As we enter the second month of the Covid-19 lockdown, Matt met with longtime industry colleague and friend Doug Bibby, President of the National Multifamily Housing Council (NMHC), the leading trade association for the apartment industry. In addition to discussing the implications of the national crisis on the multifamily housing, Matt and Doug unwrap the significant evolution of the apartment industry over the past two decades. The conversation with Doug provides prior context of the multifamily housing industry, shares resources and strategies that the industry is implementing during the crisis including NMHC’s Rent Tracker, and the industry’s continued agenda around affordable housing, fighting NIMBYism, rent control, and overall housing supply.
The National Multifamily Housing Council (NMHC) is a national organization of more than 1,400 member firms involved in the nearly $2 trillion multifamily housing industry. Under Doug’s leadership NMHC represents the industry on Capitol Hill and before the regulatory agencies, promotes research and the exchange of information, and advocates for rental housing across a broad spectrum of issues. Prior to joining NMHC, Doug spent 16 years as a senior officer of Fannie Mae, where he served on the company’s Management Committee throughout his tenure. He was part of the top management team that is credited with the remarkable turnaround at Fannie Mae in the book Good to Great.
Doug began his career with the worldwide communications firm J. Walter Thompson where he served a variety of clients both domestically and internationally over his 12-year career with the company. At the time of his departure from J. Walter Thompson, he was Senior Vice President and General Manager of the firm’s Washington, D.C. operations. He has been active in the non-profit community of Washington, D.C. for the past 30 years.
Doug graduated from Denison University with a B.A. degree and was honored with the university’s Alumni Citation Award in 2004. He also holds a Masters of Business Administration degree from the University of Texas at Austin.