Bipartisan caucus proposes federal policy blueprint to speed up housing construction

Members of the bipartisan Build America Caucus have outlined a new federal housing agenda intended to lower construction costs and streamline development, HousingWire reported. The 40-member caucus detailed its proposal in a 95-page document aimed at building on the momentum of the recently enacted 21st Century ROAD to Housing Act. [1]

According to HousingWire, the proposals focus on creating by-right building zones, offering transit-linked incentives, and encouraging the reuse of federal property. The blueprint also targets material costs and building code inefficiencies to reduce overall development expenses. [1]

HousingWire also reported that the framework includes plans to expand federal financing mechanisms. The suggested measures incorporate reforms to modernize Federal Housing Administration programs and introduce dedicated financing options for accessory dwelling units. [1]

Industry leaders and lawmakers are using the proposal as preliminary groundwork for follow-up legislation dubbed the ROAD 2.0 bill, HousingWire reported. The legislation passed roughly three months after the original 21st Century ROAD to Housing Act was signed into law. [1]