Removing Regulatory Barriers to Affordable Home Construction
1. Purpose
Executive Order 14394 aims to eliminate regulatory barriers to affordable home construction, thereby promoting housing affordability and expanding homeownership opportunities across the United States.
2. Key Actions And Directives
- Review Stormwater and Wetland Regulations: The Secretary of the Army and the Administrator of the EPA will revise requirements related to stormwater, wetlands, and water bodies.
- Streamline Federal Permitting: Focus on easing permitting requirements for residential development and implementing guidance on the National Environmental Policy Act.
- Align with Opportunity Zones: Federal programs will be better aligned with Opportunity Zone tax incentives to stimulate single-family home construction.
- Develop Regulatory Best Practices: The Secretary of Housing and Urban Development will formulate best practices to streamline state and local housing permitting processes.
- Reform Housing-Related Requirements: The Secretary of Agriculture will reform regulations on energy efficiency and water use to alleviate the impact on housing costs.
3. Important Points
- Regulatory Reforms: The order addresses federal barriers related to stormwater management, housing development, energy efficiency, and permitting, all crucial for affordable housing.
- Focus on Opportunity Zones: The order emphasizes leveraging Opportunity Zones to enhance investments in housing construction, fostering economic growth.
- Clarification of Authority: Section 6 establishes that the order does not alter any existing legal authorities of executive departments or agencies.
- Cost Management: The Department of Housing and Urban Development will handle publication costs associated with the executive order.
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