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A well-designed economic stimulus program can make a big difference in this challenging economic environment. While most attention focuses on federal efforts, the reality is that state and local governments, working with the private sector, can also have a significant impact. NAHB has developed a range of economic stimulus options for state and local leaders to consider.
Impact Fee Relief
Reducing and waiving impact and/or development fees is often used to stimulate local economies.
Infrastructure Finance Options
Infrastructure finance alternatives, such as special assessment districts, public/private partnerships and tax increment financing, can spur economic development.
Mortgage Assistance
By keeping homes off the glutted market, mortgage assistance programs can help prevent further declines in home values in local markets.
Tax Credit Programs
A tax credit for the purchase can stimulate economic growth because each home purchase leads to significant expenditures in the local economy.
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