Ideas. Action. Results.

Housing Expert Forum: Immigration Reform

Monday, December 23, 2013

Welcome to the BPC Housing Commission expert forum! This forum is intended to foster interactive and substantive discussion about pressing housing issues. Each month contributors from different parts of the housing sector will be invited to respond to a discussion topic.

Guest posts are shared regularly with Housing Commissioners to help inform their work.

Have a pressing question you’d like us to consider? Please leave it in the comments section. We encourage you and our expert bloggers to add comments, contributing to the national dialogue on solutions for the future of the housing sector.

Expert bloggers are not members of the BPC Housing Commission. Any views expressed on this forum do not necessarily represent the views of the Housing Commission, its Co-Chairs, or the Bipartisan Policy Center.

QUESTION: The BPC Immigration Task Force recently released a study that quantifies the economic impact of immigration reform. The study showed that immigration reform could jump-start the housing recovery by increasing residential construction spending by an average of $68 billion per year over a 20-year period.

What opportunities and challenges will immigration reform pose for future housing demand, housing markets, and/or economic revitalization?

Closing a New Generation Gap
By Lawrence Yun

The rate of home ownership among immigrants is largely a function of how long people have been in the United States. For those in the country less than five years, the homeownership rate is below 20 percent but climbs to almost 80 percent by their 40th year. That means past immigration will help boost current home buying demand and more recent arrivals will assist future demand.

Read the full post here.

Immigration Reform and Affordable Housing are inter-twined
By Kent Watkins

The advent of both urban growth and density produced slum conditions in many instances and led to one of the first urban housing commissions in 1892 and then another one under President Theodore Roosevelt. These were the forerunners to the present-day BPC Housing Commission, and again, it is prescient that the variables of immigration reform and affordable housing are inter-twined.

Read the full post here.

America’s housing markets are remade in the face of immigration
By Mark Calabria

The dynamics of foreign immigration remind us that we do not have a national housing market, but rather we have lots of local housing markets. Many have seen their potential decline arrested thanks to foreign immigration, where others have seen an already booming population increased further. With or without comprehensive immigration reform, the convergence of U.S. and global incomes will likely slow immigration over the next few years. U.S. cities that have survived almost entirely on foreign immigration will likely be forced to adjust and re-think their economic development strategies.

Read the full post here.

Bipartisan immigration reform will shape our economic future
By Angela Antonelli

The United States is a nation of immigrants. Throughout our history, the economic benefits of immigration have been demonstrated over and over again. Today, there remains bipartisan agreement that the economic benefits of immigration and immigration reform are significant and will continue to play an important role in shaping our future economic destiny. This includes its impact driving housing markets, housing demand and economic revitalization.

Read the full post here.

Past Forums

October 2013: This month marks the 27th anniversary of the federal Low Income Housing Tax Credit (LIHTC) program. Throughout the program’s tenure, what lessons have we learned? What key components continue to make it a successful program?

July 2013: Who are unconventional stakeholders who can help rally support for housing?

May 2013: What should the federal government’s role be in helping prepare consumers to make financial decisions?

April 2013: Which of the recommendations in the BPC Housing Commission’s report should receive highest priority?

November 2012: What have we learned from past disaster recovery efforts that could be applied in the way of housing assistance following Hurricane Sandy?

October 2012: What should be the interaction (if any) between state and local policies that impact housing availability and affordability?

September 2012: What statement(s) related to housing—policy, or otherwise—would you want to hear in the presidential debates?

August 2012: What is the role of housing education and counseling in the future housing economy and finance system?

July 2012: Do alternative forms of homeownership, such as shared equity models and rent-to-own programs, present viable alternatives for future homeownership?

June 2012: What are the best options for the millions of single-family homes that may be left behind by Baby Boomers as they age, many of which are in suburban or exurban communities?

May 2012: What can we learn from current or previous efforts to link evidence-based outcomes to policy or program development?

April 2012: What lessons can the U.S. learn from housing programs, policies, or regulatory frameworks in other countries?

March 2012: How can housing policy be responsive to today’s urgent needs and simultaneously address long-term trends?

February 2012: What are some of the key characteristics of a healthy housing system? And how can the success of these features be measured?

January 2012: What should the federal government do to address the inventory of foreclosed properties?

December 2011: What are the most pressing issues in housing policy today?

2013-12-23 00:00:00