The Yes In My Backyard Act, also known as Bill 118 hr 3507, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address the ongoing housing crisis in the United States by incentivizing local governments to eliminate restrictive zoning laws that limit the construction of new housing.
The bill aims to encourage local governments to adopt more inclusive zoning policies that allow for the development of affordable housing units in all neighborhoods, not just in designated low-income areas. By doing so, the Yes In My Backyard Act seeks to increase the supply of housing and make it more accessible to individuals and families of all income levels.
One of the key provisions of the bill is the establishment of a grant program that would provide funding to local governments that take steps to reform their zoning laws and increase housing density. This funding would be used to support the planning and implementation of new housing projects, as well as to provide assistance to low-income individuals and families seeking affordable housing options.
Additionally, the Yes In My Backyard Act includes measures to streamline the permitting process for new housing developments and to reduce regulatory barriers that often hinder the construction of affordable housing. By making it easier for developers to build new housing units, the bill aims to increase the overall supply of housing and help alleviate the affordability crisis facing many communities across the country.
Overall, the Yes In My Backyard Act is a comprehensive piece of legislation that seeks to address the housing crisis in the United States by promoting the development of affordable housing units in all neighborhoods. If passed, this bill has the potential to make a significant impact on the availability of housing for individuals and families of all income levels.