A recent policy brief from the Urban Institute (UI)
suggests a radical but common-sense solution for achieving affordable housing –
homeownership.
UI analyst Mike Loftin says there is no shortage of other policy
proposals to address the housing problem – more federal investment in building
public housing, subsidies to builders of affordable apartments, dramatic
increases in rent vouchers – but owning one’s own home,
he says, is frequently more affordable than renting. There is a widespread idea
that homeownership is for people who achieve some arbitrary level of financial
success and not “appropriate” for people who are still on their path to financial
security which may explain why government efforts toward affordable housing
narrowly focus on the rental market.

 

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