Affordable Housing Expansion: Modernizing Construction Wage Rules.
This bill aims to reduce the cost of federally supported housing construction by changing how minimum wages for construction workers (prevailing wages) are calculated. It mandates new data collection methods and limits the application of higher commercial wage rates to residential projects, intending to increase the supply of affordable homes. Citizens may benefit from a greater availability of affordable housing units.
Key points
Changes how prevailing wages are calculated for residential construction, allowing the use of broader geographic data to potentially lower federal project costs.
Establishes a working group to recommend applying residential wage rates to taller affordable housing buildings (5+ stories) and streamlining wage requirements for certain FHA projects.
Requires a single, residential wage rate determination for projects funded under major federal affordable housing programs, preventing the use of potentially higher commercial rates.
Status:
Expired
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