The "More Homes on the Market Act" is a federal bill aimed at addressing housing shortages by incentivizing states and localities to reduce barriers to housing development. The main provisions of the bill include providing grants to jurisdictions that streamline their zoning and permitting processes, encouraging the construction of affordable housing, and promoting innovation in housing design and construction. The bill aims to increase the supply of homes available for purchase or rent, particularly for low- and middle-income individuals and families. If passed, this legislation could lead to more affordable housing options, stimulate economic growth in the construction sector, and help alleviate housing shortages in many communities across the country.
2023-03-01: Introduced in House
2023-03-01: Referred to the House Committee on Ways and Means.
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