Trump signs order creating committee to remove regulatory barriers for affordable housing
U.S. President Donald Trump signed an Executive Order Establishing a White House Council on Eliminating Regulatory Barriers to Affordable Housing in the Oval Office at the White House in Washington, DC. on Tuesday. Photo by Yuri Gripas/UPI |
The order creates a committee, chaired by Secretary of Housing and Urban Development Ben Carson, to work to eliminate regulatory barriers related to building affordable housing. Photo by Yuri Gripas/UPI |
The council will consist of members from eight federal agencies that will work with state, local and tribal leaders to reduce regulations related to developing new forms of affordable housing.
“We’re lifting up forgotten communities, creating exciting new opportunities and helping every American find their path to the American Dream,” Trump said of the order.
The White House stated that more than 25 percent of the cost of a new home is directly related to federal, state and local regulations and up to 42 percent for some new multifamily constrictions.
Further, it cited Census Bureau data showing that seven homes were built for every 10 households formed between 2010 and 2016 and that high housing prices are often linked to increased homelessness.
Secretary of Housing and Urban Development Ben Carson will oversee the committee that will seek to “remove obstacles that impede the production of more affordable homes,” including added cost due to regulations.
“Today’s announcement recognizes the need for federal policies to serve Americans of all income levels,” Carson said.