Jenny Schuetz’s recent Brookings Institute article gives a broad overview of proposed legislation around the country for solving the housing affordability crisis in America. Schuetz argues that the legislative proposals are only partial fixes and gives several recommendations for federal, state, and local governments for addressing the housing issue:
- Policies should treat homeowners and renters similarly, rather than benefit homeowners alone.
- Address excessive zoning issues in high demand markets to facilitate supply growth.
- Provide more comprehensive assistance to the poorest families
- Address policies not directly related to housing including investments in human capital, infrastructure, and economic development.