Lawmakers Propose Housing Reform Agenda to Lower Costs and Speed Construction
The bipartisan Build America Caucus has unveiled a 95-page agenda proposing federal zoning, financing, and material cost reforms to build homes faster.
FTMQ Real Estate, written by our newsroom0 views
Lawmakers in the bipartisan Build America Caucus have floating new housing policy proposals aimed at making construction faster and cheaper, HousingWire reported. The effort follows the passage of the 21st Century ROAD to Housing Act nearly three months ago. [1][2]
According to HousingWire, the proposals are detailed in a 95-page agenda that outlines reforms targeting zoning, building material costs, and financing barriers. The blueprint includes federal housing policies focused on by-right building zones, transit-linked incentives, and the reuse of federal property. [2]
HousingWire also reported that the document suggests providing cost relief on materials and building codes. To address financing barriers, the agenda recommends expanding financing tools, which includes Federal Housing Administration modernization and accessory dwelling unit loans. [2]
Housing industry leaders and lawmakers are using the new framework to develop follow-up legislation referred to as a ROAD 2.0 bill, HousingWire reported. The proposed draft aims to build on the momentum of previous housing legislation. [2]
In short
- The Build America Caucus released a 95-page agenda targeting housing policy reform.
- Proposed policies include by-right building zones and federal property reuse.
- Financing reforms focus on FHA modernization and accessory dwelling unit loans.
- Industry leaders are using the proposal to craft a sequel ROAD 2.0 bill.
Sources
Every paragraph above points to the numbered items it rests on. Read the originals here.
- [1]Lawmakers float a housing 2.0 push to build faster and cheaperhousingwire.com, 15h ago (the report this story comes from)
- [2]Lawmakers float a housing 2.0 push to build faster and cheaperHousingWire, 15h ago
Background
- [3]Build Back Better Act on Wikipedia
Our newsroom writes these reports with the help of software, from the 3 sources listed and nothing else, and checks them against those sources. Facts can still be wrong or move on; the originals are the record. Spotted a mistake? Write to daniel@monsterkong.com.
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