Builders Be Happy - HUD Terminates the AFFH rule - Substantially Reduces Red Tape

Builders Be Happy - HUD Terminates the AFFH rule - Substantially Reduces Red Tape

Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes

"By terminating the AFFH rule, localities will no longer be required to complete onerous paperwork and drain their budgets to comply with the extreme and restrictive demands made up by the Obama federal government."

Turner added that as a result of cutting this regulation, the federal government will be able to "better serve rural, urban and tribal communities that need access to fair and affordable housing."

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  • Kerry BairdPro Member
    Rental Property Investor · Melbourne, FL · Member since 2011 · 3k+ posts · 2k+ votes
    1y

    Interesting.  We will have to watch this space and see if there is a tangible benefit to be found for all affected people.  Reducing paperwork won't do much for most of us.  Hope they do better than just that.  Thanks for posting!

    • Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
      1y
      Quote from @Kerry Baird:

      Interesting.  We will have to watch this space and see if there is a tangible benefit to be found for all affected people.  Reducing paperwork won't do much for most of us.  Hope they do better than just that.  Thanks for posting!

      In fact, it reduces the amount of compliance to previously lower levels, meaning, there is far more than just paperwork involved that's dropped. It's compliance, inspections, fines, and threats by the government. Now, if we can find small builders who haven't gone broke to start building again, that should help.
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