A pair of bills spearheaded by Congressman Sam Liccardo that aim to speed up the approval process for new residential projects advanced through the U.S. House of Representatives earlier this week as part of a bipartisan housing package. The bipartisan act aims to alleviate the housing shortage by streamlining housing regulations, updating certain programs in the Department of Housing and Urban Development (HUD) and modernizing banking regulations to expand lending opportunities. The legislation passed the House by a vote of 390-9. It will move to the Senate for consideration. Around a quarter of homeowners and half of renters in the…
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