A report released by the National League of Cities (NLC) recommends the federal government increase funding and modernize policies in order to tackle the affordable housing crisis.
From Route Fifty:
The report suggests the federal government appropriate $30 billion in funding for affordable housing, including $15 billion for the public housing capital program, and split the remaining $15 billion between various local grants and the national Housing Production Trust Fund.
Local lawmakers said one of the most pressing needs for federal involvement is the expansion and modernization of public housing. Speaking at a National League of Cities event on Tuesday, Washington, D.C. Mayor Muriel Bowser said the federal government needs a new paradigm for public housing.
The article also mentions a recent survey by ATTOM Data Solutions of 480 counties which found that the median home price in 74% of those counties was not affordable to that counties average wage earner.
In addition to providing recommendations for action, the NLC report also highlights what cities have been doing to address affordable housing issues.
For more information:
Affordable Housing Can’t Just Be a Local Priority, City Leaders Say (Route Fifty)
Homeward Bound: The Road to Affordable Housing (NLC)
Median-Priced Homes Not Affordable for Average Wage Earners in 74 Percent of U.S. Housing Markets (ATTOM Data Solutions)
Learn more about local efforts to address affordable housing at the 2019 MACo Summer Conference session, “Breaking Barriers and Building Consensus Around Affordable Housing” which will be held on Friday, August 16, from 1:00 pm – 2:00 pm.
The MACo Summer Conference will be held August 14-17, 2019 at the Roland Powell Convention Center in Ocean City, Maryland. This year’s conference theme is “Winds of Change.”
Learn more about MACo’s Summer Conference:
