"The bipartisan Terwilliger Center's Advisory Committee recently sent a letter to Vince Haley, director of the White House Domestic Policy Council, with a list of six policy suggestions that they believe could address the nation's housing affordability crisis. The letter aligns with a Trump administration view that the housing crisis is largely a result of a supply shortage. While local regulations are often the make-or-break"
"Lawmakers in the House of Representatives could vote early next year on the bipartisan HOME Reform Act of 2025, which would streamline affordable housing development and expand homeownership opportunities. The legislation would exempt certain categories of development under the HOME program from review under NEPA, which is often blamed for delaying or killing development. These categories include new construction and rehabilitation projects of 15 units or fewer, and projects on infill lots."
Six bipartisan policy suggestions aim to address housing affordability by increasing housing supply and reducing construction costs. The proposals emphasize federal actions to complement local reforms and to accelerate inventory delivery through targeted investments and regulatory adjustments. One legislative focus is the HOME Reform Act of 2025, which would streamline affordable housing development and exempt small or infill HOME-funded projects from NEPA review. Recommendations include creating NEPA categorical exclusions, reassessing environmental review thresholds for LIHTC-financed projects, and reviewing Davis-Bacon prevailing wage impacts on the cost of constructing and preserving affordable housing. The Davis-Bacon Act requires prevailing local wages and fringe benefits set by the Department of Labor.
Read at www.housingwire.com
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