NAA Five, for the Week Ending November 7th, 2025

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NAAHQ // Nov 7, 2025
NAA
 
NAA FIVE
A weekly digest of key rental housing news and takeaways
prepared exclusively for NAA’s leadership
 

The Big Picture: The government shutdown enters its sixth week. Advocates in Michigan warn HUD layoffs will weaken housing programs in the state. Sonida acquired CNL Healthcare for $1.8 billion, creating the largest senior housing firm.   

This week’s top stories
What We're Advocating

Government Shutdown: As the government shutdown enters its sixth week, NAA continues to monitor several continuous impacts and share industry resources such as sample communications for property managers and affected residents. View the resources and learn more. 

Election 2025: On or before Tuesday, November 4, 2025, voters in communities across the country cast their ballots in this year’s election. With housing as one of the most defining issues again this year, read the results of seven key housing-related ballot measures. View results

What We're Saying

Shutdown Impacts: The shutdown continues to have impacts on the rental housing industry. NAA’s Assistant Vice President of Housing Policy and Regulatory Affairs Nicole Upano told Bisnow that “there’s ‘real concern’ about the ‘potential impact to rental housing and the renters we serve,’ including the potential for missed rent payments.” Read more. 

Apartment Market Pulse: As the seasons are quickly changing and the end of the year is fast approaching, NAA has gathered insights on inflation metrics, weakening employment, rate cuts and more. Read more on this season’s trends. 

 

What We're Doing

Bring on Better™ Awards: Congratulations to NAA's Angel Baltimore for being named Leader of the Year for the Momentive Software Bring on Better™ awards! These awards recognize individuals and organizations across the association and nonprofit sectors that showcase what it means to bring on better, lead with purpose, innovate fearlessly and create impact. Read more about the award and winners. 

Top Employers: NAA’s Top Employers recognizes member organizations that are creating environments of collaboration, innovation and hard work. Nominations close December 31, 2025. Read more

What We're Hearing

HUD: “Although the U.S. Department of Housing and Urban Development’s Region 5 office, which covers Michigan, avoided recent layoffs, fair housing advocates say the cuts elsewhere will still weaken enforcement against housing discrimination nationwide.” (Michigan Advance

Senior Housing: “In the third quarter of 2025, the Seniors Housing sector occupancy improved to 88.7 percent, it’s seventeenth consecutive quarter of improvement. Seniors Housing occupancy has increased by a staggering 150 basis points in the last two quarters.” (Multi-Housing News)