What Is NAAPAC?
If you are in housing, you are in politics. From fair housing to flood insurance, energy to the environment, the 535 members of the US Senate and House of Representatives play a huge role in shaping the policy and economic climate for the apartment housing industry.
It takes not only the collective power of the NAA, but also the work of individuals at the grassroots level to make sure we, as an industry, are at the table and not “on the menu” when important policy decisions are made.
NAAPAC is the bi-partisan political action committee that supports Congressional candidates who represent good government and understand the needs and concerns of the apartment housing industry.
NAA is prohibited from using general account funds such as membership dues or other revenue to contribute to federal elections. That means NAAPAC, by pooling the individual contributions of NAA and affiliate members, is the only vehicle through which NAA and its members may participate in the political process. NAAPAC may only accept personal contributions from members of the NAA and its affiliates.
Any funds collected are disbursed directly to the campaign of a candidate or incumbent member of Congress. This “hard money” donation is heavily regulated and monitored by the Federal Election Commission (FEC).
How is GCNKAA contributing?
Every NAA Affiliate has a voluntary NAAPAC Fund Our Future Goal that is based on a formula approved by the NAAPAC Board of Trustees. This formula is $2 a member + $0.05 a unit with minimums and maximums updated by the NAAPAC Trustees.
Once an affiliate has reached its Fund Our Future goal, all contributions received over the goal will be distributed in the following manner:
- 75% may be directed by the local affiliate to federal candidates
- 25% will be directed by NAAPAC
- An affiliate that has earned “share” can direct those moneys in the calendar year in which they are earned, and any amount over $1,000 carries over to the following year.
