Akhoundi is also widely accredited for drafting Iran's privatization bill known as Article 44 of the constitution.[5] In 2011, he wrote a set of advised amendments to Article 44 published by Chamber of Commerce Industries and Mines, none of which have been implemented. During his time as the minister he founded the Construction Engineering Organization, the NGO responsible for the standardization of construction in Iran. Akhoundi served as Minister of Housing and Urban Development from 1993 to 1997 in the cabinet of Akbar Hashemi Rafsanjani.
He was chosen for the ministry of Roads and Urban Development by the newly elected President Hassan Rouhani, he needed to gain a vote of confidence from the Iranian Parliament before taking office. He was approved to take office on 15 August winning 159 from a possible 284 votes. He was also Head of the Iranian Housing Fund Charity for 8 years.