Overcoming the nation's daunting housing supply shortage
In this brief, the authors discuss the causes, scale, and implications of the shortfall in housing supply. They argue that while it is a complex issue to address, doing so would improve housing affordability, leading to greater household savings, improved access to homeownership, and more economic mobility.
Urban Institute • March 2021
Housing in brief: Biden’s Infrastructure Plan calls for $213 billion for housing
Biden’s Infrastructure Plan cites the nationwide shortage of affordable housing and the high rates of rent burden on families in the U.S. It calls for investments that would “Produce, preserve, and retrofit more than a million affordable, resilient, accessible, energy efficient, and electrified housing units,” which would be paid for with new tax credits, grants, and project-based rental subsidies.
Next City • April 2, 2021
Fannie Mae introduces Sponsor-Initiated Affordability incentives for multifamily borrowers
Fannie Mae announced that it is offering Sponsor-Initiated Affordability incentives for multifamily borrowers to lead the market in addressing the nation’s shortage of affordable multifamily housing. The incentives aim to preserve naturally occurring affordable housing and workforce housing by encouraging property owners seeking Fannie Mae financing to agree to rent and income restrictions for residents living in conventional workforce housing.
Fannie Mae • March 16, 2021