The National Housing Crisis Task Force, a bipartisan coalition of practitioners and policymakers, has released a comprehensive federal policy agenda to address America's deepening housing crisis. The report, released in November 2024, and titled "From Crisis to Transformation: A Federal Housing Policy Agenda," outlines 40 specific policy recommendations organized around five key themes. It calls for immediate federal action to address acute and structural housing challenges. The report is intended to serve as a roadmap for the incoming Trump administration’s approach to the affordable housing crisis.
The Scale of the Crisis
According to the report, the housing crisis in America has reached critical levels:
Core Policy Recommendations
The Task Force organizes its recommendations into five strategic areas:
1. Lead and Focus the Nation
2. Reduce Barriers to Production and Eliminate Complexity
3. Mobilize Federal Capital for Production & Preservation
The recommendations related to the Low-Income Housing Tax Credit (LIHTC) include:
These recommendations aim to adapt and expand LIHTC to effectively meet the current housing crisis.
4. Innovate with an Industrial Policy Lens
5. Provide a Housing Safety Net
Implementation Timeline
The Task Force proposes a one-year roadmap with specific actions:
The Federal Role
The report emphasizes that the federal government is uniquely positioned to address the housing crisis through:
Looking Forward
The Task Force emphasizes that while immediate action is crucial, creating lasting change requires:
The report concludes that treating the housing crisis like a true crisis requires immediate federal action and long-term structural reforms. Success will require coordination across all levels of government and sectors of society, with the federal government playing a crucial leadership role in driving transformative change in America's housing ecosystem.
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