Sen. Todd Young reintroduced this Yes In My Backyard (YIMBY) bill to “shed light on discriminatory land use policies, encourage localities to cut burdensome regulations, and bring a new level of transparency to the community development process” (young.senate.gov).
This is the companion bill to S. 1614 (YIMBY) above. It would also encourage communities to cut reevaluate their zoning regulations in order to increase affordable housing development.
This bill would create a $5 billion community development grant program specifically for areas that meet criteria of “economic distress.” PHAs are eligible to receive funding from the program. Eligible uses of the funds include homeownership counseling, land banking, park improvements, neighborhood engagement, etc.
The Neighborhood Homes Investment Act (NHIA) would authorize a new federal tax credit to build and restore 500,000 homes in distressed urban, suburban and rural neighborhoods over the next decade.
Do you know of a bill that is missing from the list? Please contact Jenna Hampton, Government Relations Analyst, at email@example.com.
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