January 21, 2025
Calling DOGE: HUD’s Costly Hunt for Answers the Market Already Has
The Department of Housing and Urban Development’s (HUD) new grant opportunity of $250,000–$500,000 for research on “Increasing Missing Middle Housing Supply” highlights yet another instance of government inefficiency and waste. While the country clearly needs more middle or light-touch density (LTD) housing, such as accessory dwelling units (ADUs), duplexes, and townhomes, the answers HUD seeks with the…
January 17, 2025
Regulations Keep Millions of Bedrooms Empty During a Housing Crisis
The U.S. is facing a housing affordability crisis, and new data from Realtor.com highlight an often missed contributing factor: millions of empty bedrooms. Census data reveal 31.8 million “excess” bedrooms in American homes—compared to just 4 million in 1970. Overregulation, particularly in zoning and local occupancy laws, is among the culprits. Realtor.com tries to put a positive…
December 29, 2024
Why Rent Regulation Remains So Hard to Undo in NYC
Few would argue that New York City is mired in a housing crisis — as defined by high prices and low vacancies. There’s good evidence for that conclusion. The most recent federal New York City Housing and Vacancy Survey reported a vacancy rate of just 1.4%, “a stark contrast to the 4.54 rate in 2021”. Over the same period,…
November 17, 2024
Affordable Housing—and No Tax Hike
On Nov. 5, Denver’s voters rejected Affordable Denver, a half-cent sales tax increase for subsidized housing. The tax hike would have burdened working families while failing to address the root causes of unaffordable housing. But the vote’s outcome opens the door for a better solution — not only in Denver but also in other Colorado…
November 9, 2024
NYC Safe Injection Sites Reduce OD Deaths—but Not in the Worst Neighborhoods
There is a glimmer—the slightest bright spot—of good news about drug overdoses in New York. The city’s Health Department reports that overdose deaths in 2023 declined compared to the previous year—but they fell just one percent, from 3,070 to 3,046. A close look at that number reveals not only is it tiny, but that an important indicator…
November 5, 2024
Never Let a Crisis End
New York City’s perennial housing crisis—the city has regularly declared a housing “emergency” since 1971—is back on the city council’s agenda, with two proposals to address it. On the surface, the two plans, one championed by Mayor Eric Adams, the other by City Council Speaker Adrienne Adams, seem complementary; both promise more housing. But a…
October 15, 2024
Lefty NYC Council Add-Ons to Mayor’s ‘City of Yes’ Would Worse Housing Crisis
Eric Adams’ chance for a lasting legacy hinges on his ambitious zoning and housing proposal dubbed “City of Yes” — poised to come before the City Council next week. But as some community groups seek to derail the plan, the hard-left council looks ready to undermine it — and convert it to the “City of Yes, But.” The key to Adams’…
October 11, 2024
HUD’s Housing Misfire: When Bureaucrats Know Better than Markets
Kamala Harris’s proposal for a $40 billion fund for local governments to explore “innovative” housing solutions will likely funnel money into projects burdened by self-defeating government-mandated affordability requirements, which HUD loves but markets abhor. By further empowering federal bureaucrats, it will do more harm than good. The case in point is the Department of Housing…
October 10, 2024
Harris’s Housing Plan and the Five C’s That Will Derail It
Kamala Harris’s latest campaign ad pledges to “end America’s housing shortage by building 3 million new homes and rentals.” However, her plan is unlikely to significantly increase the overall housing supply. The cornerstone of her proposal is an expansion of the Low-Income Housing Tax Credit (LIHTC)—a program plagued by the Five Cs: Rather than expanding the LIHTC…
October 8, 2024
Harris Housing Subsidies: A Recipe for Repeating Past Mistakes
Presidential candidate Kamala Harris has proposed housing policies that recycle ineffective strategies long seen in federal housing programs. Her key proposals include subsidies for the construction of 3 million new housing units over four years and $100 billion in down payment assistance to first-time homebuyers. Unfortunately, history tells us her plan would be worse than…