More Than 50 Ideas, Policies, Proposals, Suggestions And Radical Notions To Fight The Affordable Housing Crisis
August 11, 2019 Dees Stribling, Bisnow National
The affordable housing crisis is at a fevered pitch. Nearly half of all U.S. renters are cost-burdened, paying more than 30% of after-tax income on housing and thus may have difficulty affording food, clothing, transportation and medical care. The Department of Housing and Urban Development estimates that 12 million households (renting and owning) pay more than 50% of their take-home income on housing each year.
What to do? There are a lot of ideas. Bisnow dug through the great mass of plans, hopes and dreams of government entities, the affordable housing industry, nonprofits, think tanks and observers to show the scale of what is being attempted or considered. The list isn't definitive; with a subject as complicated and thorny as this, there could be many more. Some are merely ideas, others newly enacted policies or rising private initiatives that aren't really tested yet...click here to read more.