Housing affordability remains a crisis in this country. Here's what we can do to address it.

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Here's How We Can Create a Pathway to Housing for Everyone

It's no secret that there is a housing affordability crisis in this country. Within the last several decades, housing costs have increased at dramatic rates for renters and homeowners alike while income levels have failed to keep pace. Families are spending more and more of their paycheck keeping a roof over their heads rather than putting money aside for short or long-term saving.

At the same time, tens of billions of taxpayer dollars are spent each year paying for the interest on mortgages and property tax expenses that only benefit a small number of wealthy homeowners while doing next to nothing for everyone else. For low-income families and households of color who struggle to get by, these supports could mean much more and make a much greater difference if structured in equitable ways. It’s for these reasons that Prosperity Now is releasing a new federal policy proposal— Coming Home: Providing a Pathway to Housing for All [[link removed]]—that outlines a more equitable and inclusive way to provide financial relief to cost-burdened homeowners and renters while also providing supports to put more families on a path to homeownership.

Read the Proposal [[link removed]]

This report calls for redirecting upside-down housing tax dollars so that they benefit more working families, increase financial security for those who are financially vulnerable and provide more significant steps toward reducing the racial wealth divide. The proposal provides families with help in areas that include saving, budgeting and planning. Taken together, this creates a pathway to housing that lasts a lifetime.

Early next year, we'll host a call to discuss this proposal and other housing-related priorities for the year. Be sure to check your email in January for the date and time of this call. For additional questions about our housing pathways proposal, please email Anju Chopra at [[email protected]].

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