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High Housing Costs, Shortages Propel Movement on Reform in Congress
The bipartisan bill aims to reduce regulatory barriers and update federal housing programs to address a 4.7 million unit shortage, lawmakers said.
- Earlier this month, the U.S. House passed its version of a bipartisan housing reform bill with only nine dissenting votes, while a Senate committee approved a similar bill unanimously last year.
- Driven by a widening supply gap, the housing shortage is up to 4.7 million units, with prices reaching $359,078 in January, according to Zillow Group.
- Repurposing federal grants, the bills let Community Development Block Grant recipients better support housing construction, update HUD manufactured‑housing standards, fund pre‑approved pattern books, remove many environmental impact statements, and raise the public investment welfare cap to ease bank investments.
- Political benefits include a near‑universal message to voters, with praise from the National Association of Realtors and Affordable Housing Tax Credit Coalition, despite disputes over banking provisions.
- The White House's executive order last month, targeting institutional investors, aligns with lawmakers' efforts to limit federal support for such sales, analysts say.
22 Articles
22 Articles
High housing costs, shortages propel movement on reform in Congress • SC Daily Gazette
New home under construction. (Dan Reynolds Photography/Getty Images)WASHINGTON — Republicans, Democrats and the White House are methodically, calmly inching toward a common goal: agreeing on a thick package of laws that would do something quickly about slowing housing costs and boosting supply. There’s no talk of gridlock here. No partisan sniping. Just an under the radar effort to show constituents in an election year that their lawmakers reali…
High housing costs, shortages propel movement on reform in Congress • Rhode Island Current
New home under construction. (Dan Reynolds Photography/Getty Images)WASHINGTON — Republicans, Democrats and the White House are methodically, calmly inching toward a common goal: agreeing on a thick package of laws that would do something quickly about slowing housing costs and boosting supply. There’s no talk of gridlock here. No partisan sniping. Just an under the radar effort to show constituents in an election year that their lawmakers reali…
High housing costs, shortages propel movement on reform in Congress • Maine Morning Star
New home under construction. (Dan Reynolds Photography/Getty Images)WASHINGTON — Republicans, Democrats and the White House are methodically, calmly inching toward a common goal: agreeing on a thick package of laws that would do something quickly about slowing housing costs and boosting supply. There’s no talk of gridlock here. No partisan sniping. Just an under the radar effort to show constituents in an election year that their lawmakers reali…
Louisiana Illuminator
High housing costs, shortages propel movement on reform in Congress
New home under construction. (Dan Reynolds Photography/Getty Images)WASHINGTON — Republicans, Democrats and the White House are methodically, calmly inching toward a common goal: agreeing on a thick package of laws that would do something quickly about slowing housing costs and boosting supply. There’s no talk of gridlock here. No partisan sniping. Just an under the radar effort to show constituents in an election year that their lawmakers reali…
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