What the 2022 Federal Spending Package Means for the Multifamily Industry

President Biden signed the federal omnibus legislation into law on March 15 that will allocate funding to various parts of the government. Each time a government spending bill is brought up, NMHC remains highly engaged because its passage – or lack thereof – determines the funding for several key Departments, Agencies and programs critical to our industry.
This year’s spending package includes 12 different bills that set forth $1.5 trillion in discretionary resources. Key highlights for our industry include: