NAA Five, for the Week Ending August 8th, 2025

Date postedAugust 8, 2025
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NAAHQ // Aug. 8, 2025
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NAA FIVE
A weekly digest of key rental housing news and takeaways
prepared exclusively for NAA’s leadership
 

The Big Picture: Massachusetts is in the process of adding a ballot initiative that would add a rent cap of 5%. Lower housing costs in the Midwest are becoming a popular option for Gen Z. Washington state announces $212 million in funding for affordable rental housing.
This week’s top stories
What We're Advocating

Against the CARES Act Requirement: A new law in Colorado that codifies the 30-day notice requirement for covered housing will only exacerbate housing challenges and increase costs. The law also included a range of additional protections for renters using subsidies or vouchers. Read more.  
What We're Saying

LIHTC Cap: The Federal Housing Finance Agency (FHFA) announced an increase to the Low-Income Housing Tax Credit (LIHTC) cap for Fannie Mae and Freddie Mac (the Enterprises) from $1 billion to $2 billion. Read NAA’s statement in support.  

Deeper Dive: Read coverage of the announcement in Multifamily Executive. 

Energy Star: “It’s a $32 million program for the government, but it provides, in terms of return on investment  — it’s huge,” NAA's Nicole Upano told CNBC. “It provides hundreds of billions of dollars of savings for consumers and businesses in its current form, and if it were to be managed by an external company, that might result in a fee-based system that would increase the cost to use this program.” Read more.
What We're Doing

Political Affairs Update: From attending the Democratic Mayors Association to advancing funding crucial advocacy initiatives, learn more about how NAA is amplifying the voice of rental housing and delivering key industry wins.  

Cultivate: NAA’s Cultivate returns in 2026! Join the next generation of senior leaders to tackle industry challenges and grow your network at this intimate, highly strategic event on February 17 and 18 in Nashville. Register here.  
 
What We're Hearing

Rent Control: “A coalition of housing advocates will file ballot initiative language on Wednesday that would cap annual rent increases across Massachusetts. Massachusetts eliminated municipal limits on rent increases through a 1994 ballot question. (Axios Boston) 

Micro-Housing: “Micro-housing is all the rage on the West Coast, according to data from StorageCafe. Once sought after for affordability, micro-housing is now making a push due to lifestyle habits. In the 2000s, micro-units of 441 square feet and under made up 1.1% of the market, and now in the 2020s, it has jumped to 2.4%.” Read more. 

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