DOUG BIBBY
President, National Multi Housing Council
Years in the Industry: 26
Since moving from Fannie Mae to the helm of one the industry’s leading trade associations, the National Multi Housing Council, in 2001, Doug Bibby has made a huge impact on the rental industry. Upon arrival in 2001, he announced his intention to become a “strategic business partner for its members.” And throughout the past decade, he’s accomplished just that, despite dozens of problems over the years (including an outbreak of mold hysteria; the labor market tightening; and insurance costs skyrocketing). Today, the association also wields its clout on Capitol Hill. The NMHC began the decade fighting a number of legislative initiatives that could hurt the rental market, while becoming a strong proponent for the industry during the for-sale housing boom.
Since the credit meltdown, the NMHC is stepping up its intensity. Among the accomplishments: retaining a federal liquidity backstop with Fannie Mae and Freddie Mac for the apartment sector; securing a federal liquidity backstop for the CMBS market; securing federal guidance easing apartment loan workouts; securing Treasury rules ease restructuring of CMBS loans; securing an FHA waiver making permanent financing more available for apartment firms; and bolstering the bewildered low-income housing tax credit program.
