Since the COVID-19 pandemic began and stay-at-home orders were put into place, rental housing has been in the spotlight, with attention staying on even after residents returned to work due to new challenges from a housing supply shortage and rising inflation. The Biden Administration is particularly focused on rental housing issues, and has hosted a series of informational summits, discussions, and meetings with housing providers, resident-advocate groups, and state, local and national policymakers to discuss the state of rental housing in the country. NAR, as the leading real estate advocacy organization, is one of a select few housing provider groups invited by the White House to join these discussions, and has stressed that its membership – 40% of which owns rental housing property – largely represents “mom-and-pop housing providers,” who own just a few units, have small margins, and who have also been impacted by inflation and rising costs. NAR has steadfastly opposed policy proposals which would interfere with the ability of housing providers to enforce their contracts, the rights of states and localities to set their housing regulations, burdensome requirements that entirely fall on property managers and housing providers with no reciprocal relief for them, and any type of rent control. Amplifying that message is the housing provider coalition NAR belongs to, which brings together representatives from all the major housing provider groups in the country to share their expertise and perspectives on any potential policy actions related to rental housing.
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:
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 regarding “resident-centered property management practices” discussions, and the December 2022 letter to the House Financial Services Committee 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.
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