The U.S. Department of Agriculture (USDA) and the U.S. Department of Housing and Urban Development (HUD) signed a Memorandum of Understanding (MOU) to streamline housing standards, including environmental review, environmental impact, environmental regulations and physical inspections. The MOU aims to advance housing development and increase supply.
“The National Association of REALTORS (NAR) applauds HUD and USDA for streamlining environmental reviews and inspections, reducing regulatory barriers and advancing housing development,” said NAR Executive Vice President and Chief Advocacy Officer Shannon McGahn. “This action is an important step in implementing the 21st Century ROAD to Housing Act and building momentum toward reforms that reduce costs and increase housing supply. NAR helped shape the legislation and will continue working with federal agencies and regulators to advance policies that break down barriers to housing and homeownership.”
