Wetlands, Rental Rules Caught in Freeze

March 1, 2001

Federal regulations important to the real estate community got caught up in President Bush’s review of last-minute Clinton administration changes.

The review, one of Bush’s first actions as president, institutes a 60-day delay on publication and the effective date of federal rules, enabling new administration officials to put their stamp on the measures.

Among the affected rules are tougher restrictions on the dredged material that developers can discharge in wetlands and heightened prohibitions on the construction of roads in U.S. Forest Service lands.

NAR is hoping the Bush administration will take a hard look at the impact of the two measures, both of which NAR opposes.

Also on hold are rules governing allocation of federal Section 8 rental housing assistance, enforcement of public and assisted housing standards, and fiscal 2001 HUD program funding procedures.

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