BUILD Housing Act Better Use of Intergovernmental and Local Development for Housing Act
Impact
The changes proposed by SB2391 are expected to enhance housing development efforts by simplifying the environmental review process. By allowing the Secretary of Housing and Urban Development to designate specific projects as special projects for funding purposes, the bill aims to expedite decision-making and minimize delays associated with compliance under federal environmental laws. This facilitative approach could bolster local housing markets and stimulate economic growth in communities that face pressing housing shortages.
Summary
SB2391, titled the Better Use of Intergovernmental and Local Development for Housing Act (or the BUILD Housing Act), seeks to amend the Department of Housing and Urban Development Act by designating a specific environmental review procedure for certain types of assistance used in housing development. This bill focuses on ensuring that environmental reviews adhere to the guidelines set forth in the National Environmental Policy Act while maintaining the eligibility of these projects for certain funds under the Multifamily Housing Property Disposition Reform Act of 1994. The intention behind this act is to streamline the bureaucratic process faced by agencies, developers, and local governments when addressing environmental obligations related to housing projects.
Contention
Notably, discussions surrounding SB2391 may reveal tensions regarding the balance of power between federal oversight and local governance, particularly in relation to tribal governments. The bill incorporates provisions that recognize the authority of Indian Tribes in the environmental review process, thereby expanding their ability to participate in and assume responsibility for environmental reviews. However, opponents may argue that this could lead to inconsistencies in application and enforcement of environmental standards across different jurisdictions, raising concerns about the protection of local ecosystems and community interests.
Relating to a set-aside of low income housing tax credits for at-risk housing developments and to the allocation of housing tax credits to those developments and certain other developments.