Build America Act: Housing Crisis Looms
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
The Build America, Buy America Act, aimed at boosting American manufacturing jobs, is causing significant challenges for affordable housing builders reliant on federal funds. The laws strict requirement for U.S.-made materials, coupled with slow waiver approvals and staff cuts, is leading to delays, extra costs, and project cancellations. This is exacerbating the nations housing shortage, particularly for low-income individuals and seniors. Developers are struggling to find compliant products, burning through cash on consultants, and considering scaling back projects. The laws supporters acknowledge the need for a faster, clearer waiver system, while critics advocate for exemptions on housing funds to balance job creation with urgent housing needs.
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