Despite the Trump administration’s ongoing regulatory rollback, government regulations still make up more than 30% of the cost of multifamily building, according to a newly released study from the National Association of Home Builders and the National Multifamily Housing Council.
According to the report, 90% of multifamily developers incur costs from delays caused by long approval processes, stringent construction requirements, building code changes and OSHA requirements.
These costs come from various governmental sources and range from zoning requests and affordable housing requirements to community fees such as utility hook up and impact fees.
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