NAA Five, for the Week Ending September 5th, 2025

Date postedSeptember 5, 2025
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NAAHQ // Sept. 29, 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: Maryland’s Governor Moore signed an executive order to expand housing availability and construction. The National Equity Fund closed on a $444M investment toward preservation efforts in Oregon and New Mexico. An affordable housing grant that has helped many rural communities could be eliminated.

This week’s top stories
What We're Advocating

Policy Highlights – Artificial Intelligence: Given the potential change that AI and emerging technologies have for American life, the federal government has started engaging in this rapidly expanding policy field. The One Big Beautiful Bill Act (OBBBA) sets new rules for AI and the White House has announced an AI policy action plan that aims to accelerate private sector led innovation. Learn more. 
What We're Saying

Mortgage Rates: “The Freddie Mac fixed rate for a 30-year loan declined this week in the wake of the global bond sell-off that kicked September off to a rocky start,” noted NAA’s George Ratiu in the latest economic indicators blog. “Investors are concerned about the fiscal outlook viewed through the lens of a slowing economy, as well as the Federal Reserve’s efforts to curtail inflation.” Read more. 
 
What We're Doing

HUD Rates: HUD has submitted several rules to the Executive Office of the President (EOP) for approval. These changes would dramatically shift federal housing policy and likely advance two industry priorities: 1) Eliminate federal enforcement of the CARES Act 30-day notice requirement and 2) make meaningful improvements to the agency’s disparate impact rule.  Read the latest. 

What's Next: NAA will continue its advocacy with the Administration to ensure the rental housing industry’s voice is heard as Trump officials contemplate changes to federal policy. 
What We're Hearing

Housing Availability: “Maryland Gov. Wes Moore signed an executive order Tuesday aimed at speeding up housing construction and expanding housing availability. The order, titled Housing Starts Here, directs all state agencies that issue housing-related permits to assign senior permit coordinators and strengthen their review procedures by early next year.” (CBS News)  

Affordable Housing: “National Equity Fund, a Chicago-based nonprofit multifamily and affordable housing real estate investment management firm, has closed on a $444 million investment with partner Guardian Real Estate Services to preserve a 13-property, 2,740-unit portfolio located in the Portland, Ore. and Albuquerque, N.M., metros.” (Multi-Housing News ) 

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