#USHouseMarketStructureDraft The term **"US House Market Structure Draft"** isn’t explicitly tied to a widely recognized legislative bill, policy proposal, or regulatory framework as of mid-2024. However, there are ongoing discussions, proposals, and reforms in the U.S. aimed at addressing structural challenges in the housing market. Below is a synthesized overview of key themes that such a draft or initiative might encompass, based on current debates and policy priorities:
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### **Potential Components of a U.S. Housing Market Structural Reform Draft**
1. **Affordable Housing Supply Expansion**
- **Zoning Reform**: Incentivizing states/localities to relax restrictive zoning laws (e.g., single-family-only zoning) to allow denser housing (e.g., duplexes, ADUs).
- **Funding for Construction**: Federal grants or tax credits to boost affordable housing development, targeting "missing middle" housing and low-income units.
2. **Financing and Mortgage Market Reforms**
- **First-Time Buyer Assistance**: Expansion of programs like down payment grants or tax credits (e.g., revival of the **First-Time Homebuyer Tax Credit**).
- **Fannie Mae/Freddie Mac Overhaul**: Potential reforms to the government-sponsored enterprises (GSEs) to improve mortgage accessibility while reducing taxpayer risk.
3. **Institutional Investor Regulation**
- **Limits on Corporate Buyers**: Proposals to restrict large investors (e.g., private equity firms) from purchasing single-family homes to curb market competition with individual buyers.
- **Tax Disincentives**: Higher property taxes or fees on non-owner-occupied residential properties.
4. **Rental Market Stabilization**
- **National Rent Control Framework**: Federal guidelines to cap rent increases in high-cost markets, paired with incentives for landlords to maintain affordable units.
- **Tenant Protection Laws**: Standardizing eviction protections and lease transparency nationwide.
5. **Climate Resilience and Housing**
- **Building Codes**: Mandates for climate-adaptive construction