NAA Five, for the Week Ending August 1st, 2025

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NAAHQ // Aug. 1, 2025
NAA
 
NAA FIVE
A weekly digest of key rental housing news and takeaways
prepared exclusively for NAA’s leadership
 

The Big Picture: The ROAD to Housing Act advanced in Congress, enabling a significant step toward increasing the U.S. housing supply.  A judge has ordered that HUD must continue to allocate federal fair housing funds. High interest rates and steep prices have frozen California’s housing market.  

This week’s top stories
What We're Advocating

HUD Funding and Appropriations: The U.S. Senate Appropriations Committee has passed the T-HUD budget, which includes a higher budget overall and $1.25 billion in funding for HOME Investment Partnerships. Read more. 

What We're Saying

FOMC Rates: Despite inflationary pressures, the Federal Reserve’s rate-setting committee kept rates unchanged at this month’s meeting. Learn more.  

What We're Doing

ROAD to Housing Act: NAA, NMHC and RETTC applaud the ROAD to Housing Act. This Act promotes rental housing development and increased housing supply, with an emphasis on zoning reform and investment. Read the statement here.  

What We're Hearing

Fair Housing Funds: “U.S. District Court Judge Sparkle Sooknanan issued a temporary order on Tuesday, mandating that the U.S. Department of Housing and Urban Development (HUD) allocate crucial federal fair housing funds nationwide.” (HousingWire  

Bipartisan Housing Bill: “The Senate Banking Committee on Tuesday unanimously advanced a huge housing bill aimed at boosting the supply of homes in the U.S. It's a rare moment of bipartisan agreement — and a sign of how bad the real estate market has gotten in the U.S., where home prices have soared and there's an ongoing shortage of affordable homes.” (Axios)