What’s in and out of the combined major bipartisan housing bill
Are they actually going to vote on something real?
This week, the Senate unveiled revamped bipartisan housing legislation that it billed as a compromise between competing housing legislation in the House and the Senate. Here are the highlights of the measures included in the bill.
The legislation is meant to boost the housing supply and ease the affordability crisis plaguing the nation. It would be the most significant bipartisan piece of housing legislation in many years if President Donald Trump signs it into law.
Generally speaking, it is aimed at easing federal regulations that might slow housing construction and encouraging states and cities to reduce land-use regulations that are thought to make it difficult to build.
The now-renamed 21st Century ROAD to Housing Act is a combination of the Senate’s ROAD to Housing Act and the House’s Housing for the 21st Century Act. The newest iteration of the legislation is the Senate’s attempt to reconcile the differences between the two bills before sending it back to the House.
BIG WEEK AHEAD FOR MAJOR LEGISLATION TO ADDRESS HOUSING AFFORDABILITY WOES
Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott (R-SC) told a group of reporters that he is not trying to jam the House with the legislation and asserted that the new version combines the two pieces of legislation “together with an 80% or so significant majority of an overlap.”
There are some notable additions and subtractions in the newest version of the legislation compared to earlier versions introduced in both chambers.
Zoning guidelines
One significant departure from the initial version of ROAD to Housing is that it cuts the Housing Supply Frameworks Act from the language.
That provision in the Senate bill would have had the Department of Housing and Urban Development create zoning guidelines and then essentially grade every locality on how its rules stacked up against the ideal.
States and localities have been blamed for increasing the cost of housing by crimping supply through zoning restrictions and other regulations. The original ROAD legislation would have required HUD officials to engage in local land-use regulation in an advisory capacity.
Some saw the move as a major centerpiece of the bipartisan housing legislation, which has been spearheaded by Scott and banking committee ranking member Elizabeth Warren (D-MA) in the Senate and Financial Services Committee Chairman French Hill (R-AR) and ranking member Maxine Waters (D-CA) in the House.
But it was cut from the …
Are they actually going to vote on something real?
This week, the Senate unveiled revamped bipartisan housing legislation that it billed as a compromise between competing housing legislation in the House and the Senate. Here are the highlights of the measures included in the bill.
The legislation is meant to boost the housing supply and ease the affordability crisis plaguing the nation. It would be the most significant bipartisan piece of housing legislation in many years if President Donald Trump signs it into law.
Generally speaking, it is aimed at easing federal regulations that might slow housing construction and encouraging states and cities to reduce land-use regulations that are thought to make it difficult to build.
The now-renamed 21st Century ROAD to Housing Act is a combination of the Senate’s ROAD to Housing Act and the House’s Housing for the 21st Century Act. The newest iteration of the legislation is the Senate’s attempt to reconcile the differences between the two bills before sending it back to the House.
BIG WEEK AHEAD FOR MAJOR LEGISLATION TO ADDRESS HOUSING AFFORDABILITY WOES
Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott (R-SC) told a group of reporters that he is not trying to jam the House with the legislation and asserted that the new version combines the two pieces of legislation “together with an 80% or so significant majority of an overlap.”
There are some notable additions and subtractions in the newest version of the legislation compared to earlier versions introduced in both chambers.
Zoning guidelines
One significant departure from the initial version of ROAD to Housing is that it cuts the Housing Supply Frameworks Act from the language.
That provision in the Senate bill would have had the Department of Housing and Urban Development create zoning guidelines and then essentially grade every locality on how its rules stacked up against the ideal.
States and localities have been blamed for increasing the cost of housing by crimping supply through zoning restrictions and other regulations. The original ROAD legislation would have required HUD officials to engage in local land-use regulation in an advisory capacity.
Some saw the move as a major centerpiece of the bipartisan housing legislation, which has been spearheaded by Scott and banking committee ranking member Elizabeth Warren (D-MA) in the Senate and Financial Services Committee Chairman French Hill (R-AR) and ranking member Maxine Waters (D-CA) in the House.
But it was cut from the …
What’s in and out of the combined major bipartisan housing bill
Are they actually going to vote on something real?
This week, the Senate unveiled revamped bipartisan housing legislation that it billed as a compromise between competing housing legislation in the House and the Senate. Here are the highlights of the measures included in the bill.
The legislation is meant to boost the housing supply and ease the affordability crisis plaguing the nation. It would be the most significant bipartisan piece of housing legislation in many years if President Donald Trump signs it into law.
Generally speaking, it is aimed at easing federal regulations that might slow housing construction and encouraging states and cities to reduce land-use regulations that are thought to make it difficult to build.
The now-renamed 21st Century ROAD to Housing Act is a combination of the Senate’s ROAD to Housing Act and the House’s Housing for the 21st Century Act. The newest iteration of the legislation is the Senate’s attempt to reconcile the differences between the two bills before sending it back to the House.
BIG WEEK AHEAD FOR MAJOR LEGISLATION TO ADDRESS HOUSING AFFORDABILITY WOES
Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott (R-SC) told a group of reporters that he is not trying to jam the House with the legislation and asserted that the new version combines the two pieces of legislation “together with an 80% or so significant majority of an overlap.”
There are some notable additions and subtractions in the newest version of the legislation compared to earlier versions introduced in both chambers.
Zoning guidelines
One significant departure from the initial version of ROAD to Housing is that it cuts the Housing Supply Frameworks Act from the language.
That provision in the Senate bill would have had the Department of Housing and Urban Development create zoning guidelines and then essentially grade every locality on how its rules stacked up against the ideal.
States and localities have been blamed for increasing the cost of housing by crimping supply through zoning restrictions and other regulations. The original ROAD legislation would have required HUD officials to engage in local land-use regulation in an advisory capacity.
Some saw the move as a major centerpiece of the bipartisan housing legislation, which has been spearheaded by Scott and banking committee ranking member Elizabeth Warren (D-MA) in the Senate and Financial Services Committee Chairman French Hill (R-AR) and ranking member Maxine Waters (D-CA) in the House.
But it was cut from the …
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