Affordable-Housing Hurdle: Homeowners Want Housing Prices to Go Up

Source: American Prospect
by David Dayen

“The activist groups Right to the City and the Center for Popular Democracy have new polling out showing a giant number of those surveyed (87 percent) believing that the cost of housing is a major or big problem, as well as significant support for their policy preferences: rent stabilization and more funding to build affordable-housing units. In Congress, Rep. Lisa Blunt Rochester (D-DE), who is about to become a senator, and Sen. John Fetterman (D-PA) released a bill based on their preferences: helping communities roll back restrictive zoning requirements by establishing federal standards and guidelines, along with a relatively modest set of grants for housing development. Regardless of what framework you think makes the most sense, tackling the housing shortage in America is an imperative to tame the cost of living, promote community development, reduce financial stress, and even reduce carbon emissions.” (06/07/24)