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What is the National Multifamily Housing Council (NMHC)?
The NMHC is an active public policy group that donates to candidates that support the multifamily housing industry while advocating for a variety of policies, including the expansion of the affordable housing supply in the U.S.
What Is the NMHC?
National Multifamily Housing Council (NMHC) is a nonprofit organization that advocates for certain policies and standards in the apartment industry. By gaining certification and paying a yearly due, you can join the ranks of this organization.
While both individuals and entire organizations can be initiated in the NMHC, the value of this membership hinges on differing benefits that come with the membership. This article will describe the basics of National Multifamily Housing Council membership, certification, and the purpose behind this non-profit entity.
What the NMHC Stands For
This group is known for standing for certain principles that they lobby for by building a community of similarly minded individuals who push for reforms in the industry. But what are these principles?
Housing affordability is the number one concern of the NMHC, and much of their efforts focus on trying to change or eliminate policies that decrease the availability of affordable housing for Americans by lobbying Congress.
- The major policies that NMHC strives to repeal are rent control initiatives. While these are supposed to keep the cost of housing lower by forcing landowners to keep their prices down, often they create more shortages and encourage property owners to not maintain their buildings.
Updating Section 8 is also a major cause that NMHC takes up. They believe by getting this program streamlined, it will be easier for existing rental property owners to also participate in this system which will increase the availability of affordable housing.
By working to update the fair housing standards, NMHC would make these federal policies include modern equality concerns like emotional support animals and home occupancy policies.
The NMHC also wants to prompt the federal government to encourage construction and development on the local level, which would help create more affordable multifamily housing for Americans in areas of the country where little of it is available.
What are the benefits of joining the NMHC?
- The benefits of joining the NMHC include access to exclusive forums and free consultations with NMHC staff, access to NMHC’s extensive library of resources, access to exclusive industry events, and the ability to sponsor NMHC events and represent the organization in front of Congress and other government organizations.
What is the cost of joining the NMHC?
- The cost of joining the NMHC depends on the level of membership. The Advisory Committee level has an annual due of $5,000, the Board of Directors level has an annual due of $15,000, and the Executive Committee level has an annual due of $20,000.
What is the purpose of the National Multifamily Housing Council?
The National Multifamily Housing Council (NMHC) is a non-profit that functions as a trade and advocacy group for the apartment industry. As an active public policy group, the NMHC donates to and supports candidates that pledge support for the apartment housing industry, while also advocating for a plethora of policies, such as those that will help improve America’s supply of affordable housing. The NMHC also conducts research on important industry issues and trends, helping those within (and outside of) the multifamily industry make sense of market trends, sales figures, and debt and equity financing for apartment property acquisitions and development projects.
The purpose of the National Multifamily Housing Council is to advocate for certain policies and standards in the apartment industry, donate to and support candidates that pledge support for the apartment housing industry, and conduct research on important industry issues and trends. Sources: https://www.nmhc.org/ and https://www.multifamily.loans/apartment-finance-blog/what-is-the-national-multifamily-housing-council-nmhc
What services does the National Multifamily Housing Council provide?
The National Multifamily Housing Council (NMHC) provides a variety of services to its members, including advocacy for the apartment industry, research on important industry issues and trends, and networking opportunities. NMHC members have access to three annual meetings, a full membership directory, and a variety of educational resources. The NMHC also has 15 open committees available for members to join, such as the Innovation Committee, the PAC Committee, the Research Committee, and the Workforce Housing Committee.
How does the National Multifamily Housing Council help the multifamily housing industry?
The National Multifamily Housing Council (NMHC) helps the multifamily housing industry by advocating for policies that will improve the supply of affordable housing, donating to and supporting candidates that pledge support for the apartment housing industry, and conducting research on important industry issues and trends. Additionally, NMHC provides a wide variety of networking opportunities, including three annual meetings, a full membership directory, and a variety of educational resources for members of any background. (https://www.nmhc.org/)
NMHC also provides certification and yearly dues for individuals and organizations to join the ranks of this organization. (https://www.multifamily.loans/apartment-finance-blog/what-is-the-national-multifamily-housing-council-nmhc)
What are the benefits of joining the National Multifamily Housing Council?
The main benefit of joining the National Multifamily Housing Council (NMHC) is gaining access to like-minded individuals and organizations that also align with the NMHC. Additionally, members can work towards the policies they want while gaining access to resources and information that can help them better understand the apartment industry. Other benefits include:
- Networking opportunities with industry leaders
- Access to research and data
- Advocacy and representation on Capitol Hill
- Educational and professional development opportunities
- Discounts on products and services
For more information, please visit the NMHC website.
What are the qualifications for membership in the National Multifamily Housing Council?
The National Multifamily Housing Council (NMHC) is a nonprofit organization that advocates for certain policies and standards in the apartment industry. To become a member, you must meet certain qualifications. These include:
- Be an executive or higher-up in an organization dedicated to supplying the apartment industry
- Pay a yearly membership due of $5,000
- Be initiated into the NMHC
For higher-level memberships, such as Board of Directors or Executive members, you must pay increasingly expensive initiation fees. To learn more about the NMHC, visit this page.
How can I get involved with the National Multifamily Housing Council?
You can get involved with the National Multifamily Housing Council (NMHC) by becoming a member. Membership dues start at $5,000 and can go up to $50,000 for Executive members. You can join one of the 15 open committees available, such as the Innovation Committee, the PAC Committee, the Research Committee, and the Workforce Housing Committee. You can also gain access to a directory of all of the council’s members, which may be helpful for networking purposes. Source 1 and Source 2.
Among these core standards, the NMHC also reaches toward improving the availability of information about sustainable building to all people, whether they are a member or not. This is done by supplying much information on how construction companies can become greener, how they can report this green behavior, and even how multifamily units can cut down on utility consumption.
These are just some of the many things this organization does to promote more affordable and sustainable apartments for Americans.
How to Get a Certification and Join the NMHC
In some ways, it is easy to join the NMHC. That is if you can pay the hefty annual due fees, which range from $5,000 to $20,000. As a highly public and policy-oriented organization, the NMHC holds itself and its members to certain standards and expects those who join to add to the organization's total influence. This is why the certification fees are so high.
If you’re looking to join NMHC, there are three different layers of membership that you can potentially join.
Advisory Committee Level
This is the first entry-level NMHC membership, and the yearly dues for the Advisory Committee level are $5,000.
By getting involved at this level, you get a variety of benefits. For one, you get the price of posting jobs and internships to the NMHC job boards, along with the ability to attend exclusive forums and free consultations with NMHC staff. Along with that, you will also gain the ability to send one mailing to the entire NMHC mailing list. You also get subscribed to exclusive access to all of NMHC’s newsletters.
The major benefits of joining, however, come from the ability to attend yearly events that this organization puts on. Access comprises two free passes to the NMHC’s Annual Meeting, which happens every January. If you need a third ticket, you can also get one for a reduced price of $700. You will also get three passes to attend the September Membership meeting for free, along with access to NMHC’s extensive library of resources.
Board of Directors
Now entering into the second level of membership will run you a yearly due of $15,000, though the first year is considered an introductory year, and the fee is reduced to $10,000.
This tier of membership includes all of the benefits listed under the Advisory Committee membership level. However, it also comes with several additional benefits that are more exclusive.
For starters, you can gain attendance at NMHC’s Spring and Fall Membership Meetings, where you can send three company representatives to participate. In this level of membership, you will also be invited to attend exclusive industry events that will be attended by major industry leaders and government officials. You will also gain a secondary use of the mailing system for the year. On top of that, it also allows you to sponsor NMHC events and to represent the organization in front of Congress and other government organizations.
Executive Committee Membership
The only way to become an Executive Committee member is to be personally invited by the organization. After that, you will need to pay a total of $20,000 for your annual due payment.
As an Executive Committee Membership, you get each of the previously listed benefits, and a few unique opportunities not offered to those who are not on this committee.
First of all, you will see an increase in value on all the previously stated benefits, from an increased number of representatives you can include in your party, and reduced registration fees. You will receive three exclusive peer-to-peer roundtable discussions each year, along with access to a myriad of special events that are generally closed off to the public and non-affiliated organizations.
Let Your Membership to NMHC Open Doors
The main draw of gaining membership to NMHC is finding an active way to support your beliefs in how the apartment industry should function. You get to work towards the policies you want while gaining access to like-minded individuals and organizations that also align with the NMHC.
If you are an executive or a higher-up in an organization dedicated to supplying the apartment industry, the $5,000 membership due may be worth the expense. The higher-level membership initiations, which are increasingly expensive if you seek to belong to the Board of Directors or Executive member, may not be worthwhile investments unless you are interested in trying to influence current policies that affect this market.