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Industry Coalition Urges Congress, Biden to Promote Affordability
A broad coalition of real estate associations sent members of Congress and the Biden administration a letter outlining a number of bipartisan policies they can undertake. Ranging from bills already before Congress to broad initiatives such as eliminating exclusionary zoning, these policies would expand housing supply while lowering costs and improving housing equity and opportunity, the letter stated..
“Today, too many hard-working Americans are unable to rent or buy homes due to increased
housing costs,” according to the letter. “These rising costs are driven by a lack of supply created by barriers to development that increasingly make it extremely challenging, particularly [at] a price affordable to low- and middle-class families.”
The two dozen industry groups wrote that it is “critical that we start now to enact policies that will incentivize new housing production and preservation. We recommend that policymakers immediately move forward on measures that would go a long way to increasing the nation’s housing supply and alleviate the housing affordability challenges communities across the country are facing.”
Signatories to the letter include: American Land Title Association, American Seniors Housing Association,
Argentum, Building Owners and Managers Association, CCIM Institute, Commercial Real Estate Finance Council, Council for Affordable and Rural Housing, Housing Advisory Group, ICSC, Institute of Real Estate Management, Manufactured Housing Institute, Mortgage Bankers Association, NAIOP, Nareit, National Affordable Housing Management Association, National Apartment Association, National Association of Home Builders, National Association of Residential Property Managers, National Housing Conference,
National Leased Housing Association, National Multifamily Housing Council, National Association of Realtors and The Real Estate Roundtable.
Don’t miss the Lifetime Achievement Award Presentation and Keynote Interview with G. Joseph Cosenza, Vice Chairman of The Inland Real Estate Group, LLC and President of Inland Real Estate Acquisitions, LLC at Connect Midwest: Multifamily, Affordable, Student & Senior Housing Trends on June 4, 2024, at the W-Chicago, City Center Hotel, Chicago, IL. Register Today to network with your peers!
- ◦Policy/Gov't
