• State and local housing funds are transformative: The emergence of dedicated funds for housing at the state and local level, some of which were approved by voter referenda, was seen as the most effective individual intervention to increase affordable housing availability. • America’s housing policy is learning from the past. Respondents agreed that the overall effectiveness of affordable housing policies has steadily increased over the past decade. “What’s clear from the survey findings is that individuals and companies in every sector have a role to play in addressing the affordable housing challenges we face, and making progress requires strengthening the ways in which we work together,” said Jacqueline Waggoner, president of the Solutions Division at Enterprise. “As communities weather the Covid-19 pandemic, we should learn from recent history and not allow support for affordable housing to wane once the worst of the current crisis has passed.” Based on the survey findings, Enterprise and NHPF recommend a series of policy recommendations, including: • Leverage society’s current urgency to address persistent racial and ethnic disparities in accessing, keeping quality housing. The report recommends strong enforcement and potential expansion of anti-discrimination legislation such as the Fair Housing Act and the Community Reinvestment Act. • Redouble efforts to assist all underserved populations. Although respondents believe the needs of veterans and seniors are being at least adequately met, every other group – unhoused Americans, people with disabilities, the formerly incarcerated, rural populations and those with lower incomes in general, are all perceived to be inadequately served by existing policy. • Create/expand automatic stabilizers for the housing market. Given the difficulty of passing meaningful and impactful legislation during acute crises or periods of pronounced economic or political strain, Congress should fund programs that act as affordable housing stabilizers, delivering much-needed support tailored to fit the needs of all stakeholders in the housing ecosystem. • Support programs that grow the supply of affordable homes by increasing capital, unearthing novel capital sources. Increased funding for the Low- Income Housing Tax Credit, Capital Magnet Fund, and other programs that facilitate the development and preservation of more affordable rental units would have an outsized impact.
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