Bipartisan Group Recommends Changes to Federal Housing Policy

Politico convened a group of 14 bipartisan business leaders, thinkers and policymakers to explore barriers to opportunity in America. Three of their nine recommendations focus on housing:  prioritize internet connectivity, ease zoning restrictions in some cities and rethink housing rehabilitation policies in other cities. While the federal government has little influence over local zoning decisions, the report suggests “tying job creation incentives to increasing housing density might be one way to encourage the construction of more affordable housing.” For communities with a high amount of vacant housing, they suggest tweaking the Low Income Housing Tax Credit to make it more viable for properties that only need light to moderate rehabilitation.