Michael will reduce these costs by expanding low-cost financing, making land available at below-market rates where appropriate, promoting faster development, smaller lots, and increased density, and supporting innovative construction methods.
Bennet promises to cut construction costs by expanding low-cost financing, making land available at below-market rates where appropriate, promoting faster development, smaller lots, and increased density, and supporting innovative construction methods.
Occurrences
Evidence
Michael will reduce these costs by expanding low-cost financing, making land available at below-market rates where appropriate, promoting faster development, smaller lots, and increased density, and supporting innovative construction methods.
Bennet co-sponsored the Neighborhood Homes Investment Act, which would create a federal tax credit to bridge the gap between the cost of building or renovating a home and the price at which it can be sold.
Michael F. Bennet is listed as a cosponsor of the More Homes on the Market Act, which would amend the tax code to increase the exclusion of gain from the sale of a principal residence.
Bennet said the bill would make housing more available and affordable by updating outdated tax rules so more homes can come on the market.
Assessments
The promise was to reduce construction costs through a package of housing-supply and development actions. The evidence shows Bennet supported related federal housing legislation, including cosponsoring the Neighborhood Homes Investment Act and the More Homes on the Market Act, but those actions were legislative attempts rather than enacted policy delivering the promised outcome. The cited bills also addressed only parts of the broader promise and did not establish that construction costs were actually cut through the listed mechanisms. Because he made serious related legislative efforts during his Senate term but the promised outcome was not delivered, this is best scored as not fulfilled with effort credit.