NAA POLITICAL AFFAIRS UPDATE
NAA POLITICAL AFFAIRS UPDATE
NAAPAC : Off & Running
NAAPAC is celebrating its most successful election cycle yet , raising an impressive $ 2.27 million in 2023-2024 , with over $ 1.12 million in receipts for 2024 alone from more than 2,100 donors . As a result of the unwavering support of NAA affiliates and members , 48 affiliates met or exceeded their 2024 Fund Our Future goal .
APARTMENT ADVOCATE
NATIONAL APARTMENT ASSOCIATION
FHFA Pauses Federal Landlord-Tenant Requirements
Learn more about the temporary pause .
By Landon Erickson
NAAPAC ' s momentum continues in 2025 , with $ 75,000 already raised and two affiliates meeting their Fund Our Future goals . To check on your affiliate ’ s progress , please click here . Special thanks to the Indiana Apartment Association and Upper State Apartment Association for hosting early Reverse Trade Shows and helping us charge out of the gates .
Get ready for our upcoming Advocate Sweepstakes ! For just $ 25 per ticket ( or five for $ 100 ), you can support critical industry advocacy efforts while potentially winning exciting prizes . Join NAAPAC today and help us ensure that Washington prioritizes the needs of the rental housing industry .
External Affairs : New Year , New HAP Campaigns !
The Delaware Apartment Association ( DAA ) has been granted a $ 50,000 Housing Affordability Program ( HAP ) grant to fight rent control in the state house . House Bill 455 has been deemed a priority in the 2025 session . The HAP grant will create a targeted call-toaction campaign to mobilize voters to contact specific legislators on the Housing Committee . The campaign will include online banner ads , patch through calls , text messages and a website / landing page .
The Washington Multi Family Housing Association ( WMFHA ) has also been approved for HAP funding , to fight yet another rent control bill in the state legislature . WMFHA has successfully defeated statewide rent control for more than a decade ; however , this year changes in the makeup of the legislature make the passage of the bill much more likely . To address this escalating challenge , WMFHA has created a coalition called Build Up Washington . The total campaign budget for Build Up Washington is set at upwards of $ 1M and includes $ 100,000 of HAP funding .
If you have any questions , please contact Rob Johnson at rjohnson @ naahq . org
www . aamdhq . org
The Federal Housing Finance Agency ( FHFA ) has issued a three-month pause on its directive imposing three new federally mandated landlord and tenant requirements on covered multifamily properties financed through Fannie Mae and Freddie Mac ( the Enterprises ). FHFA has instructed the Enterprises to delay implementation until at least May 31 , 2025 . Given the imminent effective date of this directive , February 28 , 2025 , FHFA ’ s announcement is a win for the industry .
This directive would have been applicable to rental properties with new loans through the Enterprises that are signed on or after the effective date , and covered housing providers would be required to provide their residents with a 30-day notice for rent increases ; 30-day notice for lease expirations ; and five-day grace period for late fees .
According to the policy grids issued by Fannie Mae and Freddie Mac , housing providers would have to notify their residents of the new protections and change all residential leases at these communities to include the new standards . National Apartment Association ( NAA ) Click & Lease users can expect to receive a broadcast announcing the retraction of the new FHFA Amendment to Lease Contract that was released on February 12 , 2025 .
In its comment letter to the Agency , NAA and its coalition partners argued that required leasing compliance with this mandate does not serve the public interest . Required changes to millions of leases are unnecessary , given the layers of state and local requirements with which housing providers already comply . These laws and regulations already provide renters with robust protections .
Moreover , NAA strongly urged FHFA to reevaluate this directive through the lens of President Trump ’ s executive orders and memoranda . More time is needed for the Trump Administration to evaluate whether these Biden-era policies align with Presidential priorities .
FHFA continues to pursue a measured and deliberative approach to policymaking which carefully considers stakeholder input , including comments from more than 3,000 NAA members and affiliates who joined NAA ’ s call to action when the Agency considered rent control . NAA will keep the industry abreast of new developments and continue its advocacy with federal policymakers to promote responsible and sustainable solutions to address renter ’ s housing affordability challenges and increase access to quality , affordable housing options . For more information on NAA ’ s advocacy with the Trump Administration , please contact NAA ’ s Public Policy Team .
43 | TRENDS MARCH 2025