Freedom to Build Act Seeks to Reduce Housing Costs Through Regulatory Reform
· Texas Border Business
U.S. Representative Monica De La Cruz from Texas has introduced the Freedom to Build Act, aimed at reducing housing costs by eliminating what she refers to as the 'bureaucrat tax.' This tax represents the hidden costs associated with regulatory delays in new home construction. The legislation proposes a voluntary 'Freedom to Build' designation for localities that implement regulatory reforms, allowing them to receive priority for HUD housing grants. Supported by various housing associations, the act seeks to modernize permitting processes and reduce barriers, ultimately making homeownership more accessible for Texas families. The 'bureaucrat tax' constitutes 24% of single-family home costs and 41% for multifamily housing.
AI summary · Source: Texas Border Business →
