News / Article

Housing Industry Panicking About Tax Reform

Source: forbes.com - May 22, 2017

The National Apartment Association and the National Multifamily Housing Council are concerned that looming tax reform might have a bad impact on the rental housing industry. So they have initiated a grassroots program to raise the alarm. The flagship of the program is a website for the initiative - Protect The Lease. Launching with a website and press releases from two 501(c)(6) trade associations that each gross over $20 million seems a little more astroturf than grassroots, but maybe that is just me. They were very kind to let me have a sneak peek at the website, so maybe I should be a little nicer.

The website tells us that multifamily housing is a very big industry that a lot of people work in. And it provides apartments, which is where a lot of people, you know, live. The way they correlate all this with tax reform is a little indirect. Frankly I think the logic is a bit disingenuous in most cases, but here is how it works. There are six impacts that Protect The Lease is concerned with and you need to drill down through each impact to find the tax principle that is, in their view, related.

Category: General Business