice, video and data services to multifamily housing communities, including but not limited to inside wiring, broadband and cellular services. Issues surrounding the risks and opportunities posed by artificial intelligence and other emerging technologies on rental housing financing, development, and property operations. Federal policies affecting usage of data, artificial intelligence, software, and other emerging technologies used in real estate operations, development, or finance. Federal policies and guidance impacting the operation of rental housing communities related to the use of technology and consumer protection. Issues related to Broadband Equity, Access, and Deployment (BEAD) Program Reform and funding of the Affordable Connectivity Program (ACP) or similar broadband affordability program Federal Communications Commission, GN Docket No. 25-133, Delete, Delete, Delete Proposed Rulemaking Federal Communications Commission, GN Docket No. 25-165, Termination of Certain Proceedings as Dormant

Federal policies affecting mail and parcel delivery service to rental housing communities.

Issues related to immigration reform and other related proposals that affect the multifamily housing industry. Reforms to the Department of Labor (DOL) H-2B Program and other foreign worker visa programs.

Military Housing Privatization Initiative / Basic Allowance for Housing Housing Amendments in the National Defense Authorization Act for Fiscal Year 2026 (S. 2296), incorporating S. 2651 (ROAD to Housing Act of 2025).

Waters of the U.S. Rule (WOTUS)-Issues related to New Rule Promulgation and Implementation - 88 FR 61964 Revised Definition of Waters of the United States (WOTUS); Conforming Updated Definition of Waters of the United States- Proposed Rule Docket No. EPA-HQ-OW-2025-0322 H.R. 3898, Promoting Efficient Review for Modern Infrastructure Today (PERMIT) Act, all provisions. Reform land use and permitting

Deregulatory efforts on Building Codes / Building Performance Standards / DOE Building Codes Program and impacts on housing affordability. Deregulatory efforts on Appliance and Equipment Efficiency Standards / DOE Appliance Efficiency Program and impacts on housing affordability. 86 FR 73947 Energy Conservation Program for Appliance Standards: Energy Conservation Standards for Residential Furnaces and Commercial Water Heaters 89 FR 37778 Energy Conservation Program: Energy Conservation Standards for Consumer Water Heaters 89 FR 11434 Energy Conservation Program: Energy Conservation Standards for Consumer Conventional Cooking Products 89 FR 19026 Energy Conservation Program: Energy Conservation Standards for Residential Clothes Washers 89 FR 3026 Energy Conservation Program: Energy Conservation Standards for Refrigerators, Refrigerator-Freezers, and Freezers 89 FR 24340 Energy Conservation Program for Appliance Standards: Procedures, Interpretations, and Policies for Consideration in New or Revised Energy Conservation Standards and Test Procedures for Consumer Products and Commercial/Industrial Equipment Preservation of the EnergyStar Program Electrification / Fuel Switching Climate Change / Sustainability

Building Codes / Resiliency Climate Change Building Health and Performance Requirements (Indoor Air Quality; HVAC) Lead in Housing - 89 FR 89416 Reconsideration of the Dust-Lead Hazard Standards and Dust-Lead Post Abatement Clearance Levels EPA Refrigerant Transition Issues - 88 FR 88825 Phasedown of Hydrofluorocarbons: Technology Transitions Program Residential and Light Commercial Air Conditioning and Heat Pump Sector Environmental Protection Agency, EPA-HQ-OPPT-2017-0631; FRL-12687-01-OCSPP, Agency Information Collection Activities; Proposed Renewal Collection and Request for Comment; Residential Lead-Based Paint Hazards Disclosure Requirements

Federal policies on patent enforcement and litigation impacting the rental housing industry. Federal policies surrounding music and audiovisual copyright law and licensing.

Improvements to Department of Transportation Infrastructure Finance and Innovation Act (TIFIA) loan program to encourage transit-oriented multifamily development. Specifically, we requested Congress approve legislation that: (1) Directs DOT to underwrite financing for multifamily development using creditworthiness standards that apply to HUD housing projects; and (2) Applies regulatory requirements, such as those under NEPA, in manner that facilitates housing development. H.R. 6228, Unlocking Affordable Housing Act, to amend titles 23 and 49, United States Code, to direct the Secretary of Transportation to establish creditworthiness standards for residential and mix-use development projects to be eligible for TIFIA funds and RRIF funds, and for other purposes, all provisions. Draft legislation, to amend title 23, United States Code, to direct the Secretary of Transportation to establish creditworthiness standards required for transit-oriented development projects that include commercial and residential development activities to be eligible to receive TIFIA funds, and for other purposes, all provisions. Draft legislation, Build Housing, Unlock Benefits and Services Act (Build HUBS Act), to amend titles 23 and 49, United States Code, to modify the rules relating to eligible projects under the TIFIA program and the railroad rehabilitation and financing program, to establish a transit-oriented development financing program for projects of a certain size, and for other purposes, all provisions.

2025 fourth_quarter Filing

Lobbying Activities (16)

Tariff (miscellaneous tariff bills)

Taxation/Internal Revenue Code

Lobbyists (10)

Housing

Labor Issues/Antitrust/Workplace

Financial Institutions/Investments/Securities

Insurance

Homeland Security

Telecommunications

Postal

Immigration

Defense

Clean Air and Water (quality)

Energy/Nuclear

Environment/Superfund

Copyright/Patent/Trademark

Transportation