U.S. Launches Federal Land Initiative to Address Housing Shortage
HUD and Interior Department announce task force to repurpose underutilized federal lands for affordable housing development.
- The Departments of Housing and Urban Development (HUD) and Interior (DOI) have established a task force to identify federal lands suitable for affordable housing projects.
- The initiative aims to address the U.S. shortfall of 7 million affordable homes by focusing on lands near metropolitan areas with significant housing needs.
- Regulatory processes, including environmental reviews and land transfer protocols, will be streamlined to expedite housing development.
- The task force will collaborate with state and local governments to tailor housing programs to specific community needs while balancing environmental considerations.
- This effort, described as one of the largest housing initiatives in U.S. history, builds on bipartisan interest in leveraging federal lands for residential development.