An Act to dramatically increase housing development, stimulate private sector investment in housing construction, reform financial regulations to unlock capital for housing projects, provide tax incentives for developers and homebuyers, streamline construction permitting, and establish a target of eight million new housing units by Anno Nortone 1747; among other purposes
The National Housing Acceleration Act, 1742 is comprehensive legislation passed during the 10th Cortes Federales that dramatically transformed Nouvelle Alexandrie's approach to housing development through market-oriented reforms, financial deregulation, and substantial tax incentives. Introduced by Secretary of Housing and Urban DevelopmentLauren Lefebvre, this legislation establishes an ambitious national goal of constructing eight million new housing units by 1747AN, representing the most significant housing initiative in the Federation's history.
The Act builds upon initial market-oriented housing reforms announced by Premier Juan Pablo Jimenez in 1741AN and 1742AN, expanding and codifying those initiatives while introducing additional measures to accelerate housing development across all regions of the Federation. The legislation addresses the severe housing shortage that developed following the East Keltian Collapse, when Nouvelle Alexandrie absorbed over 10 million Anahuacano and over 100,000 Norse refugees.
The Federation of Nouvelle Alexandrie faced a critical housing shortage that developed throughout the late 1730s and early 1740s, dramatically exacerbated by the massive refugee influx following the East Keltian Collapse. Housing costs in major cities rose by approximately 45% between 1737AN and 1739AN, placing unprecedented pressure on both rental and home purchase markets across the Federation.
Previous legislative efforts, including the Federal Housing Development Act, 1704 and the Housing and Urban Development Act, 1715, attempted to address housing shortages primarily through government-led construction initiatives and regulatory frameworks. While these approaches yielded modest results in specific regions, they failed to generate the scale of housing development needed to meet rapidly growing demand. The National Housing Expansion Act, 1718 introduced limited market incentives but maintained significant government controls that hampered private sector participation and restricted construction flexibility.
The housing crisis manifested differently across regions, creating diverse challenges requiring comprehensive federal intervention. Major urban centers in Alduria, the Wechua Nation, Santander, Valencia, and the Federal Capital District experienced extreme shortages and affordability challenges, with average housing costs consuming over 50% of median household income. Medium-sized communities struggled with inadequate housing stock to support economic growth and refugee integration, while rural areas contended with aging housing infrastructure and severely limited new construction capacity.
The Federal Humanist Party government, led by Premier Juan Pablo Jimenez, identified comprehensive market-based solutions as the most efficient approach to rapidly scale housing development. Initial reforms announced in 1742AN showed promising early results, with a 23% increase in housing starts in the Wechua Nation and improved affordability metrics in several medium-sized communities. This legislation sought to build on that momentum through a comprehensive approach addressing construction barriers, financing limitations, and homebuyer affordability simultaneously.
Key Provisions
The National Housing Acceleration Act contains several key provisions designed to stimulate housing construction and improve affordability:
Tax Incentives for Developers
Establishes a 10-year tax holiday for qualifying new housing developments;
Eliminates capital gains taxes on housing investments held for five or more years;
Creates accelerated depreciation schedules for rental property improvements.
Financial Market Reforms
Reduces reserve requirements for banks on construction loans;
Deregulates mortgage lending requirements while maintaining basic protections;
Creates a new framework for property-backed securities to increase investment capital;
Establishes a Housing Investment Trust to facilitate institutional investment.
Homebuyer Support Programs
Introduces a NAX€15,000 tax credit for first-time homebuyers earning under NAX€120,000 annually;
Creates a graduated phase-out system for higher incomes up to NAX€180,000;
Establishes a down payment assistance program for essential workers.
Permitting and Construction Reforms
Streamlines the construction permit process across all regions;
Creates a "fast-track" approval system for developments meeting specific criteria;
Reduces environmental review requirements for urban infill projects;
Establishes uniform building codes to reduce compliance costs.
Bill as submitted to the "Hopper" of the Federal Assembly, 1742 AN
NATIONAL HOUSING ACCELERATION ACT, 1742
THE READING OF
A
BILL
TO
Dramatically increase housing development, stimulate private sector investment in housing construction, reform financial regulations to unlock capital for housing projects, provide tax incentives for developers and homebuyers, streamline construction permitting, and establish a target of eight million new housing units by Anno Nortone 1747 (1747AN); among other purposes.
BE IT ENACTED by the King's Most Excellent Majesty, by and with the advice and consent of the Cortes Federales, in this present session assembled, and by the authority of the same, as follows:-
PART I GENERAL PROVISIONS.
Article 1: Citation.
This Act may be cited as the "National Housing Acceleration Act, 1742".
Article 2: Definitions.
For the purposes of this Act:
"Affordable Housing" means housing with costs that do not exceed 30% of the median household income in the relevant region;
"First-time Homebuyer" means an individual who has not owned a primary residence during the three-year period ending on the date of purchase of the property;
"Housing Development" means the construction of new residential structures containing one or more dwelling units;
"Housing Start" means the commencement of construction of a new housing unit, as evidenced by the pouring of a foundation or equivalent construction milestone;
"Housing Unit" means a house, apartment, group of rooms, or single room occupied or intended for occupancy as separate living quarters;
"Property-backed Securities" means financial instruments that derive their value from and are secured by a pool of residential real estate assets;
"Public Land" means land owned by any level of government within the Federation;
"Qualified Developer" means any entity registered with the Department of Housing and Urban Development for the purpose of constructing residential housing units;
"Tax Holiday" means a temporary reduction or elimination of a tax.
PART II NATIONAL HOUSING GOALS AND MONITORING.
Article 3: National Housing Development Goals.
There is hereby established a national goal to construct eight million (8,000,000) new housing units throughout the Federation of Nouvelle Alexandrie by Anno Nortone 1747 (1747AN).
The Department of Housing and Urban Development shall allocate regional construction targets based on population growth, housing needs assessments, and economic development forecasts.
Regional targets shall be reviewed and adjusted annually based on construction progress, demographic changes, and market conditions.
The Department shall maintain a public dashboard tracking progress toward the national housing goal, updated quarterly with data on housing starts, completions, and regional distribution.
Article 4: Housing Development Monitoring and Reporting.
All Qualified Developers shall report housing starts and completions to the Department on a quarterly basis.
The Department shall publish quarterly reports on housing development progress, including:
Total housing starts and completions nationwide;
Regional distribution of new housing units;
Progress toward the eight million unit goal;
Analysis of housing type distribution (single-family, multi-family, etc.);
Assessment of affordability metrics across regions.
The Department shall conduct an annual review of housing development policies and recommend adjustments to achieve the national goal.
PART III TAX INCENTIVES FOR HOUSING DEVELOPMENT.
Article 5: Developer Tax Holiday Program.
Qualified Developers shall be eligible for a ten-year tax holiday on federal income taxes derived from the development and initial sale or rental of qualifying new housing developments.
To qualify for the tax holiday, developments must:
Commence construction after the implementation date of this Act;
Consist of at least 10 housing units in urban areas or 5 housing units in rural areas;
Complete construction within three years of commencement;
Comply with all applicable building codes and regulations.
The tax holiday shall apply to income earned from the date of the first unit sale or rental and continue for ten years thereafter.
Article 6: Capital Gains Tax Elimination for Housing Investments.
Capital gains taxes shall be eliminated for investments in new housing developments when such investments are held for five or more years.
Qualifying investments include:
Direct investment in housing development projects;
Shares in property development companies primarily engaged in housing construction;
Units in real estate investment trusts focused on new housing development;
Bonds or other debt instruments specifically issued to fund new housing construction.
The Department of Treasury shall establish procedures for investors to document and claim the capital gains tax exemption.
This provision shall apply to investments made after the implementation date of this Act and before Anno Nortone 1747 (1747AN).
Article 7: Accelerated Depreciation for Rental Property Improvements.
Owners of rental housing properties shall be permitted to utilize accelerated depreciation schedules for improvements and renovations that increase housing quality or density.
Qualifying improvements include:
Conversion of single-family homes to multi-family units;
Energy efficiency upgrades that reduce utility costs by at least 20%;
Accessibility improvements for elderly or disabled residents;
Structural renovations that extend building lifespan by at least 20 years.
The accelerated depreciation schedule shall allow for full depreciation of qualifying improvements over a five-year period.
The Department of Treasury shall issue detailed guidelines on eligible improvements and required documentation within 90 days of this Act's implementation.
PART IV FINANCIAL MARKET REFORMS.
Article 8: Banking Reserve Requirements for Construction Lending.
The Federal Bank of Nouvelle Alexandrie shall reduce reserve requirements for commercial banks on construction loans for qualifying housing developments.
Reserve requirements for qualifying construction loans shall be reduced by 40% from current levels.
To qualify for reduced reserve requirements, construction loans must:
Finance developments that contribute to the national housing goal;
Include appropriate risk mitigation measures as defined by the Federal Bank;
Maintain compliance with all other banking regulations.
The Federal Bank shall monitor the impact of reduced reserve requirements on lending volumes and housing starts, providing quarterly reports to the Department of Housing and Urban Development.
Article 9: Mortgage Lending Requirement Reforms.
Mortgage lending requirements shall be reformed to increase access to home financing while maintaining appropriate consumer protections.
Revise debt-to-income ratio limitations for qualified borrowers;
Establish flexible down payment requirements based on borrower creditworthiness;
Create specialized mortgage products for first-time homebuyers and essential workers;
Streamline documentation requirements for mortgage applications.
Financial institutions shall be permitted to offer alternative qualification methods for borrowers with non-traditional income sources or limited credit history.
The Federal Bank shall establish regulatory guidelines to prevent predatory lending practices while implementing these reforms.
Article 10: Property-Backed Securities Framework.
There is hereby established a legal and regulatory framework for the creation and trading of property-backed securities to increase available capital for housing development.
The Trust shall establish investment criteria that prioritize projects contributing significantly to the national housing goal.
PART V HOMEBUYER SUPPORT PROGRAMS.
Article 12: First-Time Homebuyer Tax Credit.
First-time homebuyers shall be eligible for a tax credit of NAX€15,000 when purchasing a primary residence.
To qualify for the full tax credit, household income must not exceed NAX€120,000 annually.
The tax credit shall phase out gradually for households with incomes between NAX€120,000 and NAX€180,000 annually, as follows:
Income NAX€120,001-130,000: NAX€12,000 credit
Income NAX€130,001-140,000: NAX€9,000 credit
Income NAX€140,001-150,000: NAX€6,000 credit
Income NAX€150,001-160,000: NAX€4,000 credit
Income NAX€160,001-170,000: NAX€2,000 credit
Income NAX€170,001-180,000: NAX€1,000 credit
The tax credit may be claimed in the tax year of purchase or spread over two consecutive tax years.
The Department of Treasury shall establish procedures for claiming the tax credit and verifying first-time homebuyer status.
This program shall be available through Anno Nortone 1747 (1747AN) and is estimated to benefit up to 800,000 families.
Article 13: Down Payment Assistance for Essential Workers.
Essential workers shall be eligible for down payment assistance when purchasing a primary residence within reasonable commuting distance of their place of employment.
For the purposes of this Act, essential workers include:
Healthcare professionals;
Educators;
Law enforcement and emergency services personnel;
Public transportation workers;
Other categories as defined by Department regulations.
Eligible recipients may receive assistance of up to 10% of the home purchase price, not to exceed NAX€30,000.
Recipients must commit to residing in the home for at least five years or repay a prorated portion of the assistance.
Concurrent review by multiple regulatory agencies;
Preapproved designs and templates for common housing types;
Digital permitting platforms to reduce paperwork and processing time.
Regional governments shall implement these streamlining measures within 180 days of this Act's implementation.
The Department of Interior shall provide technical assistance and funding to support regional implementation of streamlined permitting processes.
Article 15: Fast-Track Approval System.
There is hereby established a Fast-Track Approval System for housing developments meeting specific criteria.
To qualify for fast-track approval, developments must:
Contribute at least 100 housing units in urban areas or 25 units in rural areas;
Include at least 15% affordable units or pay an equivalent fee to the Regional Affordable Housing Fund;
Utilize sustainable building practices as defined by Department regulations;
Locate within designated growth zones identified in regional development plans.
Fast-track approval shall guarantee permit processing within 60 days of application submission.
Regional governments shall designate specific personnel and resources to implement the fast-track approval system.
Developments receiving fast-track approval shall be exempt from certain discretionary reviews while maintaining compliance with essential health and safety standards.
Article 16: Environmental Review Modifications.
Environmental review requirements shall be modified for urban infill housing projects to reduce redundancy and accelerate development.
Modified review procedures shall apply to:
Projects on previously developed urban sites;
Developments within existing service areas for utilities and infrastructure;
Projects consistent with existing neighborhood density and character.
Categorical exclusions shall be established for certain housing development activities with minimal environmental impact.
Establish specific urban housing targets for each region;
Monitor progress toward urban housing goals;
Provide technical assistance to urban development projects.
Urban housing developments shall prioritize:
Transit-oriented locations;
Mixed-use design incorporating commercial and community spaces;
Pedestrian-friendly environments;
Efficient use of existing infrastructure.
The Department shall publish annual reports on urban housing development, identifying successful strategies and implementation challenges.
Article 21: Urban Housing Task Force.
There is hereby established an Urban Housing Task Force to identify and address barriers to housing development in major cities.
The Task Force shall:
Conduct comprehensive assessments of urban housing markets;
Identify regulatory, financial, and practical barriers to urban development;
Recommend policy solutions to overcome identified barriers;
Coordinate implementation of urban housing initiatives across government agencies.
The Task Force shall comprise representatives from federal and regional government agencies, private developers, financial institutions, and community organizations.
Effectiveness of individual provisions in stimulating housing development;
Regional variations in implementation and outcomes;
Economic impacts of the Act's provisions;
Recommendations for policy adjustments to improve effectiveness.
The review findings shall be submitted to the Council of State and the Cortes Federales, with specific recommendations for any necessary legislative amendments.
The Department shall conduct subsequent reviews every two years until Anno Nortone 1747 (1747AN).
This Bill shall not become law unless it has been given Royal Assent.
This Bill shall be published and made publicly available.
In the event any provision or part of this Bill is found to be invalid or unenforceable, only that particular provision or part so found, and not the entire Bill, will be inoperative.
Bill as amended by the Federal Assembly, 1743 AN
NATIONAL HOUSING ACCELERATION ACT, 1742
THE READING OF
A
BILL
TO
Dramatically increase housing development, stimulate private sector investment in housing construction, reform financial regulations to unlock capital for housing projects, provide tax incentives for developers and homebuyers, streamline construction permitting, and establish a target of eight million new housing units by Anno Nortone 1747 (1747AN); among other purposes.
BE IT ENACTED by the King's Most Excellent Majesty, by and with the advice and consent of the Cortes Federales, in this present session assembled, and by the authority of the same, as follows:-
PART I GENERAL PROVISIONS.
Article 1: Citation.
This Act may be cited as the "National Housing Acceleration Act, 1742".
Article 2: Definitions.
For the purposes of this Act:
"Affordable Housing" means housing with costs that do not exceed 30% of the median household income in the relevant region;
"First-time Homebuyer" means an individual who has not owned a primary residence during the three-year period ending on the date of purchase of the property;
"Housing Development" means the construction of new residential structures containing one or more dwelling units;
"Housing Start" means the commencement of construction of a new housing unit, as evidenced by the pouring of a foundation or equivalent construction milestone;
"Housing Unit" means a house, apartment, group of rooms, or single room occupied or intended for occupancy as separate living quarters;
"Property-backed Securities" means financial instruments that derive their value from and are secured by a pool of residential real estate assets;
"Public Land" means land owned by any level of government within the Federation;
"Qualified Developer" means any entity registered with the Department of Housing and Urban Development for the purpose of constructing residential housing units;
"Tax Holiday" means a temporary reduction or elimination of a tax.
PART II NATIONAL HOUSING GOALS AND MONITORING.
Article 3: National Housing Development Goals.
There is hereby established a national goal to construct eight million (8,000,000) new housing units throughout the Federation of Nouvelle Alexandrie by Anno Nortone 1747 (1747AN).
The Department of Housing and Urban Development shall allocate regional construction targets based on population growth, housing needs assessments, and economic development forecasts.
Regional targets shall be reviewed and adjusted annually based on construction progress, demographic changes, and market conditions.
The Department shall maintain a public dashboard tracking progress toward the national housing goal, updated quarterly with data on housing starts, completions, and regional distribution.
Article 4: Housing Development Monitoring and Reporting.
All Qualified Developers shall report housing starts and completions to the Department on a quarterly basis.
The Department shall publish quarterly reports on housing development progress, including:
Total housing starts and completions nationwide;
Regional distribution of new housing units;
Progress toward the eight million unit goal;
Analysis of housing type distribution (single-family, multi-family, etc.);
Assessment of affordability metrics across regions.
The Department shall conduct an annual review of housing development policies and recommend adjustments to achieve the national goal.
PART III TAX INCENTIVES FOR HOUSING DEVELOPMENT.
Article 5: Developer Tax Holiday Program.
Qualified Developers shall be eligible for a ten-year tax holiday on federal income taxes derived from the development and initial sale or rental of qualifying new housing developments.
To qualify for the tax holiday, developments must:
Commence construction after the implementation date of this Act;
Consist of at least 10 housing units in urban areas or 5 housing units in rural areas;
Complete construction within three years of commencement;
Comply with all applicable building codes and regulations.
The tax holiday shall apply to income earned from the date of the first unit sale or rental and continue for ten years thereafter.
Article 6: Capital Gains Tax Elimination for Housing Investments.
Capital gains taxes shall be eliminated for investments in new housing developments when such investments are held for five or more years.
Qualifying investments include:
Direct investment in housing development projects;
Shares in property development companies primarily engaged in housing construction;
Units in real estate investment trusts focused on new housing development;
Bonds or other debt instruments specifically issued to fund new housing construction.
The Department of Treasury shall establish procedures for investors to document and claim the capital gains tax exemption.
This provision shall apply to investments made after the implementation date of this Act and before Anno Nortone 1747 (1747AN).
Article 7: Accelerated Depreciation for Rental Property Improvements.
Owners of rental housing properties shall be permitted to utilize accelerated depreciation schedules for improvements and renovations that increase housing quality or density.
Qualifying improvements include:
Conversion of single-family homes to multi-family units;
Energy efficiency upgrades that reduce utility costs by at least 20%;
Accessibility improvements for elderly or disabled residents;
Structural renovations that extend building lifespan by at least 20 years.
The accelerated depreciation schedule shall allow for full depreciation of qualifying improvements over a five-year period.
The Department of Treasury shall issue detailed guidelines on eligible improvements and required documentation within 90 days of this Act's implementation.
PART IV FINANCIAL MARKET REFORMS.
Article 8: Banking Reserve Requirements for Construction Lending.
The Federal Bank of Nouvelle Alexandrie shall reduce reserve requirements for commercial banks on construction loans for qualifying housing developments.
Reserve requirements for qualifying construction loans shall be reduced by 40% from current levels.
To qualify for reduced reserve requirements, construction loans must:
Finance developments that contribute to the national housing goal;
Include appropriate risk mitigation measures as defined by the Federal Bank;
Maintain compliance with all other banking regulations.
The Federal Bank shall monitor the impact of reduced reserve requirements on lending volumes and housing starts, providing quarterly reports to the Department of Housing and Urban Development.
Article 9: Mortgage Lending Requirement Reforms.
Mortgage lending requirements shall be reformed to increase access to home financing while maintaining appropriate consumer protections.
Revise debt-to-income ratio limitations for qualified borrowers;
Establish flexible down payment requirements based on borrower creditworthiness;
Create specialized mortgage products for first-time homebuyers and essential workers;
Streamline documentation requirements for mortgage applications.
Financial institutions shall be permitted to offer alternative qualification methods for borrowers with non-traditional income sources or limited credit history.
The Federal Bank shall establish regulatory guidelines to prevent predatory lending practices while implementing these reforms.
Article 10: Property-Backed Securities Framework.
There is hereby established a legal and regulatory framework for the creation and trading of property-backed securities to increase available capital for housing development.
The Trust shall establish investment criteria that prioritize projects contributing significantly to the national housing goal.
PART V HOMEBUYER SUPPORT PROGRAMS.
Article 12: First-Time Homebuyer Tax Credit.
First-time homebuyers shall be eligible for a tax credit of NAX€15,000 when purchasing a primary residence.
To qualify for the full tax credit, household income must not exceed NAX€120,000 annually.
The tax credit shall phase out gradually for households with incomes between NAX€120,000 and NAX€180,000 annually, as follows:
Income NAX€120,001-130,000: NAX€12,000 credit
Income NAX€130,001-140,000: NAX€9,000 credit
Income NAX€140,001-150,000: NAX€6,000 credit
Income NAX€150,001-160,000: NAX€4,000 credit
Income NAX€160,001-170,000: NAX€2,000 credit
Income NAX€170,001-180,000: NAX€1,000 credit
The tax credit may be claimed in the tax year of purchase or spread over two consecutive tax years.
The Department of Treasury shall establish procedures for claiming the tax credit and verifying first-time homebuyer status.
This program shall be available through Anno Nortone 1747 (1747AN) and is estimated to benefit up to 800,000 families.
Article 13: Down Payment Assistance for Essential Workers.
Essential workers shall be eligible for down payment assistance when purchasing a primary residence within reasonable commuting distance of their place of employment.
For the purposes of this Act, essential workers include:
Healthcare professionals;
Educators;
Law enforcement and emergency services personnel;
Public transportation workers;
Other categories as defined by Department regulations.
Eligible recipients may receive assistance of up to 10% of the home purchase price, not to exceed NAX€30,000.
Recipients must commit to residing in the home for at least five years or repay a prorated portion of the assistance.
Concurrent review by multiple regulatory agencies;
Preapproved designs and templates for common housing types;
Digital permitting platforms to reduce paperwork and processing time.
Regional governments shall implement these streamlining measures within 180 days of this Act's implementation.
The Department of Interior shall provide technical assistance and funding to support regional implementation of streamlined permitting processes.
Article 15: Fast-Track Approval System.
There is hereby established a Fast-Track Approval System for housing developments meeting specific criteria.
To qualify for fast-track approval, developments must:
Contribute at least 100 housing units in urban areas or 25 units in rural areas;
Include at least 15% affordable units or pay an equivalent fee to the Regional Affordable Housing Fund;
Utilize sustainable building practices as defined by Department regulations;
Locate within designated growth zones identified in regional development plans.
Fast-track approval shall guarantee permit processing within 60 days of application submission.
Regional governments shall designate specific personnel and resources to implement the fast-track approval system.
Developments receiving fast-track approval shall be exempt from certain discretionary reviews while maintaining compliance with essential health and safety standards.
Article 16: Environmental Review Modifications.
Environmental review requirements shall be modified for urban infill housing projects to reduce redundancy and accelerate development.
Modified review procedures shall apply to:
Projects on previously developed urban sites;
Developments within existing service areas for utilities and infrastructure;
Projects consistent with existing neighborhood density and character.
Categorical exclusions shall be established for certain housing development activities with minimal environmental impact.
Establish specific urban housing targets for each region;
Monitor progress toward urban housing goals;
Provide technical assistance to urban development projects.
Urban housing developments shall prioritize:
Transit-oriented locations;
Mixed-use design incorporating commercial and community spaces;
Pedestrian-friendly environments;
Efficient use of existing infrastructure.
The Department shall publish annual reports on urban housing development, identifying successful strategies and implementation challenges.
Article 21:National Urban Housing Task Force.
There is hereby established a National Urban Housing Task Force to identify and address barriers to housing development in major cities.
The Task Force shall:
Conduct comprehensive assessments of urban housing markets;
Identify regulatory, financial, and practical barriers to urban development;
Recommend policy solutions to overcome identified barriers;
Coordinate implementation of urban housing initiatives across government agencies.
Each Task Force shall comprise representatives from federal and regional government agencies, private developers, financial institutions, and community organizations.
The National Urban Housing Task Force shall submit quarterly reports to the Department of Housing and Urban Development and the Council of State. Subordinate Urban Housing Task Forces shall submit quarterly reports to the Urban Housing Task Force above it.
The first comprehensive assessment and recommendations shall be published within 180 days of this Act's implementation.
The National Urban Housing Task Force shall have a Regional Urban Housing Task Force in every Region of the Federation, as well as a State Urban Housing Task Force in every State, and a City or Municipal Urban Housing Task Force in every city and municipality, as applicable. Each subordinate Urban Housing Task Force shall be similarly composed as the National Urban Housing Task Force.
Article 22: Urban Affordability Incentives.
Special incentives shall be established for developers including affordable units in urban housing projects.
Incentives shall include:
Density bonuses allowing additional units above baseline zoning;
Reduced parking requirements for transit-accessible developments;
Expedited permit processing for projects with significant affordable components;
Tax credits proportional to the percentage of affordable units provided.
To qualify for incentives, developments must maintain affordability commitments for at least 15 years.
Effectiveness of individual provisions in stimulating housing development;
Regional variations in implementation and outcomes;
Economic impacts of the Act's provisions;
Recommendations for policy adjustments to improve effectiveness.
The review findings shall be submitted to the Council of State and the Cortes Federales, with specific recommendations for any necessary legislative amendments.
The Department shall conduct subsequent reviews every two years until Anno Nortone 1747 (1747AN).
This Bill shall not become law unless it has been given Royal Assent.
This Bill shall be published and made publicly available.
In the event any provision or part of this Bill is found to be invalid or unenforceable, only that particular provision or part so found, and not the entire Bill, will be inoperative.