Bill Name: H.R. 3198 / S. 1614
Congressional sponsors: Brian Emanuel Schatz, Derek Kilmer, Todd Young, Tom Cotton
The Yes in My Backyard (YIMBY) Act encourages localities to eliminate discriminatory land use policies and remove barriers that prevent needed housing from being built around the country. The YIMBY Act achieves these goals by requiring Community Development Block Grant (CDBG) recipients to report periodically on the extent to which they are removing discriminatory land use policies and implementing inclusive and affordable housing policies detailed by the bill. The YIMBY Act increases transparency in land use, zoning, and housing decisions; sheds light on exclusionary polices; and ultimately encourage localities to eliminate barriers to much needed housing.
U.S GDP Growth associated with closing the underproduction gap