A set of proposed policies would give tax relief to homebuyers and owners, but experts say a mismatch between supply and demand remains at the root of the crisis.
The Biden administration is proposing several actions to improve housing affordability, including a pair of new tax credits, report Bryan Mena and Anna Bahney for CNN. The credits would include a $10,000 credit for middle-class home buyers and a $10,000 credit for existing homeowners who sell their ‘starter homes’ at a price below the local median.
“Rent is 30% higher today than it was before the pandemic, and home prices are now more than 40% higher.” Meanwhile, the nation faces a shortage of between 1.5 million and 7.2 million homes, signaling that policies that address demand do little to impact the low supply of housing.
According to a report from the Federal Reserve, “In the long term, despite a surge in construction in late 2020 and 2021, it appears that a variety of factors — including zoning and other regulatory hurdles — have prevented construction from keeping up with underlying demand, resulting in a gross housing vacancy rate that is at a historical low.”
FULL STORY: Biden says he can fix America’s housing affordability crisis. Will it work?
Minnesota Seeks State Support for Office Conversions
The 30% “CUB credit” would support the conversion of buildings 15 years or older into any use that “will return that vacant area to an income-producing, habitable condition.”
Fannie Mae Economists Predict Slow Housing Market in 2025
A December report forecasts a continued “lock-in effect” due to high mortgage rates and a low production of multifamily housing.
Report: How Billionaire Buyers Are Making the Housing Crisis Worse
The financialization of the housing sector is driving up costs for ordinary families and keeping available units off the market.
Maui's Vacation Rental Debate Turns Ugly
Verbal attacks, misinformation campaigns and fistfights plague a high-stakes debate to convert thousands of vacation rentals into long-term housing.
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
In Urban Planning, AI Prompting Could be the New Design Thinking
Creativity has long been key to great urban design. What if we see AI as our new creative partner?
Making Shared Micromobility More Inclusive
Cities and shared mobility system operators can do more to include people with disabilities in planning and operations, per a new report.
Car Designs Make it Harder to See Pedestrians
Blind spots created by thicker pillars built to withstand rollover crashes are creating dangerous conditions for people outside vehicles.
Cal Fire Chatbot Fails to Answer Basic Questions
An AI chatbot designed to provide information about wildfires can’t answer questions about evacuation orders, among other problems.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Appalachian Highlands Housing Partners
Gallatin County Department of Planning & Community Development
Heyer Gruel & Associates PA
Mpact (founded as Rail~Volution)
City of Camden Redevelopment Agency
City of Astoria
City of Portland
City of Laramie