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In cities and states across our nation, the housing crisis is a supply issue. Under-building since the start of the Great Recession has left America roughly 4 million housing units - homes, condos, apartments, etc. - short of what is needed to stabilize our housing market. There are two policy ideas that policymakers have gravitated toward that address the symptoms of the housing crisis: Banning single-family-build-for-rent & rent control/stabilization. Enactment of these policies will suppress supply at a time when we need a surge in housing construction. No matter how well-intentioned, we cannot enact policies that will negatively impact supply as this will only make housing inflation and the housing crisis grow. Thank you KJZZ 91.5 FM for allowing me to weigh in. #housing #housingpolicy #multifamily #homebuilding

Developments in Housing Policies: What You Need to Know To Stay Informed. President Biden has announced comprehensive plans to address the housing crisis. These plans could have a significant impact on rent control and affordable housing. Key Highlights from the White House Announcement: ⬇ 🔹 Cap on Rent Increases: Proposal to limit rent hikes to 5% for corporate landlords. 🔹 Public Land for Housing: Repurposing federal land for affordable housing projects. 🔹 Support for Local Initiatives: Financial and policy backing for local housing efforts. 🔹 Enhanced Renter Protections: Strengthened protections for renters in properties financed by Fannie Mae and Freddie Mac. 🔹 Efficient, Climate-Resilient Housing: Emphasis on sustainable and resilient housing solutions. 🔹 Combating Price Gouging: Measures to prevent exploitative rent practices by corporate landlords. Read the full White House Announcement here: https://lnkd.in/gGb37QFx. #RealEstateDevelopment #MultifamilyHousing #AffordableHousing #RentControl #SustainableHousing #HousingMarket

Urgent Need for Housing Policy Reform: Protecting Stability for All Without balanced, sustainable policies, property owners risk financial collapse. And when that happens, the very affordable housing covenants designed to protect low-income families could disappear, leaving many without a place to call home. To prevent this, we must find solutions that work for both tenants and housing providers. If property owners are pushed into bankruptcy, affordable housing is at risk of vanishing, exacerbating the crisis for those who can least afford it. Now is the time to reform policies that ensure both stability for landlords and protection for tenants. What steps do you think we can take to reshape housing policies that protect both sides?

Takeaways from AP’s report on affordable housing disappearing across the U.S. - https://lnkd.in/dmuhar4b - LOS ANGELES — While Americans continue to struggle under unrelentingly high rents, as many as 223,0000 affordable housing units across the U.S. could disappear in the next five years alone. It leaves low-income tenants facing protracted eviction battles, scrambling to pay a two-fold rent increase or more, or shunted back into a housing market where […]

A whopping 450,000 people moved to Florida in 2021 and 2022 - and housing costs have risen 15+% since. The newly passed state Live Local Act allocates $711 million into affordable housing - a welcome move, but can builders make it happen before crisis deepens? #housingmarket #floridarealestate #affordablehousing

Kyla Scanlon (who I think is generally credited with coining the term "vibecession") runs a great newsletter - and this morning's was a good read. The housing crises (me referring to Canada as well) are substantially due to policies and so the solutions have to be based in policy. Some jurisdictions are tackling this problem and meeting with success: (1) Montgomery County, Maryland - Government has gotten involved (profitably) with bidding on projects and is recognized as among the most successful/aggressive builders of affordable housing in the nation. (2) Austin, TX, where rents are down 7% due to zoning reform (upzoning - which means ending minimum parking requirements, eliminating single family zoning, allowing multiple homes on each residential lot, etc). (3) Burlington, VT, has just enacted similar changes to zoning - and we'll watch to see how that plays out! It's easy to pin the lack of supply on the great recession - but there's more to it than that. The good news is that most public policy experts are aligned with developers - zoning is one of the biggest problems - so when you say the solution is "policy based" - it doesn't mean more regulation or big government involvement. #realestate #housing

Debate Over Federal Rent Cap Heats Up! President Biden's proposal to cap rent increases at 5% faces opposition from housing and real estate industry groups. It's certainly important to have affordable housing, but have you ever seen rent caps help a community achieve this goal in the long term in a sustainable fashion? I have yet to hear a true community success story from rent caps! * Industry Pushback: Housing groups argue against President Biden's proposal to cap rent hikes at 5% for multifamily properties with over 50 units, calling it ineffective and damaging. * Building More Housing: Experts stress that creating more affordable housing is a better solution than imposing rent controls. * Potential Consequences: Critics warn that rent caps could decrease housing quality and deter new construction, worsening the housing crisis. * Mixed Opinions: While some advocate for protections against rent gouging, others see rent caps as a barrier to investment in housing. #HousingCrisis #RentControl #RealEstate #AffordableHousing #multifamily SVN Desert Commercial Advisors National Multifamily Housing Council National Apartment Association (Naahq) National Low Income Housing Coalition National Housing Conference https://lnkd.in/gThR_Bih

The proposed changes come at a time of crisis for D.C.’s affordable housing sector. Providers of low-income housing are facing a severe financial crunch, and some are struggling to stay in business or to keep their properties from falling into foreclosure. That’s due to a variety of factors — including high interest rates and insurance and maintenance costs — but the main reason these developers cite is a huge spike in unpaid rent. https://lnkd.in/gHS-kFmc

New White House Rent Cap Proposal: What It Means for the Housing Market President Biden's recent proposal to cap annual rent increases at 5% for landlords with over 50 units has sparked significant debate. While the intention is to address high housing costs, many experts are concerned about its potential downsides. 📉 Here’s a quick overview of the key points from the article: Industry Reactions: Major housing groups, including the National Association of REALTORS® and the Housing Solutions Coalition, argue that rent caps could lead to reduced housing supply and unintended consequences for renters and communities. Impact on Supply: Critics say that imposing rent controls might deter developers from building new rental units, exacerbating the current housing shortage. With a reported shortfall of 1.5 million units, this could worsen affordability issues. Alternative Solutions: Industry leaders advocate for policies that incentivize the creation of new housing units rather than imposing restrictions. Strengthening tax credits and updating zoning laws could better address the affordability crisis. As the proposal awaits Congressional approval, it's crucial to consider how such measures could impact both current tenants and future housing development. What are your thoughts about the rent cap proposal? Let us know in the comments! Read the full article here: https://lnkd.in/ghsVuYU6 #HousingMarket #RentControl #RealEstate #AffordableHousing #PolicyDebate #MarketImpact #HousingCrisis #RealEstateInvesting

Everyone — landlords, tenants, builders and their various allies — seems to agree that a deal is desperately needed to address the worsening housing crisis in New York State. What is holding it up? There are three main factions fighting over a few key priorities, including tough new restrictions on evictions and significant tax breaks for developers. The groups are still at odds but appear to be moving closer as the urgency to pass something passed rises, ahead of a spring break in April. The New York Times #Housing #StateBudget