National Homebuilding Drive: Difference between revisions
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== Background == | == Background == | ||
The [[1757 Alexandrium market crash]] and the [[Recession of 1757]] that followed it | The [[1757 Alexandrium market crash]] and the [[Recession of 1757]] that followed it bore on housing less than on the rest of the economy. The housing affordability index, which measures prices and rents against incomes, held up through the downturn, edging up from 99.4 at the close of {{AN|1757}} to 101.3 at the close of {{AN|1758}}.<ref name="dash1757">[[NBC Newsfeed/1757#Nouvelle_Alexandrie_Economic_Dashboard_(Month_XV,_1757)|"Nouvelle Alexandrie Economic Dashboard (Month XV, 1757)"]], ''NBC Newsfeed'', 28.XV.{{AN|1757}}.</ref><ref name="dash1758">[[NBC Newsfeed/1758#Nouvelle_Alexandrie_Economic_Dashboard_(Month_XV,_1758)|"Nouvelle Alexandrie Economic Dashboard (Month XV, 1758)"]], ''NBC Newsfeed'', 28.XV.{{AN|1758}}.</ref> The Government of the day answered the recession with the [[Economic Emergency and Recovery Act, 1758]], a package of employment protection, regional support, and homebuilding financed by borrowing, of which the Drive was the housing measure.<ref name="nbcpackage">[[NBC Newsfeed/1758#NAX€750_BILLION_TO_FIGHT_THE_RECESSION,_MOST_OF_IT_BORROWED|"NAX€750 billion to fight the recession, most of it borrowed"]], ''NBC Newsfeed'', 6.XV.{{AN|1758}}.</ref><ref name="eera">[[Economic Emergency and Recovery Act, 1758]], articles 4, 5, and 7.</ref> | ||
== Establishment == | == Establishment == | ||
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The Drive was contested in the [[New Alexandrian general election, 1759]], which was fought in part on housing. The [[Alliance for a Just Nouvelle Alexandrie]], then in opposition under [[Marcos Ferreira Gonçalves]], called the program an undelivered promise, while the Government's Secretary of Housing answered that the Drive was already building and that the opposition's rival [[Housing Justice Act, 1757]] would undo a reform barely in force.<ref name="nbccampaign" /> Whether the recovery had reached the producing interior or only the coastal cities was among the central issues of the election.<ref name="nbctwospeed">[[NBC Newsfeed/1759#BOUCHARD'S_COALITION,_WHICH_HOLDS_MONTERO'S_MAJORITY,_ASKS_WHETHER_THE_RECOVERY_REACHED_PIRIYA_OR_ONLY_PUNTA_SANTIAGO|"Bouchard's coalition asks whether the recovery reached Piriya or only Punta Santiago"]], ''NBC Newsfeed'', 24.VII.{{AN|1759}}.</ref> | The Drive was contested in the [[New Alexandrian general election, 1759]], which was fought in part on housing. The [[Alliance for a Just Nouvelle Alexandrie]], then in opposition under [[Marcos Ferreira Gonçalves]], called the program an undelivered promise, while the Government's Secretary of Housing answered that the Drive was already building and that the opposition's rival [[Housing Justice Act, 1757]] would undo a reform barely in force.<ref name="nbccampaign" /> Whether the recovery had reached the producing interior or only the coastal cities was among the central issues of the election.<ref name="nbctwospeed">[[NBC Newsfeed/1759#BOUCHARD'S_COALITION,_WHICH_HOLDS_MONTERO'S_MAJORITY,_ASKS_WHETHER_THE_RECOVERY_REACHED_PIRIYA_OR_ONLY_PUNTA_SANTIAGO|"Bouchard's coalition asks whether the recovery reached Piriya or only Punta Santiago"]], ''NBC Newsfeed'', 24.VII.{{AN|1759}}.</ref> | ||
Through {{AN|1759}} the housing affordability index reported in the recovery dashboard fell | Through {{AN|1759}} the housing affordability index reported in the recovery dashboard fell from 101.3 to 98.1, and housing affordability was the household indicator that worsened as the wider economy stalled.<ref name="dash1758" /><ref name="dash1759">[[NBC Newsfeed/1759#Nouvelle_Alexandrie_Economic_Dashboard_(Month_XV,_1759)|"Nouvelle Alexandrie Economic Dashboard (Month XV, 1759)"]], ''NBC Newsfeed'', 28.XV.{{AN|1759}}.</ref><ref name="nbcyearend">[[NBC Newsfeed/1760#THE_FEDERAL_ACCORD_INHERITS_A_FROZEN_NAX€200_BILLION_AND_THE_BUDGET_FIGHT_TO_RELEASE_IT|"The Federal Accord inherits a frozen NAX€200 billion and the budget fight to release it"]], ''NBC Newsfeed'', 14.I.{{AN|1760}}.</ref> | ||
== See also == | == See also == | ||
Revision as of 19:39, 16 October 2026
| National Homebuilding Drive | |
| Formed | 1758 AN |
|---|---|
| Type | Federal housing-construction program |
| Jurisdiction | Nouvelle Alexandrie |
| Headquarters | Cárdenas, Federal Capital District |
| Annual budget | NAX€150 billion (recovery appropriation, 1758 AN) |
| Secretary of Housing and Urban Development | Mayani Guacanagari |
| Parent agency | Department of Housing and Urban Development |
| Footnotes | Established as an emergency authority of the Economic Emergency and Recovery Act, 1758; that authority lapsed at the close of 1759 AN, and its continuation is before the 14th Cortes Federales. |
The National Homebuilding Drive is a federal housing-construction program of Nouvelle Alexandrie, established by the Economic Emergency and Recovery Act, 1758 to build not fewer than 500,000 new homes in answer to the housing shortage that accompanied the Recession of 1757. Administered by the Department of Housing and Urban Development, the Drive builds through grants and loan guarantees to the Regions, to municipalities, and to approved public and private builders rather than through a federal construction agency of its own.
The Drive was created as an emergency authority of the recovery Act and expired at the close of 1759 AN by that Act's own terms. Its continuation is before the 14th Cortes Federales in the first legislative program of the Government of the Federal Accord: the General Appropriations and Taxation Act, 1760 carries the program forward under the standing budget, and the National Housing Reform and Expansion Act, 1760 would place it on a permanent footing and direct a greater share of its building to the interior and the producing Regions.
Background
The 1757 Alexandrium market crash and the Recession of 1757 that followed it bore on housing less than on the rest of the economy. The housing affordability index, which measures prices and rents against incomes, held up through the downturn, edging up from 99.4 at the close of 1757 AN to 101.3 at the close of 1758 AN.[1][2] The Government of the day answered the recession with the Economic Emergency and Recovery Act, 1758, a package of employment protection, regional support, and homebuilding financed by borrowing, of which the Drive was the housing measure.[3][4]
Establishment
Article 7 of the recovery Act established the Drive as a program of the Department of Housing and Urban Development, funded within the sums directed to it under the Act, and set its target at not fewer than 500,000 new homes, the greater part of them suited to families and of not fewer than three habitable rooms.[4] The homes were to be built at scale in the cities of the Federation, through grants and loan guarantees to the Regions, to municipalities, and to approved builders.[4] The Act directed NAX€150 billion to the Drive within its wider appropriation, met by borrowing.[4]
The Act paired the building program with measures to speed it and to widen its benefit. A federal permit for a project under the Drive that was neither granted nor refused with written reasons within sixty days was deemed granted; the program was to draw its labor in part from the workers carried on short-time support under the same Act; a share of the homes was reserved with priority to young and growing families; and the Department was to report each quarter on the homes started and completed and on the workers employed.[4]
Administration
The Drive is administered by the Department of Housing and Urban Development and carried out through the Department's existing offices, including its Federal Housing Construction Authority, rather than through a new federal agency. Begun under the previous Government, the program passed with the change of government after the 1759 general election to the Government of the Federal Accord, in which the Department is held by the Secretary of Housing and Urban Development, Mayani Guacanagari.[5]
Lapse and continuation
The Drive was one of the emergency authorities of the recovery Act that expired at the close of 1759 AN unless the Cortes Federales renewed them; the grants, guarantees, and commitments already made under it were preserved.[4] Its continuation became a matter for the incoming Government of the Federal Accord, which made housing one of its first economic priorities and tied it to the Alliance's People's Deal platform.[6]
Two bills of the Government's first legislative program carry the Drive forward, both introduced in the 1760 AN sitting of the 14th Cortes Federales and, as of their introduction, before the Cortes rather than in force. The General Appropriations and Taxation Act, 1760 continues the Drive toward its target of 500,000 homes under the standing budget and raises the appropriation of the Department of Housing and Urban Development to carry the housing program.[7] The National Housing Reform and Expansion Act, 1760 would place the Drive on a standing footing in place of the lapsed emergency authority and hold its target unchanged, while directing that not less than two-fifths of the homes built in any year be built in the interior and the producing Regions, whose recovery had lagged the coast, and setting a further target of not fewer than 50,000 public, cooperative, and community-owned homes a year.[8]
Reception
The Drive was contested in the New Alexandrian general election, 1759, which was fought in part on housing. The Alliance for a Just Nouvelle Alexandrie, then in opposition under Marcos Ferreira Gonçalves, called the program an undelivered promise, while the Government's Secretary of Housing answered that the Drive was already building and that the opposition's rival Housing Justice Act, 1757 would undo a reform barely in force.[5] Whether the recovery had reached the producing interior or only the coastal cities was among the central issues of the election.[9]
Through 1759 AN the housing affordability index reported in the recovery dashboard fell from 101.3 to 98.1, and housing affordability was the household indicator that worsened as the wider economy stalled.[2][10][11]
See also
- Economic Emergency and Recovery Act, 1758
- National Housing Reform and Expansion Act, 1760
- General Appropriations and Taxation Act, 1760
- Department of Housing and Urban Development (Nouvelle Alexandrie)
- Housing Justice Act, 1757
- Recession of 1757
References
- ^ "Nouvelle Alexandrie Economic Dashboard (Month XV, 1757)", NBC Newsfeed, 28.XV.1757 AN.
- ^ a b "Nouvelle Alexandrie Economic Dashboard (Month XV, 1758)", NBC Newsfeed, 28.XV.1758 AN.
- ^ "NAX€750 billion to fight the recession, most of it borrowed", NBC Newsfeed, 6.XV.1758 AN.
- ^ a b c d e f Economic Emergency and Recovery Act, 1758, articles 4, 5, and 7.
- ^ a b "AJNA puts housing at the center of the campaign and moves to revive the tabled Housing Justice Act", NBC Newsfeed, 11.VII.1759 AN.
- ^ Federal Accord coalition agreement, 1759.
- ^ General Appropriations and Taxation Act, 1760, articles 20 and 28.
- ^ National Housing Reform and Expansion Act, 1760, articles 6, 7, and 8.
- ^ "Bouchard's coalition asks whether the recovery reached Piriya or only Punta Santiago", NBC Newsfeed, 24.VII.1759 AN.
- ^ "Nouvelle Alexandrie Economic Dashboard (Month XV, 1759)", NBC Newsfeed, 28.XV.1759 AN.
- ^ "The Federal Accord inherits a frozen NAX€200 billion and the budget fight to release it", NBC Newsfeed, 14.I.1760 AN.
