COOPERATOREVENTS NEW YORK EXPO. TUESDAY NOV 19TH . JAVITS CONVENTION CENTER. REGISTER NOW!

NY Rep. Introduces Multifaceted Housing Plan Bipartisan Reforms Would 'Incentivize Construction, Reduce Unaffordability'

Selling A Home as a group of diverse home buyers reaching for real estate success in a seller market as a symbol for buying a house and affordability challenges to residential ownership.

According to a recent item published by the National Housing Conference (NHC), Representative Mike Lawler (R-N.Y.) has  “announced a new sweeping legislative housing plan that looks to incentivize construction to produce more affordable housing through bipartisan provisions of several major housing bills. The plan, called the Revitalizing America's Housing Act, incorporates elements of the Affordable Housing Credit Improvement Act of 2023 and the Neighborhood Homes Investment Act, NHC’s top legislative priorities. It also includes elements of the Opportunity Zones Transparency, Extension and Improvement Act, calling for an elimination of the cap on the Rental Assistance Demonstration program, expanding Opportunity Zones, incentivizing zoning reforms, authorizing the Moving to Work demonstration, and creating incentives for small dollar mortgages, among many other provisions.

 

According to NHC’s reporting, "This plan calls for a series of bipartisan reforms and policies that would incentivize construction and reduce unaffordability, would improve the availability of supplies, land, and financing for builders, owners and purchasers, would address the health and safety of our communities’ housing, and would vastly improve oversight to ensure resources are being properly utilized and going where they’re needed,” said Rep. Lawler in the announcement. "The issues confronting our housing system are myriad and manifold. They require a comprehensive set of policy prescriptions to address.”

Related Articles

Report: NY Metro Ranks 3rd in Affordable Housing Investment

Report: NY Metro Ranks 3rd in Affordable Housing Investment

Homeownership Remains out of Reach for Many Americans

National Housing Conference Launches Bimonthly Podcast

National Housing Conference Launches Bimonthly Podcast

Conversations to Focus on Affordable Housing Solutions

Report: Only 17.0% of NYC Homes Are Single-Family

Report: Only 17.0% of NYC Homes Are Single-Family

Big Apple's Share Lowest in U.S.

hard to buy a house. rising property, real estate market

The Growing Housing Crisis

'No Easy Answers,' Says NHC Head

Real estate prices have grown exponentially, Vector illustration design concept in flat style

Challenges for Rental Conversions in NY and NJ

Affordable Housing vs. the Overheated Market

Arrow showing oscillation, fluctuation or stagnation. Economic crisis, persistence and progress concept. Flat design. EPS 8 vector illustration, no transparency, no gradients

New York Co-op & Condo Sales in Gridlock - for Now

High Interest Rates the Main Culprit