The people who occupy the White House and Congress next year will encounter a host of issues critical to the apartment industry, from GSE reform to CMBS regulation. Question is, will they act or merely punt once more?
BY BRAD BERTON
What’s at stake for the apartment industry with the November election soon upon us and the 113th Congress getting to work in January? Given the paucity of even lip service that President Obama and Republican Mitt Romney have paid to the housing crisis along the campaign trail, it’s a pretty tough prognostication. But industry advocates targeting key decision makers in both parties are off ering some insight—ranging from sobering to encouraging.
A variety of issues will face the Congress—should it choose to act on them— among them government-sponsored enterprise (GSE) reform; tax reform, including the low-income housing tax credit (LIHTC); various federal subsidy programs; and several capital-markets regulations, such as those involving commercial mortgage-backed securities (CMBS).
Read more...In the Balance - Apartment Finance Today Online Article - Apartment Finance Today Magazine
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