The Affordable Housing Expansion Act modifies federal wage requirements for affordable housing construction projects to make them more affordable to build. The bill updates how the government determines "prevailing wages" (minimum wages required on federally-funded construction) by allowing wage calculations based on broader geographic areas like metropolitan regions, not just individual counties, and by improving how wage surveys are collected. It also limits certain affordable housing projects to a single residential wage rate rather than multiple rates, potentially reducing costs. The bill creates a working group within the Labor Department to study how prevailing wage rules can be further streamlined for affordable rental housing, with recommendations due within one year. The legislation affects affordable housing developers, construction companies, and federal housing programs including those serving Native Americans and low-income families, with the aim of reducing construction costs to expand access to affordable housing.
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