On November 7th, Wisconsin and Michigan signed agreements as part of an Administration pilot initiative that would reduce regulatory burden on developers of federally-subsidized affordable rental housing and better coordinate intergovernmental oversight. As part of the Obama Administration's commitment to better coordinated federal rental policy, U.S. Departments of Agriculture, Housing and Urban Development, and Treasury are working with their housing finance agency counterparts at the state level in Wisconsin, Michigan, Washington, Minnesota, Oregon and Ohio to eliminate duplicative physical inspections of rental housing subsidized through more than one public funding source. These agreements save taxpayers money, reduce unnecessary regulatory oversight, and ease the burden on low-income working families who must take time away from work to allow inspectors into their rental apartments.
You can read more here: Reducing Regulatory Burdens on Affordable Housing Developers
Derek Douglas is Special Assistant to the President on Urban Policy.