Lawmakers Must Consider Apartment Sector’s Unique Needs as They Weigh Housing Finance Reform Options

WASHINGTON, DC – May 26, 2011 – (RealEstateRama) — A government-supported secondary market is absolutely critical to the apartment industry if it is to continue meeting the nation’s demand for affordable and workforce housing, according to testimony given today by Mark J. Parrell, Executive Vice President and Chief Financial Officer of Equity Residential.Parrell testified today on behalf of the National Multi Housing Council (NMHC) and the National Apartment Association (NAA) before the Senate Banking Committee’s hearing on housing finance reform.