
Build America Buy American: Housing Crunch
About this episode
The Build America Buy America law, aimed at boosting American manufacturing jobs, is causing significant challenges for affordable housing builders. The law requires all materials used in federal projects to be made in the U.S., but many items are cheaper overseas. The waiver process for exemptions is slow and unclear, leading to delays and increased costs for developers. This is causing a housing shortage, with seniors struggling to afford rent. Lawmakers are considering exemptions for housing funds to address the issue.
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Canada News Today | 2 Min News | The Daily News Now! — Build America Buy American: Housing Crunch. Machine-transcribed; use the interactive transcript above to jump the player to any line.
The Bill of America, by America Law, signed by President Joe Biden in 2021, pushes federal projects to use only American-made materials to. Boost manufacturing jobs, but it's creating big headaches for affordable housing builders who rely on government funds. Nearly all items from heating systems and lights to small fixtures like sink hooks must be made in the United States, even though most come from. Cheaper overseas sources. This can request waivers when products aren't available domestically, but the Department of Housing and Urban Development has been slow to, approve them. With staff cuts leaving the agency shorthanded, many applications sit for six months or more, stalling projects nationwide. Builders and residents fill the pinch hard. Developers report hundreds of thousands of dollars in extra costs for consultants and compliance checks, plus endless delays that mean fewer homes get. Built during a severe housing shortage. People like seniors on wait lists struggle with rising rents, scraping by on fixed incomes
just to stay housed. Even supporters of the law emit the waiver process needs fixing, with clearer rules and faster reviews like other agencies provide. Some developers are dodging federal money altogether, or scaling back to smaller projects exempt from the rules, especially in rural areas where US. Materials are scarce. Some makers are debating exemptions for housing funds to cut costs and speed things up, while industry groups say suppliers could ramp up production over time. As the affordable housing crunch deepens, pressure bills for changes that balance job creation with getting roofs over people's heads. That's your update from Canada News Today, powered by AI.
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