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A lot of the bill involves shifting existing federal grants to pro-supply localities. To wit, it folds in Rep. Scott Peters’ perennial idea to send more federal transit dollars to jurisdictions that have looser zoning rules around planned rail and bus lines. 1/x
Similarly, it would redistribute some federal Community Development Block dollars from high-cost, low-growth localities to high-cost, high-growth localities. 2/x
Another interesting idea is a proposed “innovation fund” which reads like an attempt to get ‘YIMBY grants’ right. Unlike the current PRO grants, which is basically just a subsidy for studies and plans, this would reward localities that are actually growing supply. 3/x
Also grouped in there is the white whale of chassis reform, NEPA exclusions for federally subsidized infill housing, and a plan to have HUD produce model zoning codes. 4/x
All told, it’s a bill of a million tweaks. It notably does not include more aggressive proposals to directly preempt local zoning or spend billions more on affordable housing. 5/x
As a libertarian to be sure, I’m wholly in agreement with the idea that the feds shouldn’t be involved in housing at all. But since they are, reforming existing programs to encourage more local/state deregulation is an acceptable second-best approach. 6/x
Anyway, you can read the whole newsletter here, which also includes a write up of the Trump admin’s new order on homelessness 7/x
Also subscribe to my newsletter Rent Free. As I tell everyone, you don’t have to read it, you just have to click on it. (But also please read it)
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