居住在城市的家庭, 郊区, and rural communities across the country are struggling to find housing that they can afford. As of 2021, the United States had an estimated 短缺3个.8900万户家庭, and this unmet demand is contributing to rising housing prices. Without access to an affordable place to live, families are more likely to face housing and financial instability, with ripple effects across employment and educational opportunities. 的se consequences tend to be the most acute for under-resourced communities.

的 housing supply and affordability crisis requires 创新的解决方案. In 2021, 澳博官方网站app committed $400 million in philanthropic capital over five years and shared data-driven 政策建议 to support housing affordability and access to homeownership. In 2023, we published an update on policies to advance affordable, sustainable homeownership. Supply has consistently emerged as one of the most pressing challenges facing the housing market, with public-private partnerships as the foundation to drive impact in communities across the U.S.

以公司的政策为基础, data, philanthropic and business expertise, the 澳博官方网站app PolicyCenter has identified three immediate steps that could meaningfully impact the housing supply and affordability crisis in 2024:

1. Expand the 低收入住房税收抵免 program. 的 低收入住房税收抵免 is the country’s most productive affordable housing financing tool. This federal program pairs local knowledge and development capacity with private capital to subsidize the costs of building affordable housing. 在 3.7 million affordable rental homes have been financed since the program was created in 1986, making it easier for families to live closer to schools, 工作, 交通, and other services that improve household mobility and strengthen neighborhoods. 节目需求 outpaces the supply of credits, which limits how much housing can be developed. 的 Affordable Housing Credit Improvement Act – which has over 200 bipartisan co-sponsors in Congress – would expand the 低收入住房税收抵免 program to produce an estimated two million additional affordable units 在接下来的十年里.
2. Create a new Neighborhood Homes Tax Credit. Despite the 低收入住房税收抵免’s success in producing affordable rental housing, there has been no comparable federal homeownership program. 两党 Neighborhood Homes Investment Act (NHIA) would unlock affordable homeownership opportunities by filling a longstanding gap in housing markets: financing the acquisition and rehabilitation of single-family homes in economically distressed neighborhoods where the costs to update the home exceed a property’s sale value. 如果通过，NHIA将增加一个 估计有50万套入门房 在资源不足的社区.
3. Build affordable housing practitioner capacity. Lawmakers can help better equip affordable housing practitioners by maximizing resources for proven and effective housing supply programs. 例如, the Treasury Department’s Community Development Financial Institutions (CDFI) Fund manages the 资本磁石基金, which allows CDFIs and affordable housing developers to leverage additional private capital to finance affordable housing. 的 资本磁石基金 has generated $20 of additional investment for every $1 funded through the program, reflecting the strength of public-private financing models.

公私融资工具, like the 低收入住房税收抵免, can be effective solutions to addressing the country's housing supply shortage. 的se programs align public subsidies with private sector capital and community practitioner expertise. Now is the time for the federal government to advance solutions that work.