February 22, 2024
The Workforce/Middle-Income Housing Tax Credit
A recording of the event will be uploaded soon. Event Summary Congress is considering expanding the Low-Income Housing Tax Credit (LIHTC) and creating a new Workforce or Middle-Income Housing Tax Credit (MIHTC). In response, the AEI Housing Center gathered leading housing experts to discuss the LIHTC’s poor record and propose more effective market solutions. In…
February 15, 2024
Harvard (Mis)Leading Housing Study
Harvard University’s Joint Center for Housing Studies is back with its annual State of the Nation’s Housing report—and once again it reaches a bleak conclusion based on a loaded and leading question designed to sound an alarm for more federal housing subsidies. Its key metric is what it calls “cost-burdened renters”—those spending more than a third…
February 6, 2024
NYCHA Corruption Means It’s Time To Privatize
We already knew the New York City Housing Authority is the city’s biggest slumlord. Now we’re reminded it’s a corrupt slumlord. Just five years after a federal court found its employees had lied about a vital public-health matter — conducting lead-paint inspections of apartments — we learn NYCHA supervisors solicited bribes in exchange for no-bid repair contracts. US Attorney…
January 24, 2024
Expanding Housing Supply with Light-Touch Density: City of Seattle Case Study
Executive Summary The formula for housing abundance is straightforward: Micro-managing this process won’t work. Planners need to get out of the way and let the market build more housing.
January 23, 2024
A Follow-Up on My Recent Testimony to the Joint Economic Committee on Policy Approaches to Increasing the Supply of Affordable Housing
In my recent testimony on affordable housing supply, I highlighted the superiority of markets over government solutions and pointed to the ineffectiveness of the Low-Income Housing Tax Credit (LIHTC), which offers generous tax credits for builders that rent units to tenants earning below 60% of area median income. During the hearing’s Q&A, I did not…
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…
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…