January 17, 2024
Achieving Housing Abundance Through State and Local Land Use and Zoning Reform
Chair Heinrich and Vice Chair Schweikert, and distinguished Members of the committee, thank you for the opportunity to testify today. Executive Summary: Housing affordability issues are real for many Americans. As home prices and more recently mortgage rates have risen dramatically, many people can no longer afford to buy a home and have no choice…
January 17, 2024
Congress, Don’t Legislate a Takeover of the Nation’s Rental Housing Market
It is an election year and Congress will soon consider two bipartisan bills to address high rental costs for many renters. The first is the Workforce Housing Tax Credit (WFHTC) and the second would be an expansion of the existing Low-Income Housing Tax Credit (LIHTC). The WFHTC would extend eligibility for subsidized units tenants earning below the area median….
January 4, 2024
To Fix Their Housing Shortage in 2024, Cities and States Should Turn To Market
States and cities considering housing supply reforms in the new year to combat worsening affordability should unleash the free market rather than rely on the Department for Housing and Urban Development (HUD) regulatory solutions. HUD’s recommendations tilt towards heavy-handed government interventions that lack thorough analysis and proven results. A particularly egregious example is HUD’s latest assessment of…
January 2, 2024
Billionaire-Built Cities Would Be Better Than Nothing
A company backed by Silicon Valley’s most powerful investors, including the LinkedIn co-founder Reid Hoffman and the venture capitalist Marc Andreessen, assembled a land empire outside San Francisco and announced a bold vision to build a brand-new city — and was immediately castigated by the world’s urbanists. Critics describe the effort by the company, Flannery…
December 31, 2023
Forget Eric Adams’ Flawed Housing Plan — Let’s Make ALL NYC Neighborhoods “High-Opportunity”
New York City residents are facing the ill-effects of drastic, across-the-board budget cuts affecting the most basic city services. It would hardly seem to be the right time for the Adams administration to undertake an expensive new housing program with the city’s own funds. Yet that’s exactly what the Department of Housing Preservation and Development announced last week….
December 21, 2023
Our Policies to Address Homelessness Are Failing
Official data released last Friday show that 2023 was the worst year ever recorded for homelessness, and it’s not even close. The 12 percent rise in homelessness quadrupled the previous record for a single-year increase. Our homeless population is now the largest it has ever been. Policy-makers must wake up to this national crisis. Our…
December 14, 2023
Harnessing Tailwinds on State and Local Land-Use Reform: A Bipartisan Playbook
As housing affordability concerns are affecting more and more Americans, market-oriented and liberal researchers have found common ground on the need for land-use reform. Join AEI and the Progressive Policy Institute as they develop a bipartisan housing playbook that can be deployed across cities and states, red and blue. Practitioners, legislators, and researchers from across…
December 11, 2023
New York City Officials Blame Everyone but Themselves for Housing Unaffordability
By implementing onerous requirements on Airbnb hosts, New York City is attempting to scapegoat short-term rental (STR) sites for the city’s own failings. Rather than accounting for city policies that continue to drive its housing and hotel room shortage, officials have decided to target the city’s 40,000 active listings, operated by—mostly smalltime—Airbnb hosts. In the…
December 11, 2023
How Public Housing Encourages Single Parenthood and Penalizes Marriage
The post-pandemic rise in rents has fueled the view that the private housing market inevitably fails those of modest means. The left-leaning Center for Budget Policies and Priorities summarizes the idea that the short-term spike in rents merely dramatizes that essential market failure. It asserts that the “rent burden among families with the lowest incomes is a…
November 27, 2023
Bribing Homeowners To Build Tiny Houses Won’t Solve NYC’s Housing Problem
Those who believe New York City not only needs more housing but more types of housing to serve its many types of households should be cheered by the Adams administration’s support for “granny flats.” These small “accessory dwelling units” built in backyards, converted basements or converted garages can help homeowners pay their mortgages and older adults…