Bipartisan Housing Package: The U.S. Senate is seeking to amend the bipartisan housing package in Congress. While the new bill retains many NAA-supported items from prior proposals, it regrettably adds new language that would fundamentally upend the nation’s build-to-rent (BTR) market and jeopardize a longstanding affordable and flexible living option for many Americans. Read more on recent developments.
HUD Work Requirements/Term Limits: HUD has released a notice of proposed rulemaking that would revise HUD regulations to authorize Public Housing Agencies (PHAs) and covered multifamily housing owners to opt into work requirements and term limits for federal housing assistance. Learn more.
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Mortgage Rates: For the first time in 3.5 years, Freddie Mac announced a mortgage rate of below 6%. Though the mortgage rate is now 5.98%, affordability is still a major concern for consumers. George Ratiu, NAA’s Vice President of Research, says that “Consumers battered by slow hiring, mounting monthly bills and higher home prices are struggling with affordability.” Learn more on what this means.
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Renter Advocacy Groups Sue HUD: Earlier this week, three renter advocacy groups and an individual resident sued the U.S. Department of Housing and Urban Development (HUD) in the District of Columbia District Court in response to its Feb. 26 interim final rule, “Revocation of the 30-Day Notification Requirement Prior To Termination of Lease for Nonpayment of Rent.” Read more.
Advocate: NAA’s annual advocacy conference and Lobby Day, where hundreds of attendees will have the opportunity to advocate for pro-housing solutions and speak to lawmakers about crucial housing policies in the nation, is less than three weeks away. Read more on what is ahead for this year’s conference.
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Housing Crisis: “About 7% of new single-family houses hitting the market are now for rent, not sale. More than 10 times as many "build-to-rent" homes were completed in the U.S. in 2024 as compared with a decade earlier.” (NPR)
Tariffs: Late last month, the Supreme Court of the United States issued a 6-3 decision in Learning Resources, Inc. v. Trump, ruling that the International Emergency Economic Powers Act (IEEPA) does not authorize the President to impose tariffs. Learn more.
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