Apartment Industry Response to the State of the Union


WASHINGTON, D.C. – February 13, 2013 – (RealEstateRama) — Statement from the National Multi Housing Council (NMHC) and National Apartment Association (NAA) by Cindy Chetti, NMHC Senior Vice President of Government Affairs:

“We applaud President Obama’s renewed efforts to jumpstart the economy and create new jobs outlined in his State of the Union address. In a newly-released report, the apartment industry and our residents support more than 25 million jobs across the country – that’s a $1.1 trillion economic impact to the country.

“Apartments help local businesses grow and communities thrive. However, the industry will not be able to meet the nation’s demand for apartment homes without long-term housing finance reform. This requires access to capital in all markets at all times.

“The country, and with it, our housing preferences, are changing. For the 35 million Americans who call apartments home now and the millions more who will move into apartments over the next decade, it’s time for our housing policy to change as well.”

More information about the economic impact of apartments can be found at www.WeAreApartments.org.

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For more than 20 years, the National Apartment Association (NAA) and the National Multi Housing Council (NMHC) have partnered on behalf of America’s apartment industry. Drawing on the knowledge and policy expertise of staff in Washington, D.C., as well as the advocacy power of 170 NAA state and local affiliated associations, NAA and NMHC provide a single voice for developers, owners and operators of multifamily rental housing. One-third of Americans rent their housing and 35 million people live in an apartment home. For more information, contact:

NMHC at (202) 974-2300 or or www.nmhc.org.

NAA at (703) 797-0616 or or www.naahq.org/governmentaffairs.

Jim Lapides, 202/974-2360,

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