NLBMDA Encouraged by Possible Affordable Housing CouncilJune 27th, 2019 by Editor
The National Lumber and Building Material Dealers Association (NLBMDA) views President Trump’s Executive Order to create the “White House Council on Eliminating Regulatory Barriers to Affordable Housing” as a positive for the industry.
The Council, which will be headed by the Department of Housing and Urban Development (HUD) Secretary Ben Carson, has been tasked with several directives including: engaging state, local, and tribal leaders to identify and remove obstacles that hinder the development of new affordable housing; and recommend solutions to reduce statutory, regulatory, and administrative burdens at every level of government that hamper affordable housing development.
With a deadline of January 2021 to meet all the tasks before them, NLBMDA president & CEO Jonathan Paine views the creation of a council as an opportunity, saying in a statement that, “Regulatory barriers at all levels of government, while well-intentioned in many cases, can impede the development of affordable housing.”
Paine also pledged that the NLBMDA is ready to work with the Administration to identify areas and strategies to help make housing more affordable to more Americans.
“Incentives such as the Low-Income Housing Tax Credit have been an effective means to expand the supply of affordable housing and we hope the Administration will complicated these incentives with smart regulatory reforms.”