Tave speak:
- The National Apartment Association and the National Multifamily Housing Council sent a joint letter to President Donald Trump Ask about a thorough evaluation of the federal regulations and rules that affect the housing industry.
- The list includes more than 32 federal programs, rules and regulations that range from wide to specific in 10 agencies.
- The organizations state that these regulations have negatively influenced the housing industry and that the goal of a review is to increase the range of housing, reduce costs and improve the affordability.
Diver Insight:
“The continued economic conditions are a serious threat to the ability of the housing providers to use the private market capital that is necessary to generate the necessary living space,” the letter said. “Higher interest rates contribute to economic volatility, which increases the costs of building new apartments, discourages the required new investments, increases rental costs and drives some apartment providers out of the market as a whole.”
In addition to the economic headwind, the organizations call a too costly regulatory framework in order to maintain the affordability. The inquiries from the organizations include:
- To instruct HUD to publish a legal opinion in which it is clarified that the cares act, a Covid-Aarh Federal Policy This gave a 30-day termination request for evacuations that expired in 2020 and is no longer in force.
- Withdrawal of the constant 30-day evacuation instructions, which applies to some HUD-supported apartments.
- Review of HUDS Section 8 Voucher Program for Housing selection with a focus on reducing the costs, improving efficiency and the incentives of the private sector.
- Withdrawal of a HUD rule that strengthens the management of Auen and the protection of wetlands that the organizations state will increase the costs for property owners with low data on the advantages of risk reduction.
- Return instructions published by HUD in April 2024 for the use of artificial intelligence in housing and tenant screening.
- Recommends the Osha to withdraw its announcement on the proposed regulation for a national heat safety standard in all industries.
- Checking and revising the guidance of the Environmental Protection Agency for the law on clean water.
- Withdrawal of the new landlord and the tenant guidelines that are required for the real estate newly financed by Fannie Mae and Freddie Mac, including longer notice periods for evacuations and leases.
The Naa President and CEO of NAA President and CEO of NAA, President and CEO of Naa President and CEO of Sharon Wilson Géno, is also copied to the Vice President JD Vance, the members of the Congress and the Head of Several American authorities, including HUD secretary Scott Turner.
At least one of the inquiries from the organizations that pour back the affiliated FAIR apartments of HUD has already been granted. Gymnast terminated the termination of this rule In a press release on February 25, a little more than a week before sending the letter.
This letter follows A recent hearing for the approval of reforms In the US Senate Committee and Public Works, in which the National Association of Housekeepers said about the challenges that were given approval and environmental examination for the construction of the home.
Carl Harris, Chairman of Nahb and a home dealer from Wichita, Kansas, found in his testimony that almost all country developers due to the uncertainty that allows to resign from certain land packages. He found that according to a study 2021, the cumulative preliminary costs make up 24% of the final price of a new family home.
“Regulatory reforms that cancel in this block reduce the general construction costs that help increase the range of housing,” he said.