3rd Quarter - Report

NATIONAL MULTIFAMILY HOUSING COUNCIL, INC. for NATIONAL MULTIFAMILY HOUSING COUNCIL INC

Firm
Client
Income
—
Expenses
$1,890,000
Expense method
C: businesses, Internal Revenue Code section 162(e)

What was lobbied

14 issue areas, each in the filer's own words, with who lobbied on it and where.

Insurance INS

Public policies affecting risk management for flood, terrorism, disaster, cyber, business interruption, liability, builders risk, workers compensation, pandemic and the cost and availability of insurance utilized by multifamily firms. Issues pertaining to the rising cost of insurance for multifamily housing providers and its impact on housing affordability. Issues pertaining to pre disaster mitigation and climate resiliency efforts. National Flood Insurance Program policies, guidance, and requirements affecting existing and future multifamily and single-family properties. Reauthorization and reform of the National Flood Insurance Program. U.S. Department of Agriculture, Rural Housing Service, Changes Related to Insurance Requirements in Multi-Family Housing (MFH) Direct Loan and Grant Programs. H.R. 6944, INSURE Act, to require the Secretary of the Treasury to establish a catastrophic property loss reinsurance program, and for other purposes. Draft legislation to prohibit discrimination in insurance coverage for affordable housing, and for other purposes.

LobbyistCovered position, as disclosed
MATTHEW BERGER —
LISA BLACKWELL —
CYNTHIA CHETTI —
KEVIN DONNELLY —
ALEX EVELAND New —
BERNARD FULTON New —

Contacted: Federal Housing Finance Agency (FHFA); Executive Office of the President (EOP); HOUSE OF REPRESENTATIVES; White House Office; Housing & Urban Development, Dept of (HUD); SENATE

Bills named: H.R. 6944 (118th)

Taxation/Internal Revenue Code TAX

TCJA Permanency, Tax Issues in Biden Administrations Fiscal Year 2025 Budget, and Other Proposals Impacting Pass-Through Entities NMHC supports making permanent individual tax rates and the 20 percent qualified business income tax deduction that expire at the end of 2025. S. 1706, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. H.R. 4721, Main Street Tax Certainty Act, to amend the Internal Revenue Code of 1986 to make permanent the deduction for qualified business income, all provisions. H.R. 7024, Tax Relief for American Families and Workers Act of 2024, Title II -- American Innovation and Growth, Section 202: Extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest, Section 203: Extension of 100 percent bonus depreciation, and Section 204: Increase in limitations on expensing of depreciable business assets; Title V -- More Affordable Housing, Section 501: State housing credit allowance ceiling increase for low-income housing credit and Section 502: Tax-exempt bond financing requirement. General Explanations of the Administration's Fiscal Year 2025 Revenue Proposals: Expand and enhance the Low-Income Housing Tax Credit; Apply the net investment income tax to pass-through business income of high-income taxpayers; Increase the net investment income tax rate and additional Medicare tax rate for high-income taxpayers; Increase the top marginal income tax rate for high-income earners; Reform the taxation of capital income (tax capital income for high-income earners at ordinary rates and treat transfers of appreciated property by gift or on death as realization events); Tax carried (profits) interests as ordinary income; Repeal deferral of gain from like-kind exchanges; and Require 100 percent depreciation recapture of depreciation deductions as ordinary income for certain depreciable real property. Senator Wyden Pass-Through Reform Discussion Draft (2021), all provisions. Promotion of partnerships as business entity Estate Tax, Stepped-Up Basis, and Taxation of Unrealized Capital Gains at Death NMHC supports making permanent the Estate Tax rules enacted as part of the Tax Cuts and Jobs Act of 2017 (TCJA). In TCJA, Congress, doubled the estate tax exclusion through 2025 while retaining a top tax rate of 40 percent and stepped-up basis rules. NMHC supports retaining current law providing for stepped-up basis at death and taxation of capital gains upon actual sale. NMHC opposes taxing unrealized gains at death. Carried Interest NMHC believes that carried interest should be treated as a long-term capital gain if the underlying asset is held for at least one year.  Like-Kind Exchanges NMHC supports retaining current law. Depreciation Biden Administration legislative proposal to cap rent increases at 5 percent by denying faster depreciation write offs to available to owners of rental housing. Congress should oppose measures to increase the 25 percent depreciation recapture rate applicable to sales. Low-Income Housing Tax Credit and Middle-Income Housing Tax Credit S. 3436, Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 6686, Workforce Housing Tax Credit Act, to amend the Internal Revenue Code of 1986 to provide a credit for middle-income housing, and for other purposes, all provisions. H.R. 3238, Affordable Housing Credit Improvement Act of 2023, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions, in particular issues relating to increased tax credit authority and tax-exempt bond financing requirements. S. 1557, Affordable Housing Credit Improvement Act of 2023, to amend the Internal Revenue Code of 1986 to reform the low-income housing credit, and for other purposes, all provisions, in particular issues relating to increased tax credit authority and tax-exempt bond financing requirements. NMHC supports an increase in the private-activity bond volume cap to enhance the use of 4 percent Low-Income Housing Tax Credits. Law that Low Income Housing Tax Credits are not available for the acquisition of properties placed in service during the last ten years ("Ten-Year Rule"): Considered proposals to: (1) Repeal the "Ten-Year Rule"; (2) Explicitly Define Substantially assisted, financed and Federally Assisted Building for the Purposes of the Ten-Year Rule ; and (3) Expand the Definition of Federally Assisted Building to include properties financed with LIHTCs in conjunction with financing from Fannie Mae or Freddie Mac. Adaptive Reuse H.R. 9002, Revitalizing Downtowns and Main Streets Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing, all provisions. S. 4693, Revitalizing Downtowns and Main Streets Act, to amend the Internal Revenue Code of 1986 to provide an investment credit for converting non-residential buildings to affordable housing, all provisions. Opportunity Zones NMHC supports: Enabling States to recertify and/or redesignate Opportunity Zones to account for current economic realities and changes since Zones were originally designated; (2) Establishing new deferral deadlines so that taxpayers are incentivized to receive both a longer deferral period and the potential for a 10 percent or 15 percent basis increase with respected to reinvested capital gains; and (3) Reducing the basis increase necessary to qualify a multifamily rehabilitation project for Opportunity Zone purposes. H.R. 5761, Opportunity Zones Transparency, Extension, and Improvement Act, to amend the Internal Revenue Code of 1986 to modify the rules relating to qualified opportunity zones, and for other purposes, all provisions. H.R. 9203, Economic Opportunity for Distressed Communities Act, to amend the Internal Revenue Code of 1986 to establish special rules for capital gains invested in brownfield and superfund sites, all provisions.

LobbyistCovered position, as disclosed
MATTHEW BERGER —
LISA BLACKWELL —
CYNTHIA CHETTI —
PAULA CINO —
KEVIN DONNELLY —
ALEX EVELAND New —
BERNARD FULTON New —

Contacted: HOUSE OF REPRESENTATIVES; Federal Housing Finance Agency (FHFA); SENATE; Housing & Urban Development, Dept of (HUD); Treasury, Dept of; Commerce, Dept of (DOC); Executive Office of the President (EOP); White House Office

Bills named: H.R. 6686 (118th), H.R. 3238 (118th), H.R. 9002 (118th), H.R. 5761 (118th), H.R. 7024 (118th), S. 4693 (118th), H.R. 9203 (118th), S. 1557 (118th), S. 3436 (118th), S. 1706 (118th), H.R. 4721 (118th)

Housing HOU

Administration: Blueprint for a Renters Bill of Rights and a Resident-Centered Housing Challenge. Administration Two-part plan. Part One: protect renters and promote rental affordability. Part Two: federal actions to pursue a Renters Bill of Rights. In addition, Administration White House Fact Sheets on Biden-Harris Administration Announces New Actions to Boost Housing Supply and Lower Housing Costs, "The Price Isnt Right: How Junk Fees Cost Consumers and Undermine Competition, and President Biden Announces New Actions to Lower Costs for Americans by Fighting Corporate Rip-Offs, Administration rent caps/ rent control proposals and changes to annual income determination changes for Low-Income Housing Tax Credit (LIHTC) communities. Biden Administration proposal to cap rent nationwide. House Financial Services Committee, Subcommittee on Housing and Insurance Housing Solutions: Cutting Through Government Red Tape testimony Policies affecting apartment operations and management, specifically consumer reporting, resident screening (financial, criminal, resident history), consumer debt collection and eviction. H.R. 4606 and S. 32, Choice in Affordable Housing Act of 2023, all provisions. H.R. 3507 and S. 1688, Yes In My Backyard Act, all provisions. H.R. 802 and S. 3755, Respect State Housing Laws Act, all provisions. H.R. 5533, Healthy Homes Act of 2023, all provisions. S.3216 - Build More Housing Near Transit Act of 2023 S.3684/H.R. 7132 - Housing Supply and Affordability Act Draft legislation to amend the United States Housing Act of 1937 to promote the establishment of tenant organizations and provide additional amounts for tenant organizations, and for other purposes. S.4460/H.R. 8604 - Reducing Regulatory Barriers to Housing Act - A bill to reduce regulatory barriers to housing, and for other purposes S.4146 - Neighborhood Revitalization and Land Banking Act of 2024 provisions S. 5027, ROAD to Housing Act, Renewing Opportunity in the American Dream to Housing Act H.R.1605 - Natural Disaster Recovery Program Act of 2023 Draft legislation establishing a national rental property registry. Draft legislation First Generation College Affordability Success Act, all provisions. Draft legislation to assist in streamlining the process for households to identify appropriate available rental dwelling units, and for other purposes Housing Opportunity Through Modernization Act of 2016 (HOTMA) Implementation Department of Housing and Urban Development, FR-6436-N-01-Changes to the Methodology Used for Calculating Section 8 Income Limits Under the United States Housing Act of 1937, HUD-2024-0003. Department of Housing and Urban Development, Notice PDR-2024-02, Transmittal of Fiscal Year (FY) 2024 Income Limits for the Public Housing and Section 8 Programs. Department of Housing and Urban Development, HUD Proposed Rule on Reducing Barriers to HUD Assisted Housing - Docket No. FR-6362-P-1 (the Proposed Rule). Department of Housing and Urban Development. FR-6387-P-01 30-Day Notification Requirement Prior to Termination of Lease for Nonpayment of Rent. Department of Housing and Urban Development, HOME Investment Partnerships Program: Program Updates and Streamlining proposed rule - Docket No. FR-6144-P-01 Department of Housing and Urban Development Docket No. FR-6466-N-01 Request for Information; Direct Rental Assistance Improvements to Department of Transportation Infrastructure Finance and Innovation Act (TIFIA) loan program to encourage transit-oriented multifamily development. Fees in rental housing. Fair Housing Act (Disparate Impact Rule, Screening, Criminal History Policy and Reporting) S.1293 - Fair Housing for Survivors Act of 2023 H.R.2918 - Fair Housing for Survivors Act of 2023 Eviction Crisis Act - Unintroduced Draft Draft Proposals: Rent Control, Rent Stabilization Government Funding Proposals Request for Extension of Build America, Buy America Act Public Interest Phased Implementation Waiver for HOME Investment Partnerships Program U.S. Department of Housing and Urban Development (HUD) FY 2024 and 2025 DOT, USDA Rural Housing and HUD Appropriations funding levels and specific programs that include: Community Development Block Grants (CDBG); HOME Project-Based Voucher Programs Section 8 Source of Income Section 8 Voucher Program Fair Market Rent (FMRs) and Small Area Fair Market Rents (SAFMR) Rental Assistance Demonstration Program (RAD) Davis Bacon and Related Acts Violence Against Women Act 2022 (VAWA) PRO Housing Grant Program Homelessness Programs Rural Rental Assistance (RA) Implementation of the Violence Against Women Reauthorization Act of 2013 and 2022 Opposition to rent control Regulatory burden making it more costly to develop and operate multifamily housing Draft policy proposal for appropriation to Department of Housing and Urban Development for Federal subsidy for state and local multifamily property tax abatement programs S. 5078, The Homes Act of 2024, to establish an independent entity within the Department of Housing and Urban Development to acquire and maintain distressed real estate to stabilize communities and increase the supply of affordable housing, and for other purposes, all provisions. H.R. 9662 / S. 5078, The Homes Act of 2024, to establish an independent entity within the Department of Housing and Urban Development to acquire and maintain distressed real estate to stabilize communities and increase the supply of affordable housing, and for other purposes, all provisions. Issues pertaining to housing affordability FHFA RFI on multifamily tenant protections Proposals for rental assistance for emergencies Administration Proposal: Housing Supply Action Plan The Transportation, Housing and Urban Development and Related Agencies, 2025 funding Develop propose HUD competitive grant to state/local government to incentivize tax incentives for housing development.

LobbyistCovered position, as disclosed
MATTHEW BERGER —
LISA BLACKWELL —
DAVID BORSOS —
CYNTHIA CHETTI —
PAULA CINO —
KEVIN DONNELLY —
ALEX EVELAND New —
BERNARD FULTON New —

Contacted: HOUSE OF REPRESENTATIVES; Agriculture, Dept of (USDA); Executive Office of the President (EOP); SENATE; White House Office; Housing & Urban Development, Dept of (HUD); Federal Housing Finance Agency (FHFA)

Bills named: S. 5078 (118th), S. 4460 (118th), S. 1293 (118th), H.R. 4606 (118th), S. 3684 (118th), H.R. 8604 (118th), S. 32 (118th), H.R. 1605 (118th), H.R. 802 (118th), H.R. 5533 (118th), S. 3216 (118th), S. 5027 (118th), S. 3755 (118th), S. 4146 (118th), H.R. 7132 (118th), H.R. 9662 (118th), H.R. 3507 (118th), S. 1688 (118th), H.R. 2918 (118th)

Labor Issues/Antitrust/Workplace LBR

H.R. 2700 and S. 1201, Employee Rights Act, to reform the labor laws of the United States, and for other purposes, all provisions. H.R. 2826 and S.1261, Save Local Business Act, to clarify the treatment of 2 or more employers as joint employers under the National Labor Relations Act and the Fair Labor Standards Act of 1938, all provisions. H.R. 5513 and S. 3018, to amend the Fair Labor Standards Act of 1938 and the National Labor Relations Act to clarify the standard for determining whether an individual is an employee, and for other purposes, all provisions. H.J.Res. 98 and S.J Res 49, Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the National Labor Relations Board relating to "Standard for Determining Joint Employer Status," all provisions. Department of Labor, Wage and Hour Division, 29 CFR Part 541, RIN 1235-AA39, Notice of Proposed Rulemaking, Defining and Delimiting the Exemptions for Executive, Administrative, Professional, Outside Sales, and Computer Employees. Depart of Labor, Wage and Hour Division, 29 CFR Parts 1, 3, and 5, RIN 1235-AA40, Final Rule, Updating the Davis-Bacon and Related Acts Regulations.

LobbyistCovered position, as disclosed
CYNTHIA CHETTI —
ALEX EVELAND New —

Contacted: HOUSE OF REPRESENTATIVES; Housing & Urban Development, Dept of (HUD); Executive Office of the President (EOP); SENATE; White House Office

Bills named: S. 1261 (118th), S.J.Res. 49 (118th), H.J.Res. 98 (118th), H.R. 2700 (118th), S. 1201 (118th), H.R. 5513 (118th), H.R. 2826 (118th), S. 3018 (118th)

Financial Institutions/Investments/Securities FIN

Federal Housing Finance Administration (FHFA) , U.S. SENATE, U.S. HOUSE OF REPRESENTATIVES, U.S. Depart of Housing and Urban Development Implementation of Corporate Transparency Act and beneficial ownership H.R. 9278, to amend section 5336 of title 31, United States Code, to provide existing small businesses with an additional year to file beneficial ownership information, and for other purposes, all provisions. S. Amdt. 2169 to S. 4638, National Defense Authorization Act for Fiscal Year 2025, Beneficial Ownership Information Reporting Deadlines for Small Businesses. S. Amdt. 2831 to S. 4638, National Defense Authorization Act for Fiscal Year 2025, Beneficial Ownership Information Reporting. Request that Department of Housing and Urban Development revert Federal Housing Administration multifamily insured loan provisions pertaining to loan to cost and debt service coverage ratio thresholds to their January 2010 standards. GSE multifamily loan improvements that would allow loan take outs at certificate of occupancy Comment RE: Request for Input: Federal Home Loan Bank Core Mission Activities and Mission Achievement

LobbyistCovered position, as disclosed
MATTHEW BERGER —
LISA BLACKWELL —
DAVID BORSOS —
CYNTHIA CHETTI —
KEVIN DONNELLY —
ALEX EVELAND —
BERNARD FULTON New —

Contacted: Federal Housing Finance Agency (FHFA); SENATE; Housing & Urban Development, Dept of (HUD); HOUSE OF REPRESENTATIVES

Bills named: H.R. 9278 (118th), S. 4638 (118th)

Homeland Security HOM

Federal policies affecting data security, breach notification, privacy policies and artificial intelligence affecting owners, developers, managers and suppliers of the multifamily industry. Public policies affecting risk management for flood, terrorism, disaster, cyber pandemic, and other areas of risk faced by multifamily firms. American Privacy Rights Act (APRA) Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA) Reporting Requirements Rulemaking: Docket Number CISA-2022-0010

LobbyistCovered position, as disclosed
LISA BLACKWELL —
CYNTHIA CHETTI —
PAULA CINO —
KEVIN DONNELLY —
ALEX EVELAND —

Contacted: HOUSE OF REPRESENTATIVES; SENATE

Telecommunications TEC

Broadband deployment, maintenance, access, affordability and adoption issues at multifamily communities. Federal policies impacting availability, affordability and reliability of voice, video and data services to multifamily housing communities, including but not limited to inside wiring, broadband and cellular services. Issues surrounding the risks and opportunities posed by artificial intelligence and other emerging technologies on rental housing financing, development and property operations. Federal policies affecting usage of data, artificial intelligence, algorithms and other emerging technologies used in real estate operations, development or finance. Issues related to Broadband Equity, Access and Deployment (BEAD) Program Extension and funding of the Affordable Connectivity Program (ACP) Federal Communications Commission, forthcoming Notice of Proposed Rulemaking to restrict bulk billing arrangements for broadband, cable, and satellite communications services. Federal Communications Commission, 47 CFR Parts 0, 1, and 16, The Infrastructure Investment and Jobs Act: Prevention and Elimination of Digital Discrimination, Final Rule. H.R.6929/S.3565 - Affordable Connectivity Program Extension Act of 2024 S.3692/HR 8622 - Preventing the Algorithmic Facilitation of Rental Housing Cartels Act of 2024 S.3686 - Preventing Algorithmic Collusion Act of 2024 Fiscal Year 2025 Financial Services and General Government Appropriations, Request for The Federal Communications Commission (FCC)

LobbyistCovered position, as disclosed
MATTHEW BERGER —
CYNTHIA CHETTI —
PAULA CINO —
KEVIN DONNELLY —
ALEX EVELAND —

Contacted: Federal Communications Commission (FCC); White House Office; Executive Office of the President (EOP); SENATE; HOUSE OF REPRESENTATIVES; Housing & Urban Development, Dept of (HUD)

Bills named: S. 3565 (118th), S. 3686 (118th), H.R. 8622 (118th), S. 3692 (118th), H.R. 6929 (118th)

Copyright/Patent/Trademark CPT

Federal policies on patent enforcement and litigation impacting the multifamily industry. Federal policies surrounding music and audiovisual copyright law and licensing.

LobbyistCovered position, as disclosed
CYNTHIA CHETTI —
KEVIN DONNELLY —

Contacted: HOUSE OF REPRESENTATIVES; SENATE

Postal POS

Federal policies affecting mail and parcel delivery service to multifamily housing communities.

LobbyistCovered position, as disclosed
CYNTHIA CHETTI —
KEVIN DONNELLY —

Contacted: SENATE; HOUSE OF REPRESENTATIVES

Immigration IMM

Issues related to immigration reform and other related proposals that affect the multifamily housing industry. Reforms to the Department of Labor (DOL) H-2B Program and other foreign worker visa programs. S. 2705, the State Executive Authority for Seasonal Occupations Needing Additional Labor (SEASONAL) Act (all provisions) Draft legislation, the Seasonal Employer Protection Act of 2023, to amend the Immigration and Nationality Act to improve the H-2B temporary nonagricultural worker program, and for other purposes, all provisions.

LobbyistCovered position, as disclosed
CYNTHIA CHETTI —
ALEX EVELAND New —

Contacted: SENATE; HOUSE OF REPRESENTATIVES

Bills named: S. 2705 (118th)

Defense DEF

National Defense Authorization Act (NDAA) for Fiscal Year 2025 (Personnel, Housing, Quality of Life Proposals) Military Housing Privatization Initiative / Basic Allowance for Housing

LobbyistCovered position, as disclosed
CYNTHIA CHETTI —
PAULA CINO —

Contacted: HOUSE OF REPRESENTATIVES; SENATE

Clean Air and Water (quality) CAW

Waters of the U.S. Rule (WOTUS)-Issues related to New Rule Promulgation and Implementation

LobbyistCovered position, as disclosed
CYNTHIA CHETTI —
PAULA CINO —

Contacted: Environmental Protection Agency (EPA); SENATE; HOUSE OF REPRESENTATIVES

Energy/Nuclear ENG

Building Codes / Building Performance Standards Appliance and Equipment Efficiency Standards Electrification / Fuel Switching Climate Change / Sustainability Green Building Impacts on Housing Affordability Electric Vehicle Charging Initiatives

LobbyistCovered position, as disclosed
CYNTHIA CHETTI —
PAULA CINO —
KEVIN DONNELLY —

Contacted: HOUSE OF REPRESENTATIVES; Energy, Dept of; Housing & Urban Development, Dept of (HUD); Environmental Protection Agency (EPA); SENATE

Environment/Superfund ENV

Building Codes / Resiliency Climate Change Building Health and Performance Requirements (Indoor Air Quality; HVAC) EPA Refrigerant Transition Issues

LobbyistCovered position, as disclosed
CYNTHIA CHETTI —
PAULA CINO —
KEVIN DONNELLY —

Contacted: Environmental Protection Agency (EPA); Housing & Urban Development, Dept of (HUD); SENATE; HOUSE OF REPRESENTATIVES

Shown as published by the Senate Office of Public Records and the House Clerk under the Lobbying Disclosure Act. The official filing is the record; open it for the full form.