A new approach on housing affordability

Source: Editorial board, New York Times (Paid Registration)

A growing number of Americans are struggling to cope with the high and rising cost of rental housing in the United States. Democratic presidential candidates are promoting industrial-strength plans to ease the pain. The ideas come in two flavors: subsidies for renters, and efforts to increase construction.

More market-rate development is a worthy goal, because middle-income households increasingly are unable to afford housing in the metropolitan areas where economic opportunity is concentrated. Expanding the supply of housing also helps low-income families who might otherwise find themselves priced out of their apartments.

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