{"id":2204617,"date":"2024-03-23T04:18:02","date_gmt":"2024-03-23T08:18:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-economists-aim-to-pressure-cities-to-relax-zoning-restrictions-to-ease-housing-prices\/"},"modified":"2024-03-23T04:29:18","modified_gmt":"2024-03-23T08:29:18","slug":"biden-economists-aim-to-pressure-cities-to-relax-zoning-restrictions-to-ease-housing-prices","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-economists-aim-to-pressure-cities-to-relax-zoning-restrictions-to-ease-housing-prices\/","title":{"rendered":"Biden&#8217;s economic team seeks to encourage cities to loosen zoning regulations to lower housing costs"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-economists-aim-to-pressure-cities-to-relax-zoning-restrictions-to-ease-housing-prices%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2204617&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Biden Administration&#8217;s Push to \u200bEase\u2064 Zoning Restrictions<\/h2>\n<p>The Biden administration&#8217;s economic \u2063team is advocating for federal pressure to alleviate zoning constraints \u200dat the local level in\u200c a bid to tackle the concerning housing affordability crisis prevailing\u200b across the \u200cnation.<\/p>\n<h3>Economic Report of the President: Insights and Recommendations<\/h3>\n<p>Recently, top economists from the Biden administration unveiled their extensive 487-page Economic Report of the President. This comprehensive\u2062 document delves into the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/interest-rate-at-highest-level-since-2008-financial-crisis-following-massive-fed-hike\/\" title=\"Interest Rate at Highest Level Since 2008 Financial Crisis Following Massive Fed Hike\">current economic landscape<\/a> and\u200d proposes strategies for enhancements across various sectors.<\/p>\n<blockquote><p>The\u2064 report underscores the urgency of increasing housing supply, \u200bgiven the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/10-year-treasury-yield-touches-5-highest-since-before-great-recession\/\" title=\"10-year Treasury yield hits 5%, highest since pre-Great Recession.\">soaring mortgage \u200drates<\/a> and escalating \u2063home prices that \u200bare rendering homeownership\u2064 unattainable for many families.<\/p><\/blockquote>\n<p>The document extensively discusses the impediments posed by stringent zoning regulations on housing development,\u2062 emphasizing the need for intervention \u2064at the federal level to drive changes in local zoning\u2063 laws.<\/p>\n<ul>\n<li>The administration aims to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tennessee-to-consider-cutting-off-federal-government-funding-for-education\/\" title=\"Tennessee may halt federal funding for education.\">leverage federal funding<\/a> to incentivize communities to ease restrictive zoning regulations.<\/li>\n<li>Initiatives like the Pathways to Removing Obstacles to Housing program aim to award competitive grants to localities \u2063fostering\u2064 affordable housing\u2064 solutions.<\/li>\n<\/ul>\n<p>While this approach aligns with President\u200c Biden&#8217;s housing agenda, it has sparked debate on the extent of \u200dfederal involvement in local zoning policies. Critics raise concerns about\u200b using federal grants to micromanage zoning reforms at the local level.<\/p>\n<p>The Economic Report of the President emphasizes the potential of\u200c federal funding as a catalyst for driving positive changes in housing markets, urging state and local policymakers \u2064to align their\u200d strategies with housing policy goals.<\/p>\n<p>Notably, the report highlights the dwindling construction of starter homes, reflecting \u2064the pressing \u200cneed\u200d to revitalize housing supply to enhance\u200d affordability.<\/p>\n<h3>The Impact \u200cof Zoning Constraints on Affordable \u2064Housing<\/h3>\n<p>Exclusionary zoning policies and regulatory barriers challenge the construction of affordable housing, exacerbating the affordability \u2063crisis. These \u2064constraints, including prohibitions on multifamily homes and height limits, hinder housing density and affordability.<\/p>\n<blockquote><p>The White House underscores the critical role of zoning reforms in addressing the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/analysis-us-housing-market-facing-many-challenges-from-high-mortgage-rates-to-lack-of-supply\/\" title=\"US housing market struggles with high mortgage rates and limited supply.\">housing supply shortage<\/a> and rising affordability concerns.<\/p><\/blockquote>\n<p>Jared Bernstein, Chairman of the White\u2064 House \u200bCouncil of Economic \u2063Advisers, emphasizes the importance of tackling\u2064 land-use regulations to make a meaningful impact on\u200b housing affordability.<\/p>\n<p>While some proposals in President\u200c Biden&#8217;s budget focus on demand-side interventions, economists caution that measures like tax credits for homebuyers may inadvertently inflate housing demand, further straining affordability.<\/p>\n<p>In balancing demand and supply dynamics, policymakers face the challenge of fostering a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/homebuilder-sentiment-fell-every-month-this-year-as-housing-market-weakens\/\" title=\"Homebuilder Sentiment Fell Every Month This Year As Housing Market Weakens\">robust housing market<\/a> that ensures affordability and accessibility for all.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Biden administration economists advocate for federal influence to relax local zoning rules, aiming to combat the nation&#8217;s housing affordability crisis. This week, top Biden administration economists presented their annual Economic Report of the President, a 487-page document outlining the current economic landscape<\/p>\n","protected":false},"author":2683,"featured_media":2204618,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/AP24023813373438-1024x683.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2204617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/wex-s3.s3.us-east-1.amazonaws.com\/wp-content\/uploads\/2024\/01\/AP24023813373438-1024x683.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2204617","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2683"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2204617"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2204617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2204618"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2204617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2204617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2204617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}