Apartment Industry & Its Residents Contribute $3.4 Trillion to the National EconomyA new Hoyt Advisory Study commissioned by the National Apartment Association (NAA) and National Multifamily Housing Council (NMHC) reveals that the apartment/multifamily industry and its residents annually contribute more than $3.4 trillion to the national economy. The new report, available at WeAreApartments.org, provides a detailed breakout of the economic impact nationally, by state, and in 50 metro areas. New data show how different aspects of the apartment industry positively impact national, state, and local economies. Resident spending contributes $3.0 trillion to the U.S. economy, while operations add $175.2 billion. New construction contributes $150.1 billion and renovation and repair add $68.8 billion.
Find out what apartments contribute to the National, State, and local level by viewing this newly published report. For direct access to the Nashville MSA Data, follow this link (includes Nashville-Davidson-Murfreesboro-Franklin): https://weareapartments.org/data/Nashville
Nashville apartments and their residents contribute $18.3B to the metro economy annually, supporting 86.3K jobs.
Track the Policies Impacting the Industry
As the voice of the apartment industry, NAA is monitoring legislation and regulation around the country, whether the issue is federal, state, or local. Follow along in real time on our new interactive tracker!
Advocacy365 Action Center
Join and participate in NAA’s growing national grassroots network to ensure your voice is heard on the Federal and state levels!
The Tennessee Apartment Association’s mission is to serve and promote the Tennessee rental housing industry through advocacy, collaboration and communication. Visit our website to see how you can become active on state level committees and participate in lobbying efforts.
GNAA Lobbyist - Catie Lane Bailey
Catie Lane Bailey has earned a reputation as one of the best young government relations attorneys in Tennessee. A registered lobbyist, Catie represents and advises clients on legislative and public policy matters before the Tennessee General Assembly, local governments, and various state and local agencies. She understands the legislative process from start to finish and has effective working relationships throughout the Tennessee statehouse and the executive branches of state and local government. Catie is the go-to lobbyist for the multifamily housing industry in Tennessee. She monitors and tracks proposed state legislation and regulations of interest, and she reviews proposed amendments to identified bills that could impact clients. Her successful track record of promoting, opposing, or amending specific legislation and administrative rule-making proceedings is built on long-standing bipartisan relationships with lawmakers and their staffs on both sides of the political aisle.
The partners listed below offer additional information and resources that you will find helpful in researching and executing your property management tasks.
Based in Washington, DC, NMHC is a national association representing the interests of the larger and most prominent apartment firms in the U.S. NMHC's members are the principal officers of firms engaged in all aspects of the apartment industry, including ownership, development, management, and financing. Nearly one-third of American households rent, and over 14 percent of households live in a rental apartment (buildings with five or more units).
With its joint legislative partner, the National Apartment Association, NMHC serves as the apartment industry’s primary advocate on legislative and regulatory matters. The Council also conducts apartment-related research, produces strategic information on business-related issues, and promotes the desirability of apartment living.
For more information on NMHC, please visit their website.
Nashville Metropolitan Planning Commission
The Metropolitan Planning Commission is required to adopt a general plan for the physical development of Nashville and Davidson County. The MPC is charged with approving, approving with conditions, or disapproving subdivision requests. The Commission receives a recommendation from its staff, holds a public hearing and then makes a decision. The Planning Commission operates in an advisory role to the Metropolitan Council on zoning change requests. Other duties include recommending changes, as needed, to the text of the zoning ordinance and subdivision regulations, preparing the Capital Improvements Budget, and employing an Executive Director to direct the Metro Planning Department staff and carry out the work program of the Planning Commission.
For more information on the Commission, please visit their website.
Find out what apartments contribute to the National, State and local level by viewing this newly published report.
For direct access to the Nashville MSA Data, follow this link (includes Nashville-Davidson-Murfreesboro-Franklin)
Nashville Area Metropolitan Planning Organization
The Nashville Area Metropolitan Planning Organization (MPO) facilitates strategic planning for the region's multi-modal transportation system by serving as a forum for collaboration among local communities and state leaders. The vision of the MPO is to develop policies and programs that direct public funds to transportation projects that increase access to opportunity and prosperity, while promoting the health and wellness of Middle Tennesseans and the environment.
For more information on the Commission, please visit their website.
Nashville Civic Design Center
Founded in 2000, the Nashville Civic Design Center (NCDC) is a nonprofit organization whose mission is to elevate the quality of Nashville's built environment and to promote public participation in the creation of a more beautiful and functional city for all.
Towards this end, the NCDC:
- Promotes the Ten Principles of The Plan of Nashville.
- Educates the public about civic design through: lectures by prominent speakers; presentations on the history and practice of urban design; and continuing education opportunities for design and development professionals
- Provides professional staff and highly qualified design interns to consult on civic and other community development projects.
- Facilitates public dialogue about civic design and its impact in Nashville.
- Researches and publishes reports on various civic
Around the world, communities face pressing health challenges related to the built environment. For many years, ULI and its members have been active players in discussions and projects that make the link between human health and development; we know that health is a core component of thriving communities.
The ULI Building Healthy Places Initiative will build on that work with a multifaceted program—including research and publications, convenings, and advisory activities—to leverage the power of the Institute’s global networks to shape projects and places in ways that improve the health of people and communities.
For more information, please visit their website.
Become a Partner
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Become a Member and Stay Informed.
Joining the Greater Nashville Apartment Association (GNAA) is just good business! We help the industry through education and information. Stay in the know by joining our association today.
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