Today’s housing affordability crisis is being driven by a mismatch between the demand for housing and the available supply. According an estimate from Up for Growth, the U.S. has underbuilt housing by 3.8 million homes. The American Housing Act would help to fill this gap by strengthening the Low-Income Tax Credit (LIHTC) program, promoting investment in entry-level starter homes, and encouraging zoning reform.
These recommendations are further reflected in previously-introduced, bipartisan legislation, including the Affordable Housing Credit Improvement Act, the Neighborhood Homes Investment Act, and the Housing Supply and Affordability Act.
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