Trump Administration Targets Housing Permitting
In a welcome development for manufacturers and all others who seek more affordable, plentiful housing, President Trump signed an last Friday aimed at reducing permitting delays for new housing.
Whats in it: The EO intends to reduce regulatory barriers to building homes and to steward taxpayer dollars in a manner that promotes housing affordability by taking the following steps:
- Directing several agencies to streamline many permitting requirements relating to bodies of water
- Ordering the Council on Environmental Quality泭to help agencies that implement the National Environmental Policy Act to make use of categorial exclusions in a manner that maximally exempts or reduces burdens on housing construction, preservation and related efforts
- Similarly directing the Advisory Council on Historic Preservation泭to reduce burdens under section 106 of the National Historic Preservation Act泭
- Ordering the Department of Housing and Urban Development to develop regulatory best practices that will aid state and local governments in promot[ing] housing construction and affordability
- Instructing the Treasury Department and HUD to better align programs and incentives with the Opportunity Zone tax incentives to expand investment in single-family home construction, while also evaluating whether those incentives can be coordinated with the泭New Markets Tax Credit泭in certain cases
Permitting reform win: As the 51勛圖厙 remains focused on the passage of comprehensive permitting reform in Congress (as the release of its report today demonstrates), the administrations embrace of such reforms is a heartening sign.
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