September 4, 2024
Kamala Harris’s Housing Plan Would Be Worse Than Doing Nothing
Originally appeared in Newsweek On August 16, presidential candidate Kamala Harris unveiled a series of housing proposals that recycle the same failed strategies that have plagued federal housing policy for decades. Among the key components are subsidies for the construction of 3 million new housing units over four years, as well as a total of $100 billion…
September 2, 2024
This Is How to Fix the Housing Crisis
Vice President Kamala Harris correctly identified one of America’s biggest problems when she said that “there’s a serious housing shortage.” America’s affordable-housing crisis exacerbates wealth inequities, leads low-income parents to live in neighborhoods with less upward mobility and reduces our country’s capacity for economic growth, innovation and adaptation to regional shocks. Unfortunately, her proposed solutions…
August 26, 2024
Vouching for Self-Sufficiency
It’s hard to sympathize with the Parkoff Organization, the New York real estate firm that owns some 4,000 apartments across the city. According to a new lawsuit, housing “testers” caught the group discriminating against potential tenants whose rent would have been subsidized by housing vouchers. The Fair Housing Justice Center (FHJC), which brought the suit, claims that Parkoff…
August 23, 2024
Can Kamala Harris Learn the Housing Lessons from Her Own History?
In a biographical aside in her Thursday night nomination-acceptance speech, Kamala Harris spoke eloquently, and perhaps inadvertently, about “affordable housing” policy. She recalled the neighborhood in the East Bay where her mother rented an apartment: In the Bay, you either live in the hills or the flatlands. We lived in the flats — A beautiful, working-class neighborhood…
August 18, 2024
Why NYC’s Most Affordable Housing May Already Be Available
Mayor Adams’ ambitious rezoning proposal he calls the “City of Yes” — aimed at encouraging new housing construction throughout the five boroughs — is filled with commonsense ideas such as permitting apartments to be built above storefronts and relaxing the expensive requirements for new parking. Adams, in many ways, is harkening back to the golden…
August 16, 2024
The Harris Campaign’s Foolish Down-Payment-Assistance Scheme
On the surface, Kamala Harris’s proposal to provide $25,000 in down-payment assistance to first-time homebuyers looks to be an incentive for upward mobility. Historically, homeownership has been the foundation for wealth creation for those of modest means. On closer inspection, however, down-payment assistance sends the wrong message — not only because already high home prices are likely to…
August 5, 2024
Are Opportunity Zones an Effective Place-Based Policy?
When Congress passed and President Trump signed into law the Tax Cuts and Jobs Act at the end of 2017, most attention centered on the reduction in the corporate tax rate and overhaul of the individual tax code. Few noticed a provision added at the last minute establishing a new place-based policy in the United…
July 29, 2024
The Real Impact of Zoning and Land Use Reforms Contrary to the Urban Institute’s Claims
Not in my backyard (NIMBY) adherents across the country are beginning to weaponize a recent Urban Institute study that reviewed 180 zoning reforms and concluded these reforms barely affected the housing supply. Given Urban’s wide distribution and the paper’s seemingly comprehensive approach, coupled with the eagerness of NIMBYs to exploit such research, housing supply advocates need to be aware…
July 24, 2024
Housing and the American Worker
As the American Worker Project analysis shows, real wages have increased over time. Real wages are nominal wages corrected for changes in the price level, and a natural approach to understanding the way in which housing policy affects real wages is through (housing) prices. But the importance of housing to the economic well-being of the typical American…
June 12, 2024
Our Homeless Problem is Getting Out Of Control — What Can We Do?
The ongoing debate over fining individuals for sleeping in public spaces is currently being deliberated by the Supreme Court in City of Grants Pass v. Johnson. The case underscores a critical juncture in how we address homelessness. While the court’s decision will undoubtedly carry weight, it risks overshadowing the more pressing issue at hand: the urgent…