Annual Harvard Report Calls for ‘Comprehensive Re-Envisioning of National Housing Policy’
The ongoing affordable housing crisis, COVID-19 pandemic, social unrest and effects of climate change combine to require a “comprehensive re-envisioning of national housing policy,” according to the “The State of the Nation’s Housing 2020,” an annual report released today by the Joint Center for Housing Studies of Harvard University. The report says that 20.4 million renter households paid more than 30 percent of their incomes for housing in 2019, which is a slight decline since 2014, but still 5.6 million households more than in 2001. The report points out that renter households of color have suffered disproportionally from COVID’s impact and calls for a new national housing policy that sets out appropriate roles and responsibilities for federal, state and local governments, as well as establishing funding sources and distribution channels for subsidies. The Harvard study calls for a reconsideration of eligibility rules for housing assistance and full funding to meet the commitment.
Affordable housing issues will be the focus of discussion at the Novogradac 2020 Tax Credit Housing Financing Virtual Conference, Dec. 3-4.