Apartment Industry Statement on the Passage of the Tax Cuts and Jobs Act

Apartment Industry Statement on the Passage of the Tax Cuts and Jobs Act

WASHINGTON, D.C. – (RealEstateRama) — Statement from the National Multifamily Housing Council (NMHC) and National Apartment Association (NAA) following the passage of the Tax Cuts and Jobs Act by Congress.

NMHC

“The National Multifamily Housing Council and the National Apartment Association applaud Congress on the passage of tax reform legislation and are pleased that the priorities of the apartment housing industry were largely addressed in the final bill. This legislation will help the multifamily industry meet growing demand to build 4.6 million new units by 2030. As the focus now changes to implementation, NMHC/NAA will continue to analyze and assess the impact of specific provisions on the multifamily industry.”

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Based in Washington, DC, National Multi Housing Council (NMHC) is a national association representing the interests of the larger and most prominent apartment firms in the U.S.  NMHC's members are the principal officers of firms engaged in all aspects of the apartment industry, including owners, developers, managers and financiers.  Nearly one-third of Americans rent their housing, and more than 14 percent live in a rental apartment.

Contact:

Tel: 202.974.2300
Fax: 202.775.0112

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