NMHC, NAA Seek Rollback of Apartment Regs

Bibby (pictured) and Pinnegar write that “regulations must have demonstrable benefits that justify the cost of compliance.” (Photo: REIT.com)

WASHINGTON, DC—The apartment industry is calling on the Trump administration to stem some of the “flood” of federal regulations that can make multifamily development less economically feasible. In a letter to President Trump, Vice President Pence and other federal officials, the National Multifamily Housing Council and National Apartment Association cited rules covering everything from energy use to construction lending and asked the administration to reform or rescind them.

“The multifamily sector is under increasing pressure to meet booming demand across the country,” according to a letter above the signatures of NMHC president Doug Bibby and NAA president and CEO Robert Pinnegar. “Experts believe this trend will continue, if not increase, due to a host of factors including demographic change and evolving consumer preferences.”