{"id":22876,"date":"2023-11-01T14:45:46","date_gmt":"2023-11-01T14:45:46","guid":{"rendered":"https:\/\/www.anthonydidonato.net\/wordpress\/?p=22876"},"modified":"2023-11-01T14:45:47","modified_gmt":"2023-11-01T14:45:47","slug":"collaboration-key-to-solving-housing-crisis","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/collaboration-key-to-solving-housing-crisis\/","title":{"rendered":"Collaboration Key to Solving Housing Crisis"},"content":{"rendered":"\n

Though the current housing crisis was decades in the making, all levels of government and the private sector can work together now to ease the burden on consumers and increase housing availability, affordability, and accessibility. This was the message Tuesday from experts during a webinar hosted by national think tank Third Way(link is external)<\/a> called \u201cA Look Ahead: Fixing the Housing Crisis.\u201d<\/p>\n\n\n\n

Chronic underbuilding has contributed to housing supply issues across the board. Affordable housing is especially scarce, putting greater strain on moderate-income and first-time home buyers. Housing production is 4 million to 5 million units below where it needs to be to meet demand, said Erika Poethig, special assistant to President Joe Biden for housing and urban policy. Supply chain and labor issues have played a part in building woes in recent years, said Poethig, but a lack of land is perhaps an even greater stumbling block. State and local governments can work to address zoning and land-use issues in their own backyards, she said, and the Biden administration is working to incentivize inclusionary zoning and land use that promotes higher-density housing. \u201cLand use and zoning reform is essential to boost safe, affordable housing supply,\u201d said Poethig.<\/p>\n\n\n\n

She noted that the administration is also undertaking executive actions, recently issuing an order that pledges 100,000 new rental units over the next three years. So far, 10,000 units have been created.<\/p>\n\n\n\n

Student loan debt is an additional burden for younger home buyers and people of color\u2014an issue highlighted in the National Association of REALTORS\u00ae\u2019 2022 Snapshot of Race and Home Buying in America<\/a>\u2014said Bryan Greene, the association\u2019s vice president of policy advocacy. In February, NAR\u2019s research team released a report, The Double Trouble of the Housing Market<\/a>, which explores the effects of record-high home prices and record-low inventory on the market. \u201cConsumers are struggling to achieve what their parents achieved,\u201d said Greene. \u201cOverall, we need to advocate that [housing] is a national priority.\u201d<\/p>\n\n\n\n

NAR is considering the following policy proposals to boost supply and make homeownership more broadly available:<\/p>\n\n\n\n