https://www.foxnews.com/politics/obama-era-mandate-slashed-being-blamed-skyrocketing-housing-costsFIRST ON FOX: In a bid to tackle the nation’s housing affordability crisis, the Trump administration has scrapped a controversial Obama-era mandate blamed for driving up property costs and stifling the affordable housing supply.
The Department of Housing and Urban Development (HUD), alongside the Department of Justice, jointly rescinded an Obama-era policy that allowed third parties to file accessibility-related complaints over original building design flaws indefinitely, putting subsequent building owners on the hook for millions of dollars years after a project is completed, even if they were not the original builders.
According to internal agency data, the previous policy forced property owners to spend more than $112 million in accessibility retrofits over the last five years just to qualify for Federal Housing Administration (FHA) refinancing—costs that HUD says directly choked off affordable housing supply.
Good! Why did it take this long? everything that idiot did is probably causing chaos.
