A Federal Aviation Administration (FAA) proposal could negatively impact multifamily and other real estate development, as well as property values, around airports nationwide. Specifically, FAA is seeking to modify the policies that determine whether a building or other structure poses a hazard to navigable airspace in the context of an engine failure during take-off - known as “one engine inoperative” procedures. The changes could lead to more restrictive height limitations and additional zoning requirements for buildings near airports.
Acting under its existing statutory authority, the FAA has chosen to forego a full notice and comment regulatory process. So it is not clear whether they are fully considering the land use, transportation planning and economic consequences of the proposal.
NMHC/NAA joined with a diverse coalition of real estate stakeholders in a letter on June 9 that voices concern over the FAA proposal. The letter outlines support for bipartisan legislation in the House (H.R. 4623) that has been introduced requiring the agency to conduct a full analysis and develop a complete administrative record.
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