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In an article for Rental Housing Journal, Harmony Communities President, Matthew Davies, discussed the impact COVID-19 has had on affordable housing and shared four solutions for increasing the supply of affordable homes where they are needed most.
“In many ways, the pandemic exacerbated a problem that is already approaching crisis levels; missed work due to illness, joblessness, and wage reductions during the pandemic could drive an estimated 250,000 new people into homelessness,” Davies writes.
Davies proposed these solutions to help increase the affordable housing stock and provide assistance to those truly in need:
- Reduce regulatory barriers to affordable housing.
- Maximize land space with greater densities.
- Incentivize density with tax incentives.
- Grant rent subsidies – not rent control – to ensure help is given where it’s needed most.
Read the full article here.
