Increase funding for subsidized affordable housing through a wide variety of mechanisms, including direct subsidies.
Most housing in the United States is “market-rate”. People or companies that own homes rent or sell them at a price where they can find a buyer. Even if housing becomes less expensive on the open market, there will likely always be people who can’t find housing at a price they can afford.
Traditionally, public funding helps provide housing for people with very low incomes. Funding for this kind of housing currently falls far short of what is needed. YIMBYs believe that we must increase funding for income-qualified housing at all levels of government. Funding affordable housing is critical to create a future of abundant, affordable housing for all.
Policies in this category include bonds for affordable housing, increasing Section 8 funding, and using existing government resources to increase funding for subsidized housing.
By Jessamyn Garner
Jan 08, 2024