How State and Local Governments are Responding to the Affordability Crisis
The country is in the midst of a housing affordability crisis. As our recent State of the Nation’s Housing report points out, cost burdens remain near record highs for low-income households, and burdens are growing for households higher up the income scale as well, which has added to the growing throng demanding action on affordability. With limited federal action, voters and policymakers in many states and localities are taking action to improve affordability in their jurisdictions. This has resulted in a predictably varied landscape of state and local policies, the most recent of which fall into three broad areas: funding for more affordable housing, regulation reform to allow more housing, and funding to provide services for those hurt most by the lack of affordability.