Strategies for Housing Affordability

Housing affordability is one of the problems that a lot of people have. People weren’t able to live where they want, they were only able to live where they accept vouchers. In the article, “How to Make City Housing More Affordable” by Mark Peters, he wrote, “Vouchers, rent control and requirements for builders to supply affordable units are all tools that continue to be used.” What he is saying is true and because of these, they are very limited to the people. Mark Peters wrote how adding housing units in cities s very crucial to rising the costs for housing. Also, Edward Glaeser, a Harvard professor of economics said, “The thing that is going to promote affordability is a lot of building” targeted for a mass market. Buildings like townhouses, duplexes, and courtyard apartments which can provide a more affordable options for the low and middle classes and they would be able to avoid the buildings with a higher cost (which would look like the picture below). I believe more buildings would help housing affordability because the more houses, the more chance the home owners wouldn’t raise the rent. The home owners would want the people to live in their buildings, so they are able to make profit but if there are more buildings, people are willing to live in a home with a lower rent cost especially for the low and middle classes. Just like what Alan Mallach, a senior fellow at the Center for Community Progress said, “The number of affordable units they produce “is incredibly sensitive to how strong the market is.”” Another one for housing affordability is when there are more demands for housing units in more urban and where people are able to walk around neighborhoods that are closest to their jobs and for their daily needs. In a way it is good for the people because they don’t need to use money for transportation to go to work and they could just walk there. It shows how the location and the condition of the neighborhood on where people live. I believe a lot more people would be able to find housing and that is more affordable for them. Another strategy that could help the housing affordability is to improve the schools and the technologies. The improvement of schools would have the quality of the individual schools becomes more equal, there won’t be a raise in the price for the housing since the schools would be equal to each other wherever they live. Also for the technologies, Ms. Galante said how new technologies that are “tied” in construction could drive down the cost of building. I thought she was talking about how using new technologies in the buildings can reduce the cost especially they won’t need a lot of people to work in the buildings for manufacturing since the technologies would do that. I believe these strategies would work, but the home owners would be really angry for these strategies because they won’t be able to make profit especially when they need to pay their mortgages for their buildings or houses.

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Source:

Peters, Mark. “How to Make City Housing More Affordable.” Wall Street Journal, 24 Apr. 2016. Web. 4 Nov. 2016.

Affordable Housing, Assignment 4-8, , ,

4 Comments

  1. There are several strategies for housing affordability, but I do agree with particularly one of those strategies mentioned, I also believe the most important strategy of them all is that we are not building enough overall housing. Limited housing has made rent increase in certain cities across the region which makes it difficult for the lower and middle class. Yes, more housing such as town houses/complexes around an area most likely means landlords won’t have to raise rent but at the same time the cons to this is having landlords not receiving any profit and not having enough to pay his own bills for the building for example. Having an increasing population, like we do in the United States and having less land available in desirable neighborhoods makes it hard to have affordable low cost housing as well. One strategy I do not necessarily agree with that was mentioned is “improving schools in a certain neighborhood will lower the cost of housing or make it more affordable.” The reason in which I don’t believe that is because it’s actually the opposite..the better the school district the more expensive the housing will cost because people look for good school district areas to reside in for their children and thats a factor to more expensive housing.

  2. Increasing the supply in housing or creating more buildings is a common idea but there are always some downsides to it or limitations. The lack of supply is mostly due to restrictions on zoning and building laws limiting supply. This is anecdotal evidence, but in Harlem and some parts of Brooklyn there are some abandoned buildings that we could begin working on. The problem I think is that some developers have trouble getting permits on time to develop these areas and lose out to some competition. Our geography, that is New York, doesn’t have the landscape or flat land that some suburban areas might have. “Geography plays a role in many cases. Cities in the Southwest, for instance, have a seemingly endless supply of flat land, making development easier and less costly.” (How To Make City Housing More Affordable). The south and southwest don’t have the restrictions or laws that often prevent housing in New York to increase in supply, so the south is more free that way. However, New York should focus on building up instead of horizontally. But that also has its problems as we tend to be “green” and environmentally friendly. This is a difficult topic to combat because we have ideas but these ideas have downsides. The affordable housing we have will continue to push poor families out of the city into other areas that they won’t be able to afford or like to live in.

  3. City housing affordability is at an all time high, and its crazy to think someone who makes around $30,000 a year could struggle to make rent. With DeBlasio’s Housing Plan 20-30% of all new buildings will be set aside for for lower AMI(afforadbale median income) groups. Hopefully this can make great changes, but the people that these apartments will be set aside for will mainly be lower middle class families oppose to the families who have close to nothing. Shutting down many public housing projects, deemed unsafe, which was created to increase affordable housing has caused many more issues. So Yes we need more affordable housing in Cities, but in order to do so the governemnt needs to really step up or we can llok towards the privately developed buildings. However developers typically would nt want to build low income housing buildings because they can make much more money building a luxury high rise. Many great point mentioned but it almost seems liek this issue is so largely problematic that many more steps need to be taken in order to tackle this problem.

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