Housing Supply and Affordability: It’s Time for Solutions

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Housing Supply and Affordability: It’s Time for Solutions

Years of underinvestment and underbuilding has left America with a severe housing shortage. Recent factors such as increased demand for homes and rising mortgage rates have escalated the crisis and caused home prices to skyrocket.

Home prices have risen nearly 30% since 2019.

Today, only about 1 million homes remain on the market compared to the roughly 4 million available in 2007.

We must drastically increase America’s housing supply to curb rising prices and ensure everyone can access the benefits of homeownership. Elected officials play a critical role in advancing policies and programs that will increase housing production and address affordability challenges. Be sure you are registered to vote and know where your leaders stand on housing issues.

Keep reading to learn about solutions on the table right now that can create more affordable homes.

The American Property Owners Alliance is a group of property owners and industry experts from across the country who are working together to advance federal policies that will drastically increase housing supply and make homes more affordable. Learn about three solutions that we support and how you can help put pressure on Congress to act now to implement them.

Housing Grants

Create a grant program to help pass pro-housing policies at the state and local levels. By removing regulatory barriers, more homes can be built faster.

Tax Credits

Maximize the use of existing properties by creating a tax credit to convert unused or outdated commercial and office buildings into residential and mixed-use spaces.

Rehabilitate Middle-Income Homes

Help create a pathway to sustainable homeownership and neighborhood stability by providing new incentives to build and rehabilitate moderately priced homes – a segment of the market that is sorely lacking.

Act Now to Make Homes More Affordable

The Neighborhood Homes Investment Act (NHIA) is bipartisan legislation that would put more affordable family homes on the market. Specifically, this legislation would create a new federal tax credit to incentivize the development and renovation of family housing in urban, suburban, and rural neighborhoods most in need of investment.

The NHIA would put 500,000 family homes on the market in the next 10 years, increasing access to the benefits of homeownership for middle-income Americans.

The NHIA passed the House in 2021 and has momentum in 2023. Please join the effort to protect access to homeownership and strengthen communities across the country.

Please use this form to contact your Member of Congress and Senators today and urge them to prioritize passing the Neighborhood Homes Investment Act!

Visit our Action Hub to learn about more policies that can curb rising home prices, support first-time buyers, and safeguard homeownership.