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Republicans push for reducing regulatory costs to tackle affordable housing crisis

Republicans push for reducing regulatory costs to tackle affordable housing crisis
© Kyo H. Nam

Republicans at the state and federal level are pushing for lower costs associated with regulations as a way to address the nation’s affordable housing crisis.

Rep. Ralph NormanRalph Warren NormanLiz Cheney says McConnell, McCarthy are heads of GOP Female Republicans 'horrified' by male GOP lawmaker's description of Cheney: report Hillicon Valley: Tech companies duke it out at Senate hearing | Seven House Republicans vow to reject donations from Big Tech MORE (R-S.C.) and North Carolina state Sen. Paul Newton (R) highlighted regulations at a forum last week in Charlotte, N.C., hosted by The Hill, arguing that cutting those costs, while creating more sustainable housing, would help with homeowner stability.

“Cut these regulations, and you may need to add some where they make sense,” Norman said at the forum sponsored by the National Association of Home Builders.

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Newton criticized the allocation of federal funding to local governments, saying it “goes to the most burdensome regulatory environments,” which he said affects affordable housing overall.

President TrumpDonald TrumpSanders: Reinstating SALT deduction 'sends a terrible, terrible message' GOP braces for wild week with momentous vote One quick asylum fix: How Garland can help domestic violence survivors MORE’s fiscal 2021 budget proposal, released earlier this month, would reduce funding for housing programs by about 15 percent. Housing advocates say low-income households would be hit hardest under that scenario, but the budget cuts are likely to be dismissed by Congress.

Rep. Alma AdamsAlma Shealey AdamsIn honor of Mother's Day, lawmakers should pass the Momnibus Act Officials discuss proposals for fixing deep disparities in education digital divide The Hill's Morning Report - Presented by the National Shooting Sports Foundation - At 50 days in charge, Democrats hail American Rescue Plan as major win MORE (D-N.C.), who also spoke at the forum in Charlotte, emphasized the need for boosting housing inventory and strengthening partnerships between different levels of government to bring down housing costs.

“When we talk about supply and demand, you’ve got more people coming into our communities,” Adams said. “And many of those folks are at that level in terms of not being able to afford some of the properties that are being built. So, I think the partnerships have to be extended, not only with those who are building, but with our cities, with our state, and also the federal government.”

Adams is a cosponsor of the Housing Is Infrastructure Act of 2019, which focuses on developing and investing in more affordable housing. The bill, introduced in November, has 10 cosponsors.

“If you need a place to live and you can’t afford it, if we had more houses and more units than we needed here, if people don’t have the kind of income because they are not making a living wage or wages that would allow them to do it, then that becomes a problem as well,” Adams said.