Solutions: Harris promised 3 million new homes. States might actually make it happen
LA TimesVice President Kamala Harris made a bold campaign promise: If elected president, she would get 3 million new homes built. Finally, when interest rates shot up as the Fed fought inflation, homeowners with historically low mortgage rates avoided selling their homes, leaving few homes for sale and many prospective buyers empty-handed. Economists believed Harris’ proposals — such as a large subsidy for first-time homebuyers — would leave us well short of 3 million new homes. States have found many ways to do this, including removing public meeting requirements for simple projects and requiring that local design criteria be “specific and objective.” Tennessee recently joined D.C., New Jersey, Texas and a host of local governments in allowing a developer to hire a qualified third party to review building plans as an alternative to waiting out the backlog at city halls.
History of this topic
Experts: Harris proposal could ease housing crisis — while Trump plan would drive up inflation
Salon
Housing crisis: How Kamala Harris, Democrats plan to increase homebuilding and affordable housing.
Slate
Experts: Housing crisis is increasing generational wealth gap — Harris' plan could have a big impact
Salon
How Harris and Trump plan to address the high cost of housing
NPR
Harris campaign releases new ad to highlight plans to build 3 million homes, reduce inflation
The IndependentYellen announces efforts to boost the housing supply as high prices create a crunch
Associated Press
Election 2024 results: Real estate sector hopes for continued focus on infra development, affordable housing
Hindustan Times
Govt working on the scheme to help middle class purchase or build homes: Housing and urban affairs secretary
Hindustan Times
A lesson on California housing from the billionaires planning a new city
LA Times
Inslee proposes billions for housing, would need voter OK
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