As affordability issues continue to plague markets across the country, NAR has argued that reforms to scale back undue regulatory burdens while retaining strong environmental quality standards will help alleviate housing inventory constraints.
“NAR has long advocated for common-sense reforms to promote infrastructure development and streamline review processes without compromising on critical environmental protections,” Malta said in a news release.
“Since NEPA was last updated nearly four decades ago, the housing industry has seen countless infrastructure modernization projects paralyzed by arbitrary delays and unreasonable cost increase.”
The reforms will remove the barriers standing in the way of infrastructure improvements that stimulate economic growth and create jobs, Malta added.
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