We have an affordability issue that building home pricing has increased with inflation. Its difficult to build with interest rates, insurance costs, capital gains and taxes. There should be breaks on building home inventory. Reduction in capital gains, tax rates for builders and investors.
Further their should be a zero money down true first time loan similar to VA loan for first time home buyers to open the opportunity to more people.
The cost of building is high which is making the cost of homeownership to high for entry level buyers.
Lower interest rates, lower taxes and insurance with reduced capital gains would open the market to investors and builders to produce the homes needed to balance the housing shortage.
Also look at changing how people are allowed to rent.
Rent prices are crazy! Single moms can barely afford their rent and if they make less than a certain amount have a hard time getting housing because the list is so long because of the high rent rates.
Also, stop discriminating against former felons. Most places won’t rent out to people who have an arrest record. I can understand if it was a child abuse/sex abuse or other violent crime but former drug addicts need to be given the opportunity to rent a decent place. It will keep them off the streets, keep them from relapsing and save the tax payers money because these people aren’t rotating back into jail.