The American housing market is in crisis, with young people unable to afford homes due to a lack of new construction, high prices, and restrictive zoning laws, and the federal government needs to take action to address the issue.
California’s trickle-down housing policy has failed to alleviate the state’s housing affordability and homelessness crises, fueling gentrification, displacement, and evictions in working-class communities, and advocates are calling for a three-part strategy known as the “3 Ps” to address the crisis.
Despite the buzz around “abundance” in housing policy, advocates are warning that prioritizing luxury development over deeply affordable homes will exacerbate inequality, displace vulnerable tenants, and fuel homelessness.