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Regulations driving up housing costs and stifling development

September 11, 2024 | Transportation and Infrastructure: House Committee, Standing Committees - House & Senate, Congressional Hearings Compilation, Legislative, Federal


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Regulations driving up housing costs and stifling development
During a recent government meeting, significant concerns were raised regarding the impact of regulatory exemptions on farmers and the housing market. A participant highlighted misconceptions surrounding the Clean Water Act, asserting that the exemptions available to farmers are not as clear as often portrayed. This lack of clarity, they argued, is detrimental to farmers who are struggling to navigate the regulatory landscape.

The discussion shifted to the financial burdens imposed by regulations on home construction. A representative provided insights into the costs associated with mitigation efforts in Ohio, where applicants typically face a mitigation ratio of two to one for any environmental impact. For instance, a project requiring less than half an acre of impact necessitates the mitigation of one full acre, costing approximately $70,000 on average. This figure does not account for additional expenses related to hiring legal and environmental professionals, which can further escalate costs.

The representative emphasized that these upfront costs are often prohibitive, leading many potential projects to be abandoned before they even reach the permit submission stage. This situation is particularly concerning in the context of the ongoing affordable housing crisis, as the same regulations intended to protect the environment are perceived to hinder the availability of affordable housing options.

The meeting underscored the need for clearer regulatory guidelines and a reevaluation of the balance between environmental protection and economic feasibility, particularly for farmers and home builders.

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