RISMedia (10/13/08)
National Association of Home Builders Chairman Sandy Dunn urges state and local governments to consider innovative ideas to help shore up the slumping housing market. Dunn remarks, "While the federal government has stepped forward with a series of emergency actions to stabilize and restore confidence in the financial markets, it's now time for the same sort of innovative thinking at the local and state levels where public officials are grappling with budget shortfalls that are putting a squeeze on spending for everything from schools to public safety and other essential services." Such creative thinking could range from temporarily foregoing impact fees on new development to allowing higher density zoning to build more affordable housing. Dunn concludes that it is also vital that cities and counties extend existing zoning approvals while builders secure financing for new projects.
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