What is the National Apartment Association?

The National Apartment Association is the trade association for the rental housing industry. They are eager to educate and collaborate with rental housing related businesses. Based on information from their website, they support and represent 141 affiliates, 95,000 individual members and approximately 11.6 million multifamily properties. 

NAA’s primary goal is to offer benefits, networking opportunities, and educational courses to its members. 

In addition, the National Apartment Association also sponsors research and advocacy efforts in the apartment industry. For example, in 2013, NAA, in conjunction with the National Multifamily Housing Council (NMHC), released a study indicating that the housing industry supports more than 25 million jobs nationwide while contributing more than $1 trillion to the U.S. economy. 

To qualify for a real estate loan from NAA, borrowers must have a good credit history and between 25-30% of the total loan amount as a down payment?

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Who can join the NAA?

NAA welcomes a wide range of individuals and entities in the rental housing industry, including apartment owners and operators, property managers and management companies, housing developers and investors, and multifamily housing-related service providers. Both companies and individuals can apply. 

Membership criteria vary, but there are many benefits to joining. 

What are the benefits of joining?

NAA exists to support its members and to promote the rental housing industry. They want to encourage and train multi-family professionals as they grow in their careers. They also want to unite the industry nationally to create a larger community and accomplish more as a team. 

What are the policy goals of the National Apartment Association?

The National Apartment Association shares most of its current policy goals with the National Multifamily Housing Council (NMHC), as they regularly collaborate to set policy goals for the industry. NAA advocates for these issues through NAAPAC (National Apartment Association Political Action Committee, a bipartisan political action committee). Donations from members are not tax deductible. 

Current major NAA and NAAPAC issues include:

• COVID-19 Tenant Assistance: Providing robust federal assistance to support tenants financially impacted during the COVID-19 pandemic and related economic crisis. 
• Federal Eviction Moratoriums: Immediately end the enforcement of federal eviction moratoriums, which create a tremendous financial burden on apartment owners and operators. 
• Fannie Mae and Freddie Mac: Maintain and expand the availability of capital from GSEES, Fannie Mae and Freddie Mac to ensure adequate liquidity in the multifamily housing market. 
• Liability for COVID-19: Implement COVID-19 protections for multifamily housing operators who may face frivolous lawsuits. 
• Section 8: Expand and improve the Section 8 housing voucher program to make it available to more residents and housing operators. 
• Tenant screening: Ensuring that apartment operators are allowed to reasonably screen their tenants to prevent unnecessary risks.