The White House has made clear that promoting resident-centered property management practices is a priority of the Administration, but it is not yet known what type of promotions or actions they are planning in support of that. NAR has been consistent in its messaging and responses to policymakers in the White House, federal agencies, and on Capitol Hill on these issues, making clear that:
- Rental housing policy belongs at the state/local level, where policymakers are closer and better equipped to know the specific needs and challenges faced in their communities;
- Policies which drive housing providers out of the market will have both the immediate and long-term impact of making rental housing more sparse and thus more expensive;
- The Federal government has tools at its disposal to alleviate the pressure on rental housing stock by creating more affordable housing – both to rent and buy - and provide rental assistance via a range of channels including grants, state and local fiscal recovery funding, and a variety of HUD programs that can be better funded and improved; and
- The root causes of recent rising rents are inflation and the housing supply shortage, both of which the Administration and Congress should be addressing – not a symptom of it.
NAR is at the table for these discussions, and is not faltering in its messaging and advocacy in support of housing providers and property managers, while demanding that federal policymakers address the actual problem – a housing supply shortage and inflation – and not punish one side of those impacted by it in the rental housing ecosystem. NAR, and the housing provider coalition, will continue to engage with the White House on this issue, while exploring other policy solutions to resolve the root cause.
To learn more about the message NAR and its industry partners are sending to policymakers, read the December 2022 coalition letter to the White House(link is external) regarding "resident-centered property management practices" discussions, and the December 2022 letter to the House Financial Services Committee(link is external) for a hearing addressing the impact of inflation on housing supply and affordability.
For additional information on NAR's policies and work on rental housing issues, as well as other resources, visit the NAR Advocacy Rental Housing Resource page.