January 2022 | The monthly e-newsletter of the Florida Apartment Association
What's New in FAA
The Florida Apartment Association has awarded the 2022 Nan Cavarretta Scholarship to Andy Bermudez and Melody Register, to enable them to participate in the FAA Leadership Lyceum program. The scholarship covers registration fees and travel expenses for the Leadership Lyceum, which is designed to educate and cultivate future leaders in local, state, and national apartment associations. Read more.
The National Apartment Association's annual education conference, Apartmentalize, will take place June 22-24 in San Diego. Save $100 off the early bird member rate by purchasing your registration through the FAA. More than 11,000 rental housing professionals, 550+ exhibitors, and 150+ speakers will gather to discuss solutions and explore trends within the multifamily industry. Learn more and register now.
FAA's HR&A Study: Tax Discounts are a Critical Tool for Solving Florida's Affordable Housing Crisis
A study commissioned by the Florida Apartment Association finds property tax discounts will increase affordable housing stock and spur economic growth across Florida.

The FAA study finds a 25% tax discount for participating housing providers in the Miami area, for example, could enable an average of 1,250 affordable apartments per year for residents earning up to 60% of the area median household income, roughly $48,840. As a result, the Miami area would see approximately 424 new jobs, $20 million in increased earnings, and $52 million in increased economic activity annually.

The FAA study provides additional evidence in support of state legislation to authorize these types of local tax discounts. For more information, read a press release here, read the study here, or visit housingopportunityforall.com

Learn more about the legislation here.
The Florida Apartment Association said fewer vacant apartments in Jacksonville than in the past and limited supply is driving up prices. And while new apartments have gone up around the city, construction isn’t keeping pace with demand.

Read more from the article on News4Jax.
Occupancy rates are at record highs in Northeast Florida, according to Amanda White, government affairs director for the Florida Apartment Association.

White also said that building apartments isn't easy because land zoned for multifamily use is in short supply.

Read more from the article in the Jax Daily Record.
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From NAA
Among the litany of challenges facing many industries in the wake of the COVID-19 pandemic, perhaps foremost is that of the difficulty organizations are experiencing recruiting and retaining talent.

Read more from Units.
This year’s NAA Excellence Awards not only recognizes excellence and leadership in the rental housing industry, but is also back at Apartmentalize in San Diego with new categories, including DEI Champion Award, Supplier Company of the Year, and the Corporate Social Responsibility Award. Applications are now open through February 11.
Supplier Updates
Deadline to Commit to a Medal Level Sponsorship Quickly Approaching
Grow your presence at the FAA Annual Conference & Trade Show as a medal-level sponsor and watch your customer base bloom. Commit before deadline of Friday, February 4.

The next FAA Florida Suppliers Council meeting will be on Monday, January 31, 4-6 p.m., in the Florida Rooms (located on the second floor) at the DoubleTree by Hilton Tallahassee (101 South Adams St., Tallahassee, FL 32301). View the meeting agenda.
FAA offers opportunities to reach prospects at events throughout the year, including a new advertising opportunity now available on the supplier directory. Learn more.
Upcoming Events
FAA is a federation of 9 local affiliates, representing more than 880,000 apartment homes in Florida. All community, management company, and supplier members in good standing of a local affiliate are automatically members of FAA and NAA.

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