2024 Summit on Housing Supply Solutions

9:00 – 9:30 am: Registration and Breakfast

9:30 – 9:40 am: Opening Remarks

• Margaret Spellings | President and CEO, BPC

9:40 – 10:10 am: Home Matters: A Fireside Chat on Housing Affordability

Over the past 15 years, the United States has underbuilt housing by millions of homes leading to a mismatch between demand and available supply that has contributed to today’s high housing costs. This structural deficit is negatively impacting communities of all types across the country and affects both the rental and homeownership segments of the housing market. Former HUD Secretary and BPC Board Chair Henry Cisneros moderates a discussion with housing philanthropist Ron Terwilliger, Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon, and the Deputy Director of the National Economic Council, Daniel Hornung, where they will explore the root causes of today’s affordable housing shortage, the administration’s policy priorities, and actions that can be taken to help increase housing supply and preserve our nation’s existing stock of affordable homes.

 Discussion with:

• Julia Gordon | Assistant Secretary for Housing and Federal Housing Commissioner, Department of Housing and Urban Development
• Daniel Hornung | Deputy Director, National Economic Council
• Ron Terwilliger | Board Member, BPC; Chairman Emeritus, Trammell Crow Residential Company

Moderated by:

• Henry Cisneros | Board Chair, BPC; Former Secretary, Department of Housing and Urban Development

(10-minute break)

10:20 – 11:05 am: Corporate Initiatives to Enhance Housing Supply and Affordability

With the demand for affordable housing exceeding available supply, corporations both large and small are directly experiencing the impact of the housing crunch. In response, many are taking active steps to help meet the housing needs of their employees and the residents of the communities in which they operate. In this panel, private sector leaders will discuss the impact of the housing shortage on their businesses, innovative strategies to help their workforces remain employed and affordably housed, and what it would take to encourage greater private investment in affordable homes. The panel will also explore what actions the federal government should undertake to support more affordable housing production.

Discussion with:

• Barry DuVal| President and CEO, Virginia Chamber of Commerce
• Sally Kraft, M.D. | Population Health Officer, Dartmouth Health
• Stephanie Rawlings-Blake | Chair, Airbnb Housing Council; President, SRB & Associates
• Jonathan Wolf | Founder and President, Wendover Housing Partners

Moderated by:

• Steve Stivers | President and CEO, Ohio Chamber of Commerce

(10-minute break)

11:15 am – 12:00 pm: Impact of Rising Insurance Costs on Housing Development and Affordability

As natural disasters grow in number and severity, the cost of insuring homes against climate-related risks has risen sharply in some regions. These rising insurance premiums add significantly to the cost of homeownership and to the development and operation of multifamily housing, threatening to constrict the already limited supply of affordable rental homes. To make matters worse, some insurance companies have announced they will be leaving certain unprofitable markets in states like Florida and California. This panel will feature a discussion highlighting the key factors driving up insurance costs and their impact on housing affordability. It will also examine promising reforms and strategies for policymakers to rein in surging insurance costs while promoting responsible insurance coverage and disaster risk mitigation.

Discussion with:

• Rob Dapice | Executive Director and CEO, New Hampshire Housing Finance Authority
• Gina Hardy | CEO, North Carolina Joint Underwriting Association and North Carolina Insurance Underwriting Association
• Tim Judge | Head of Modeling and Chief Climate Officer, Fannie Mae
• Scott White | Virginia Commissioner of Insurance

Moderated by:

• Kimberlee Cornett | Senior Director of Impact Investments, Robert Wood Johnson Foundation 

12:00 – 12:40 pm: Lunch

12:40 – 1:25 pm: What Do the 2024 Elections Mean for Housing?

Housing has emerged as a central issue for the 2024 election cycle. Soaring housing costs, persistently high mortgage rates, and a notable lack of inventory for both the rental and purchase markets have significantly impacted voters’ sense of economic well-being, elevating housing affordability to a top concern. Additionally, historic rates of homelessness are prompting voters to look to elected officials for effective solutions. The panel brings together housing policy experts and political analysts to provide a comprehensive examination of how the upcoming elections might impact these issues and the future direction of housing policy.

Discussion with:

• Seth Appleton | President, U.S. Mortgage Insurers
• Laura Arce | Senior Vice President of Economic Initiatives, UnidosUS
• Sarah Brundage | CEO and President, National Association of Affordable Housing Lenders
• Mark Calabria | Senior Advisor, Cato Institute

Moderated by:

• Abha Bhattarai | Economics Correspondent, Washington Post

(10-minute break)

1:35 – 2:15 pm: Terwilliger Bipartisanship in Housing Awards and Fireside Chat

Recent public surveys demonstrate that millions of Americans are struggling with high housing costs and support congressional action to improve housing affordability. Yet comprehensive housing legislation remains elusive. Two of our inaugural Terwilliger Bipartisanship in Housing Award recipients will discuss the current state of play in the 118th Congress, their own legislative priorities to increase housing supply and improve housing affordability, and what it will take to advance meaningful housing legislation with robust bipartisan support.

Discussion with:

• Emanuel Cleaver, II (D-MO) | House Committee on Financial Services
• Mike Kelly (R-PA) | House Committee on Ways and Means

Moderated by:

• Pamela Hughes Patenaude | Board Member, BPC; Former Deputy Secretary, Department of Housing and Urban Development

(10-minute break)

2:25 – 3:10 pm: Increasing Affordable Housing Supply through Factory-Built Housing: Opportunities and Challenges

Manufactured and modular homes are less expensive to produce and faster to build than site-built homes. As the U.S. grapples with a severe housing shortage, the time and money saved through factory-built housing creates an opportunity to increase supply quickly and efficiently without jeopardizing quality. Despite its potential as a solution to the housing shortage, a relatively small portion of new homes are manufactured or modular. This panel will explore the opportunities for factory-built housing to increase housing supply at an attainable price point for home buyers and how to reduce barriers that may be slowing its greater adoption in the housing market.

Discussion with:

• Lesli Gooch | CEO, Manufactured Housing Institute
• Ken Semler | President and CEO, Impresa Modular
• Mike Tweden | Vice President of Sales and Business Development, Champion Homes

Moderated by:

• Katy O’Donnell | Financial Services Reporter, POLITICO

(10-minute break)

3:20 – 4:05 pm: Housing Market and Economic Outlook

The current state of the housing market is complex and its future hard to decipher. Despite promising increases in permits and housing starts early in 2024, the country is still feeling the impact of a structural deficit of homes for both rent and sale. While market expectations of moderate economic growth, reduced inflation, and potential interest rate cuts are cause for optimism, high mortgage rates continue to fuel a persistent “rate lock” effect, keeping housing inventory tight. Amidst these dynamics, homeowners must also grapple with escalating insurance costs. In this panel, leading economists will discuss recent economic and housing market trends and forecast where we are heading.

Discussion with:

• Selma Hepp |Chief Economist, CoreLogic
• Douglas Holtz-Eakin | President, American Action Forum
• Skylar Olsen | Chief Economist, Zillow

Moderated by:

• Nick Timiraos | Chief Economics Correspondent, Wall Street Journal

4:05 – 4:10 pm: Concluding Remarks

• Dennis Shea | Executive Director, J. Ronald Terwilliger Center for Housing Policy, BPC

4:10 – 5:00 pm: Networking Reception

Join us for a networking reception featuring a showcase of organizations who are advancing innovative solutions to address our nation’s housing challenges.

This event is co-hosted by BPC and BPC Action and has been designed to meet Congressional Ethics guidelines for a widely attended event.