APARTMENT ADVOCATE
NATIONAL APARTMENT ASSOCIATION /
NATIONAL MULTIFAMILY HOUSING COUNCIL
Apartment Industry Statement on “Big 6”
Tax Reform Outline
N
MHC/NAA welcome the release of the Republican tax development of multifamily housing. We are particularly pleased the
develop pro-growth tax reform that will create jobs and pass-through entities to Congress. Full interest deductibility for all enti-
reform framework and applaud the efforts by lawmakers to
spark economic growth. We look forward to discussing with
Congress our members’ key issues in the proposal, and the impact of the
package on the apartment industry and its potential to help solve Amer-
ica’s housing affordability crisis. The country needs 4.6 million more
apartments by 2030 just to meet demand, and it’s critical that tax policy
supports the production of that housing.
“As an industry largely made up of flow-through entities, we support a
more competitive 25 percent pass-through rate and urge lawmakers to
make sure all legitimate business income qualifies. Additionally, the frame-
work’s cost recovery rules leave us hopeful a final bill will promote the
42 | TRENDS • OCTOBER 2017
framework leaves the decision regarding the deductibility of interest for
ties involved in real estate is crucial to the development of capital intensive
multifamily buildings.
“NMHC/NAA also applaud policymakers for recognizing the critical
role the Low-Income Housing Tax Credit (LIHTC) plays in driving the
construction of housing that is affordable to low-income families. The
commitment to retaining this incentive in any final tax package is clearly
an initial step in the right direction, and we will work to ensure that tax
reform does not inadvertently diminish this valuable tool.
“The apartment industry is critically important to communities across
the country. Change must be carefully considered to those specific aspects
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