Homeownership is more common in the United States than in most other developed countries. Not only does owning a home provide shelter and stability but also it has become a way to save and build wealth.
It is not news that the Trump Administration was successful in getting the controversial Tax Cuts and Jobs Act of 2017 passed late last year.
A little over 100 years ago, Model T cars began rolling off assembly lines, and, though he didn’t invent the process, Henry Ford is often credited with mass production that made cars more affordable – to address a need.
“Housing ‘crunch’ now a crisis,” the Boston Globe headline read. “Massachusetts legislators have an answer.”
We all look forward to the fall. Except when everything’s back in full swing and you are trying to get anywhere. Traffic is on everybody’s mind, and system solutions are needed to serve our region’s growth plan.
For one week last month, while many Americans were on vacation, thousands of people across the country mobilized around a cause that most people seldom think about but that affects millions of people – having a safe and affordable place to call home.
All of us need housing which is affordable. That means having real housing choices at the right price for individuals and families.
For many years, even as the supply of homes has increased gradually in Eastern Massachusetts, the continuing demand was so great that housing prices and rents seemed to unrelentingly increase. They dipped in the Great Recession but have continued to march upward.
Between the national marches and the local rallies, these are political times. Of lesser notice is the emergence of an important grassroots movement designed to challenge a major obstacle to building more housing.
Housing is in short supply in our region, particularly housing that serves the needs of the fastest growing demographics in our region: young professionals and seniors.
Federal low-income housing tax credits have been a success. In their 30 years of existence, fostering investment in building homes, they have helped create 3 million units of increasingly needed housing.
Housing costs and housing affordability are on everyone’s mind in Massachusetts. Whether you are trying to put down roots, hire an employee, or stay more closely connected with grandchildren on something other than Skype, you know that we desperately need a lot of new places to live in the commonwealth.