Federal Deregulation: During May, NAA supported the Trump administration's accelerated deregulation efforts across the federal government and worked to advance the industry's key priorities - including a meeting with Federal Housing Finance Agency (FHFA) leadership. Read more.
Key Win: In the FHFA meeting, NAA confirmed that the underlying directive mandating that Fannie and Freddie deepen "enhanced tenant protections" at enterprise-backed housing - such as rent control, a source of income mandate or just cause eviction requirements - has been eliminated.
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Senate Tax Bill: NAA’s Assistant Vice President Owen Caine says that, “The One Big Beautiful Bill Act (OBBBA) faced heavy resistance in the House and is expected to have a number of uphill battles before a full vote in the Senate, as Senate Majority Leader John Thune (R-S.D.) plans to pass the OBBBA without the support of Democratic lawmakers and only being able to lose three votes from the Republican caucus.” Learn more about the bill's next steps.
CARES Act: NAA’s General Counsel Ayiesha Beverly and Staff Attorney Mark Russell wrote that, “On May 29, 2025, the Supreme Court of Virginia (SCOVA) declined to hear an appeal in Woodrock River Walk v. Rice, et al, finding that there was “no reversible error” made by the Virginia state Court of Appeals. This action cements the state Court of Appeals ruling that clarified how the Virginia eviction process is affected by the federal CARES Act 30-day notice to vacate requirement.” Read more on the decline.
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Apartmentalize: Final preparations are underway for Apartmentalize, the rental housing industry’s premier conference and NAA Exposition. Ahead of next week:
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Colorado Revenue Management Ban Vetoed: Colorado Governor Jared Polis has vetoed House Bill 1004. The legislation would have prohibited the sale, distribution or use of algorithmic devices intended to set or recommend rents or occupancy levels and designated violations as an illegal restraint of trade or commerce under the state’s antitrust laws. Read more.
Housing Crisis: “In the race to be New York City’s next mayor, few issues have generated proposals as ambitious and sprawling as the housing crisis, a top concern for a growing number of voters. The share of available apartments is at its lowest point in nearly 60 years, rents continue to climb and high rates of homelessness remain a persistent part of city life. There aren’t enough homes being built to satisfy the demand to live here, many housing experts say, while the Trump administration’s plan cut to federal housing aid could upend the city’s ability to help its most vulnerable residents.” (New York Times)
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