,,ii #aai? ,,congress #b;d ,session ,s4 #dbfe ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,m>* #bf1 #bjbf,mr4 ,hag]ty introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs ,a ,,bill ,to require ! ,secret>y ( ,h\s+ & ,urban ,developm5t to e/abli% a ,fre$om to ,build designation = c]ta9 localities4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,fre$om to ,build ,act4 #b4 ,fre$om to ,build designation 7a7 ,e/abli%m5t 7#a7 ,9 g5]al ,n lat] ?an #ah mon?s aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t %all e/abli% a ,fre$om to ,build designation = eligible localities t volunt>ily qualify "u subsection 7b7 or subsection 7c74 7#b7 ,li/ ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all ma9ta9 & publi% on a publicly accessible website a li/ ( all localities t h receiv$ a ,fre$om to ,build designation1 updat$ n less frequ5tly ?an annually4 7#c7 ,duration ,a ,fre$om to ,build designation %all be effective = a #e-ye> p]iod beg9n+ on ! date on :i* ! designation is made & %all be r5ewable ^u a demon/ration ( cont9u$ qualification "u subsection 7b7 or subsection 7c74 7#d7 ,rule ( con/ruction ,no?+ 9 ?is subsection %all be con/ru$ to require any locality to apply = or obta9 a ,fre$om to ,build designation4 7b7 ,qualification by re=m adoption 7#a7 ,9 g5]al ,a locality may qualify = a ,fre$om to ,build designation by c]tify+ to ! ,secret>y ( ,h\s+ & ,urban ,developm5t t ! locality has adopt$ n few] ?an ! m9imum numb] ( re=ms specifi$ by ! ,secret>y "u p>agraph 7#c7 f ea* ( ! #c categories describ$ 9 p>agraph 7#b74 7#b7 ,categories ( re=m ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all1 ?r\gh notice-&-comm5t rulemak+1 id5tify specific re=ms )9 ea* ( ! foll[+ categories3 7,a7 ,unlea%+ con/ruction innovation ,re=ms t remove regulatory b>ri]s to ! use ( mod]n con/ruction te*nologies1 mat]ials1 & me?ods1 includ+ modul>1 pre-fabricat$1 paneliz$1 & o!r (f-site con/ruction te*niques1 by align+ local requirem5ts ) nationally recogniz$ /&>ds & prohibit+ diff]5tial treatm5t bas$ on mode ( con/ruction4 ,su* re=ms may include-- 7i7 align+ local codes gov]n+ (f-site con/ruction ) nationally recogniz$ /&>ds1 includ+ /&>ds publi%$ by ! ,int]national ,code ,c\ncil2 7ii7 p]mitt+ em]g+ con/ruction mat]ials & me?ods )\t diff]5tial treatm5t bas$ on :e!r or h[ a dwell+ is fabricat$2 & 7iii7 prohibit+ local am5dm5ts to ! model build+ code t add co/ beyond :at ! nationally recogniz$ code requires1 unless ! locality demon/rates a specific safety basis = su* am5dm5t4 7,b7 ,fa/-track+ ! approval process ,re=ms t r$uce ! "t1 co/1 & unc]ta9ty ( ! developm5t approval process & provide build]s ) mean+ful rec\rse :5 ! process fails4 ,su* re=ms may include-- 7i7 by-"r approval = projects t con=m to applicable zon+ & build+ codes1 )\t discretion>y review2 7ii7 b9d+ maximum timel9es = p]mit decisions & inspections1 ) cle> rem$ies = ! applicant1 :i* may include deem$ approval or imm$iate adm9i/rative appeal1 :5 deadl9es are n met2 7iii7 full public disclosure ( all p]mits1 approvals1 inspections1 & associat$ fees t may be requir$1 & prohibition ( undisclos$ requirem5ts or mid-process co/ increases2 7iv7 limit+ ! impact fees & (fsite *>ges to co/s ) a reasonable nexus to ! specific developm5t project2 7v7 au?oriz+ build]s to use qualifi$ ?ird-p>ty inspectors = requir$ inspections & to select lic5s$ pr(essionals ( _! *oice = requir$ /udies2 7vi7 protect+ approv$ developm5t plans f ! retroactive application ( code *anges adopt$ aft] ! date on :i* approval 0 grant$2 7vii7 limit+ /&+ to *all5ge an approv$ developm5t to p>ties :o c demon/rate t ! developm5t w\ld create a common-law nuisance or an imm$iate ?reat to heal?1 safety1 or welf>e2 & 7viii7 an exp$it$ dispute resolution process = d5ials & delays1 "u :i* ! jurisdiction be>s ! burd5 ( demon/rat+ t its action is necess>y to protect sub/antial public heal?1 safety1 or welf>e int]e/s1 & "u :i* ! build] may recov] co/s & damages = unreasonable delay4 7,c7 ,def5d+ prop]ty rights & family fre$om ,re=ms t elim9ate gov]nm5t m&ates t re/rict :at may be built1 h[ x may be built1 :o may build x1 :at en]gy s\rces x may use1 or :at own]s & t5ants may d ) _! prop]ty1 :]e su* m&ates exce$ :at is demon/rably requir$ = prev5tion ( physical injury4 ,su* re=ms may include-- 7i7 prohibit+ r5t control or r5t /abilization on dwell+ units1 :i* may exempt exi/+ dwell+s1 = :i* a c]tificate ( occupancy is fir/ issu$ aft] ! date ( designation2 7ii7 protect+ ! ability ( prop]ty own]s to promptly address nonpaym5t1 lease violations1 fraud1 & unau?oriz$ occupancy2 7iii7 prohibit+ m&atory bel[-m>ket set-asides 9 new developm5t unless ! requirem5t is fully (fset by a d5sity bonus1 fee waiv]1 or equival5t inc5tive volunt>ily accept$ by ! build]2 7iv7 prohibit+ wage1 resid5cy1 or work=ce-composition m&ates on h\s+ developm5t projects beyond ^? impos$ by g5]ally applicable ,/ate law2 7v7 requir+ t local build+ code provisions be consi/5t ) evid5ce-bas$ /&>ds promulgat$ by ! ,secret>y ( ,comm]ce1 ! ,secret>y ( ,agriculture1 ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 ! ,national ,in/itute ( ,/&>ds & ,te*nology1 or any o!r ,f$]al ag5cy1 & elim9at+ non-safety-relat$ local additions2 7vi7 au?oriz+ build]s to comply ) a ,f$]ally recogniz$ en]gy rat+ index z an alt]native to prescriptive en]gy effici5cy codes1 & prohibit+ m&ates = electric-vehicle *>g+ infra/ructure or on-site r5ewable en]gy g5]ation2 7vii7 prohibit+ local ord9ances t ban or effectively elim9ate ! *oice ( a prop]ty own] ( a resid5tial en]gy s\rce2 7viii7 au?oriz+ build]s to design to any v]sion ( ! applicable build+ or en]gy code adopt$ )9 a reasonable p]iod1 z det]m9$ by ! ,secret>y ( ,h\s+ & ,urban ,developm5t1 at ! "t ( plan submission1 r ?an only ! mo/ rec5tly adopt$ edition2 7ix7 limit+ regulatory lay]+1 includ+ prohibit+ ,/ate requirem5ts t add to project co/s beyond applicable ,f$]al requirem5ts1 & prohibit+ local requirem5ts t add to project co/s beyond applicable ,/ate requirem5ts1 unless ju/ifi$ by docum5t$ jurisdiction-specific heal? or safety *>act]i/ics2 7x7 prohibit+ gr[? moratoria1 con/ruction caps1 or geographic conta9m5t b\nd>ies t re/rict :]e new h\s+ may be built2 & 7xi7 prohibit+ rules or policies t p5alize or increase ! co/ ( a h\s+ developm5t on ! basis t x is prim>ily accessible by automobile4 7#c7 ,m9imum ?re%olds ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all1 ?r\gh notice-&-comm5t rulemak+1 e/abli% ! m9imum numb] ( re=ms f ea* category describ$ 9 p>agraph 7#b7 t a locality mu/ adopt to qualify = a ,fre$om to ,build designation4 ,! m9imum numb] %all be n few] ?an #c re=ms f ea* category4 7c7 ,qualification by h\s+ supply outcomes 7#a7 ,9 g5]al ,z an alt]native to qualification "u subsection 7b71 a locality may qualify = a ,fre$om to ,build designation by demon/rat+ su/a9$ h\s+ supply gr[? meet+ an af=dability-adju/$ t>get e/abli%$ by ! ,secret>y ( ,h\s+ & ,urban ,developm5t "u ?is subsection4 7#b7 ,af=dability-adju/$ t>get ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all1 ?r\gh notice-&-comm5t rulemak+1 e/abli% a =mula = det]m9+ ! supply gr[? t>get applicable to ea* locality4 ,! =mula %all-- 7,a7 set a high] supply gr[? t>get = localities 9 h\s+ m>kets 9 :i* h\s+ co/s are high & ris+1 & a l[] t>get1 :i* may be z]o1 = localities 9 h\s+ m>kets 9 :i* h\s+ co/s are af=dable & /able2 7,b7 acc\nt = bo? ! level ( h\s+ co/s1 su* z ! ratio ( m$ian home price to m$ian h\sehold income1 & ! trajectory ( h\s+ co/s1 su* z ! rate ( home price or r5t appreciation2 7,c7 measure h\s+ co/s at ! level ( ! metropolitan /ati/ical area or ! h\s+ m>ket area def9$ by ! ,secret>y1 r ?an at ! level ( ! individual locality1 to prev5t a locality f avoid+ a supply gr[? t>get applicable to its region2 7,d7 measure supply gr[? relative to ! af=dability-adju/$ t>get r ?an by raw production volume2 & 7,e7 p]mit ! supply gr[? t>get to be met by an individual locality or ?r\gh docum5t$ p>ticipation by ! locality 9 a regional h\s+ production compact ) "o or m o!r localities4 7#c7 ,data s\rces ,9 e/abli%+ ! =mula "u p>agraph 7#b71 ! ,secret>y ( ,h\s+ & ,urban ,developm5t %all use exi/+1 publicly available data1 :i* may include ! ,h\se ,price ,index publi%$ by ! ,f$]al ,h\s+ ,f9ance ,ag5cy1 ! ,am]ican ,community ,survey ( ! ,bureau ( ! ,c5sus1 ,fair ,m>ket ,r5ts publi%$ by ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t1 & h\s+ unit c\nts f ! dec5nial c5sus or ! ,am]ican ,community ,survey4 7d7 ,p]iodic review ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all review1 & if appropriate update ?r\gh notice-&-comm5t rulemak+1 ! specific re=ms id5tifi$ "u subsection 7b77#b7 & ! =mula e/abli%$ "u subsection 7c77#b7 n less ?an once e #e ye>s aft] ! date on :i* ! regulations are promulgat$4 7e7 ,revocation 7#a7 ,9 g5]al ,! ,secret>y ( ,h\s+ & ,urban ,developm5t may revoke ! ,fre$om to ,build designation ( a locality ^u a f9d+ t ! locality has-- 7,a7 mat]ially rev]s$ #a or m qualify+ re=ms adopt$ "u subsection 7b72 or 7,b7 ceas$ to meet ! supply gr[? t>get "u subsection 7c71 z applicable4 7#b7 ,notice ,be=e revok+ a designation "u p>agraph 7#a71 ! ,secret>y ( ,h\s+ & ,urban ,developm5t %all provide ! locality ) writt5 notice & a p]iod ( n less ?an #ahj days to cure ! defici5cy4 #c4 ,prioritization ( ,fre$om to ,build designat$ localities 9 competitive grants 7a7 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,local regulatory b>ri]s1 includ+ re/rictive zon+1 burd5some p]mitt+ processes1 & co/-increas+ m&ates1 are a significant contributor to h\s+-supply con/ra9ts & ris+ h\s+ co/s across ! ,unit$ ,/ates4 7#b7 ,f$]al inve/m5ts 9 infra/ructure1 transportation1 & community developm5t g5]ate great] public b5efit :5 ! surr\nd+ regulatory environm5t p]mits ! con/ruction ( h\s+ 9 response to improv$ accessibility & economic opportunity4 7#c7 ,communities t remove regulatory b>ri]s to homebuild+ s]ve national economic1 work=ce developm5t1 & h\s+ af=dability objectives4 7#d7 ,f$]al tax inc5tives = h\s+ production & inve/m5t1 includ+ ! l[-income h\s+ tax cr$it "u section #db ( ! ,int]nal ,rev5ue ,code ( #aihf1 qualifi$ opportunity zone inc5tives "u section #adjj,z-#b ( su* ,code1 & ! new m>kets tax cr$it "u section #de;,d ( su* ,code1 g5]ate great] returns = taxpay]s & produce m h\s+ :5 deploy$ 9 communities ) pro-build+ regulatory environm5ts4 7#e7 ,f$]al h\s+1 transportation1 & community developm5t funds a*ieve great] impact :5 direct$ to communities :]e ! regulatory environm5t enables ^? inve/m5ts to produce _! int5d$ results4 ,direct+ su* funds to communities t simultane\sly ma9ta9 regulatory b>ri]s to ! con/ruction ^? programs are design$ to support dim9i%es ! effectiv5ess & return on ! ,f$]al inve/m5t4 7#f7 ,an adequate & gr[+ supply ( h\s+ all[s dem& gr[? f ris+ incomes & decl9+ int]e/ rates to result 9 exp&$ home[n]%ip r ?an high] home prices1 prop]ty taxes1 & home[n] insurance premiums1 !reby protect+ ! af=dability & value ( home[n]%ip = curr5t & prospective home[n]s4 7#g7 ,! ,fre$om to ,build designation e/abli%$ "u section #b provides a reliable & v]ifiable indicator t a community has committ$ to a regulatory environm5t supportive ( h\s+ supply gr[?4 7b7 ,priority = fre$om ,to build communities ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all prioritize applicants t are locat$ 9 or prim>ily s]ve communities ) a curr5t ,fre$om to ,build designation "u section #b = any competitive grant adm9i/]$ by ! ,dep>tm5t ( ,h\s+ & ,urban ,developm5t t relates to h\s+ developm5t1 community developm5t1 or any o!r competitive grant relat+ to ! con/ruction1 modification1 rehabilitation1 or pres]vation ( h\s+4 7c7 ,s5se ( congress ,x is ! s5se ( ,congress t ,f$]al ag5cies adm9i/]+ competitive grant programs = infra/ructure1 transportation1 & community developm5t1 includ+ ! ,dep>tm5t ( ,transportation1 ! ,environm5tal ,protection ,ag5cy1 & ! ,dep>tm5t ( ,agriculture1 %\ld consid] :e!r an applicant is locat$ 9 a locality ) a curr5t ,fre$om to ,build designation "u section #b z a positive factor 9 evaluat+ applications = su* grants :]e h\s+ supply or community developm5t is relevant to ! objectives ( ! program4