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Housing Supply Expansion: New Wage Rules and Affordability

This act aims to make housing more affordable by changing how wages are determined for construction workers. This could impact construction costs and housing availability, potentially lowering prices for citizens. It also establishes a working group for further recommendations in this area.
Key points
Wage calculation changes: New rules for determining construction worker wages may reduce housing construction costs.
Increased housing availability: The goal is to increase the number of affordable housing units on the market.
Streamlined regulations: The act seeks to simplify wage rules for federally funded housing projects.
Working group: A special group will be formed to explore further modernization of housing construction wage regulations.
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Additional Information
Print number: 117_HR_8235
Sponsor: Rep. Van Duyne, Beth [R-TX-24]
Process start date: 2022-06-24