WASHINGTON — A new nationwide consumer survey by the American Property Owners Alliance (The Alliance) found that American voters believe policymakers must do more to address rising home and rent prices, increase affordable housing options and improve access to homeownership across the country.

The 600-participant survey, by occam™ by AlphaROC, found that…

• Only 17% of Americans think the current level of federal government involvement in expanding affordable homes and rentals is sufficient.
• 68% of Americans believe that the federal government should do more to expand affordable housing and rental options.
• 58% of Americans will consider a candidate’s stance on addressing the rising cost of rentals and homes when casting their vote in the 2024 presidential election.

The survey also found that the majority of Americans support federal policy solutions to curb rising housing costs, specifically:

• 68% of Americans would support a federal policy that creates a new federal tax credit to incentivize the development and renovation of affordable family homes in urban, suburban, and rural areas most in need of investment in housing.
• 67% of Americans support a federal policy that expands a current federal tax credit to incentivize developers to build affordable homes and rentals in their community.
• 78% of Americans would support a federal policy that incentivizes developers to convert unused office space into affordable residential apartments.
• 73% of Americans would support a policy that expands down payment assistance for first-time home buyers.

“It’s clear that Americans are frustrated by the current housing situation and desire action at the national level to address this crisis,” said The Alliance’s Executive Director Colin Allen. “There are three nonpartisan policy solutions on the table right now – the Neighborhood Homes Investment Act, Low-Income Housing Tax Credit and Revitalizing Downtowns Act – that would implement solutions supported by the majority of Americans to rein in rising housing costs and offer relief for current and future home buyers. Now is the time for our nation’s leaders to see them through.”

The survey was commissioned as part of The Alliance’s Homeownership Month efforts. For more information on Homeownership Month and how to get involved, visit The Alliance’s website.

*The survey was conducted online by occam™ by AlphaROC, All Rights Reserved, from May 15 – May 21, 2024, with a +/-4% margin of error.