Apartment Industry Response to the State of the Union
WASHINGTON, D.C. – (RealEstateRama) — Statement from the National Multifamily Housing Council (NMHC) and the National Apartment Association (NAA) in response to President Trump’s State of the Union address:
“On behalf of the apartment industry, the 39 million Americans who call apartments home and the 12.3 million whose jobs are supported by the industry, we applaud President Trump and his administration’s focus on economic growth and job creation through infrastructure development, the ongoing federal regulatory overhaul and the recently reformed tax code.
“Last night the President made it clear that infrastructure is a top priority this year. As lawmakers develop legislation, NMHC/NAA are focused on ensuring that housing and local infrastructure that impact the cost of housing are key components of any infrastructure package. With housing demand continuing to grow, policymakers must take advantage of this moment to drive new residential investment, support community-level infrastructure and promote transit-oriented and high-density development.
“By 2030, there will be 94 million more people in the U.S. than there were in 2000. All of these people need somewhere to live and work. Last year’s tax reform package and the overhaul of the federal regulatory landscape go a long way towards protecting and enhancing the multifamily industry’s ability to serve the millions of Americans who live in apartments.
“We look forward to working with the administration and policymakers on a job-creating infrastructure package that helps the multifamily industry build the 4.6 million new units that are needed to meet surging demand.”