A historic provision to help overcome NIMBY-opposition to new housing development was a highlight within Congress' $1.7 trillion bill to fund the federal government for the fiscal year ending Sept. 30, 2023.
Even better, it does not include several provisions objected to by National Multifamily Housing Council (NMHC) and National Apartment Association.
The annual federal spending bill funds several federal departments, agencies and programs that directly impact the multifamily industry, including HUD's multifamily program, Section 8 and more.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content
