The Trump administration has announced a new joint task force to identify federal land suitable for housing development, aiming to address the nation's ongoing housing supply crisis. Secretaries Doug Burgum and Scott Turner emphasized the potential of underutilized federal lands, which may alleviate the 3.8 million-unit housing supply gap identified by recent reports. The effort focuses on streamlining the transfer of land for residential use, reducing red tape, and ensuring a balance between housing needs and environmental considerations, with the overarching goal of boosting affordable housing availability across the U.S.
Our federal lands are an incredible asset on America's balance sheet, and we've been discussing how we can efficiently and effectively steward these underutilized areas to solve our nation's affordable housing crisis.
The interagency task force would work to reduce red tape associated with building on federal land and "cut through the bureaucracy" to spur new housing development.
The country has a "housing supply gap" of at least 3.8 million units. At the current pace of construction, it would take more than seven years for supply to catch up with demand.
It will also promote policies to increase the availability of affordable housing, while balancing important environmental and land use considerations.
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