A Federal Housing Policy Agenda In advance of tomorrow’s election, the bipartisan National Housing Crisis Task Force just released its Federal Housing Policy Agenda: https://lnkd.in/eNWqFA9F The Task Force, cochaired by Utah Governor Spencer Cox, Atlanta Mayor Andre Dickens, Cleveland Mayor Justin M. Bibb and Fifth Third Bank’s Susan Thomas, has put forward a plan that is both far-reaching and actionable. In the end, the Agenda boils down to three things: First, the federal government must organize itself differently. Currently, the U.S. Department of Housing and Urban Development is only one of many federal agencies that touch the housing crisis. Everyone is in charge; no one is in charge. The Task Force calls for a White House Housing Crisis Council to bring a unified approach across the fragmented federal government. Top order of business: set ambitious production goals for the nation. Second, the federal government must substantially boost the production and preservation of housing. The Task Force makes a slew of sensible recommendations to make cheap financing available, lower the cost of construction, remove regulatory and administrative burdens and treat housing as industrial policy. These recommendations, if implemented, would make a serious dent in the nation’s housing crisis, producing more than 750,000 new housing units/year. Finally, the federal government must take bold action to provide a housing safety net. Here again, the Task Force recommends concrete steps to mitigate rent burdens on low income households and address the disturbing rise in homelessness in communities across the country. All of this is summarized by Benjamin Preis, Michael Saadine and I here: https://lnkd.in/e_ze--7S The Task Force has been organized by Accelerator for America and the Nowak Metro Finance Lab at Drexel University. The time for housing deliberation is over; the time for housing action has begun.
restoring the historic tax credit to pre-1986 levels, and advocating for ADU's, missing middle zoning reform, and the reduction/elimination of parking mandates (and double stairwells for multi-family buildings up to so many units) would be a good start I should think. plus, these policies have the benefit of A) having already been tried and tested in the market, and B) spending very little in federal dollars.
Amazing -- Cuby is ready to respond!
Making change on infrastructure policy
3 周Great to see this Bruce. Would like to connect in my new role at Arnold Ventures starting next week.