U.S. Senators Todd Young and Jacky Rosen introduced a bill on Mar. 30 that aims to increase the housing supply and lower costs by supporting small businesses in the housing sector.
The Boosting Housing Supply through Small Business Act would require the Small Business Administration and the Department of Housing and Urban Development to develop an interagency plan. This plan would identify gaps in assistance, as well as opportunities to streamline counseling and lending for homebuilders, contractors, and home improvement businesses.
“We need to find innovative ways to increase the number of affordable homes in Indiana and across the country,” said Senator Todd Young. “Our bill will reduce barriers for small businesses involved in the housing industry, which will help increase housing supply and affordability for all Americans.”
Senator Jacky Rosen said, “As housing prices continue to skyrocket across the country, I’m doing everything I can to lower housing costs through different approaches. By supporting small businesses in the housing industry, we have the opportunity to boost the housing supply and lower costs, making the dream of buying a home for hardworking Americans a possibility. I’m proud to introduce this bipartisan bill to do just that, and I’ll keep working to lower costs for Nevada families.”
Young has served as an intelligence officer in the U.S. Marine Corps before being honorably discharged as a captain after ten years of service according to his official website. He graduated with honors from the United States Naval Academy and holds several advanced degrees including an MBA from the University of Chicago according to his official website. Young also serves on committees overseeing finance, commerce science and transportation, small business and entrepreneurship, as well as intelligence; he has promoted conservative policies focused on economic growth and national security according to his official website.
He supports constituents throughout Indiana via offices located in Indianapolis, New Albany, Fort Wayne, Valparaiso, and Washington according to his official website, where he works closely with communities while promoting solutions rooted in conservative principles according to his official website. Young lives with his wife Jenny and their four children in Johnson County according to his official website.
The introduction of this legislation highlights ongoing efforts at both federal policy levels aimed at addressing nationwide concerns about affordable housing access.
