NAHB
The House late last night passed the $1.2 trillion bipartisan infrastructure bill approved by the Senate and President Biden will sign the measure into law shortly.
NAHB supports the infrastructure bill, which will make much-needed improvements to the nation’s roads, bridges, broadband, and public transportation network.
This bill, titled the Infrastructure Investment and Jobs Act, will help connect more Americans from their homes to their places of work and within their communities. It contains several provisions that will boost housing affordability:
- By including Sen. Joe Manchin’s (D-W.Va.) Energy Infrastructure Act, this legislation helps to increase energy efficiency and reduce greenhouse gas emissions without stringent energy code mandates that will increase housing prices.
- The measure restores an exemption for water and sewer contributions in aid of construction that will save some developers as much as 40% on water and sewer costs.
- The bill also streamlines the federal permitting process, which will minimize uncertainty in the housing approval process and make the homes that are built more affordable.
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