Regulatory policy

Bipartisan Policy Center proposes legislation to address housing crisis

The Bipartisan Policy Center (BPC) proposed a new bill that he said could not only address general housing affordability issues, but could be supported by both major political parties.

The proposed legislation, dubbed the American Housing Act of 2023, is based on three key goals: to increase the production of affordable housing; preserve the existing affordable housing stock; and to help families find and pay for housing they can reasonably afford.

The legislation is based on housing proposals issued in the past by Democrats and Republicans.

“The affordable housing crisis demands bipartisan legislative action,” BPC writes in its introduction to the bill. “Housing policy is one of the most powerful tools to boost the economic prosperity of families and communities, but ambitious housing action has not been a bipartisan legislative priority in recent years.”

What BPC has proposed is what it calls “comprehensive, evidence-based legislation” that aims to take the “best ideas” that have been introduced from the minds of both major political parties, including housing expansion. low-income tax credit and the introduction of a new tax credit to support the construction and rehabilitation of owner-occupied housing in struggling communities.

The bill also aims to lighten certain housing regulations, in particular collaborations between US Department of Housing and Urban Development (HUD)the Government Accountability Office (GAO)the Ministry of Energy and others to “assess regulatory and other barriers to innovation in residential construction.”

The bill also proposes to permanently authorize the Housing Assistance Demonstration Program (RAD) and eliminate its current cap, which BPC says would “preserve access to federally subsidized housing.” , and to reauthorize the Native American Housing Assistance and Self-Determination Act (NAHASDA).

“[NAHASDA’s] are the primary source of federal assistance to ensure American Indians, Alaska Natives, and Native Hawaiians have access to safe, accessible, and affordable housing and authorize the Tribal HUD-VA Supportive Housing (VASH) program , which is currently a demonstration,” the BPC writes in its proposal.

The bill also proposes to boost landlord participation in the Housing Choice Voucher (HCV) program and target families with young children for help through new mobility housing vouchers and advice.