CSPAN3 Hearing On Tax Incentive Impacts On Affordable Housing September 20, 2022
This hearing comes at a time when americans are getting clobbered by climbing rents and home prices, key drivers of inflation. Data released last week showed that rents increased in june at the fastest rate since 1986. Buying a home is getting more expensive. Many young people who have modest incomes or big student loan debt, feel like the dream of Home Ownership has slipped out of their reach. The root cause is, the United States is not building enough housing. It has been that way for decades, and the shortage is affecting citizens and cities all over america. For example, my hometown of por...