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    AZBEX
    Home»Budgets & Funding»Funding Bill Includes Money to Fight NIMBYism
    Budgets & Funding

    Funding Bill Includes Money to Fight NIMBYism

    BEX StaffBy BEX StaffDecember 30, 2022No Comments1 Min Read
    Credit: Multifamily Executive
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    The recently passed $1.7B bill to fund the federal government through Sept. 30, 2023 includes $85M for the Department of Housing and Urban Development’s “Yes in My Back Yard” incentive program to help communities eliminate exclusionary housing policies – including density restrictions, restrictive parking requirements and zoning restrictions and other complications – that can impede new housing development.

    The YIMBY program was advocated by the National Apartment Association and the National Multifamily Housing Council.

    The grant program is intended to fund local community efforts to update zoning codes and foster community engagement in support of new development.

    That national funding bill also authorizes $58.2B for HUD programs like multifamily lending, rental assistance and grant programs. There is also a $130M increase in funding for Section 8 Housing Choice vouchers, which is enough to support 12,000 additional vouchers. (Source)

    affordable housing Department of Housing and Urban Development discrimination HUD multifamily lending National Apartment Association National Multifamily Housing Council NIMBY rental assistance Yes in my back yard YIMBY zoning restrictions
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