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Cutting Red Tape: Federal Support to Boost Housing Supply and Lower Costs.

This Act aims to tackle the national housing shortage by reducing unnecessary regulatory barriers, particularly restrictive local zoning and land use rules. The federal government will provide technical assistance and guidelines to states and localities to streamline construction processes and encourage the building of more homes, especially affordable units. Citizens should see a potential increase in housing availability and faster development, which is intended to stabilize or lower housing costs.
Key points
Federal support for local governments to ease restrictive building rules (e.g., minimum parking requirements, lot sizes) to accelerate the construction of new housing.
Grants and guidelines to promote the construction of smaller multi-unit buildings (duplexes, triplexes) and accessory dwelling units (ADUs) through pre-approved designs.
Changes to tax credit allocation rules to ensure local opposition does not automatically block affordable housing projects.
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Additional Information
Print number: 118_S_4460
Sponsor: Sen. Fetterman, John [D-PA]
Process start date: 2024-06-05