The United States is facing a serious crisis of housing prices while President Donald Trump, who has been nominated as Secretary of Housing Urban Development (HUD), is waiting for the Senate’s approval. While listening to the approvalTurner explained: We need millions of houses. “
However, in order to solve the housing crisis, Turner needs to prioritize deregulation, streamline HUD budgets, stimulates private investment, and expands the opotian zone to deal directly on the shortage of housing.
The lack of American housing is surprising. According to research, it is presumed that this country needs above. 3.8 million additional housing To meet demand. Rent and housing prices are soaring to worker households, low -income households, and first housing buyers.
The government occupies a major part of the problem. President Trump issued the following Presidential Ordinance on the first day of his new appointment. Provide emergency price relief to American families and overcome the crisis of living expenses。 He pointed out that soaring housing prices accounted for a recent analysis of 25 % of the construction costs of newly built houses.
Turner’s approval hearing gave a bipartisan agreement that one of the fundamental causes of the domestic housing price crisis was lacking in housing.
Mr. Turner said in the committee’s opening statement that “the country has not been able to build enough housing.” “We need more millions of houses, such as a single -family house, apartments, condominiums, duplets, and manufactured houses, so that individuals and families have roofs overhead and have a place to be called home. “
“I agree that the United States I agree with Tina Smith in Minnesota,” The United States needs to add more housing in the full range and needs to increase the supply to reduce rent. I think … it is a basic supply, “house”
Because housing ownership is Main propulsion of household wealth While 73.8 % of American white people own houses, only 45.9 % of black AmericansThe shortage of affordable housing emphasizes how this crisis has an impact on the black family. This is not just a housing crisis, but a barrier that hinders economic fluid, and requires immediate and comprehensive actions.
“Everyone knows that in this country is a path that creates wealth, and that is one of the reasons why the races between blacks and white people are 10 to 1.” Virginia Democratic Senator Mark Warner pointed out to Turner.
As a leader in the $ 72 billion federal agency, Turner’s approach to these issues will determine whether HUD can fulfill the mission of providing affordable and sustainable houses.
In addition to deregulation, Turner’s views on HUD budgets show another new approach to operating this division. “We must make the most of our budgets,” said Turner, and expressed his intention to focus on the effects of the program rather than expanding the federal expenditure. As a result, he decided to conflict with the Democratic Senator, including Elizabeth Warren, who believed: Increase in expenditure It is important to respond to price reductions.
However, increasing expenditures does not necessarily be a solution. In fact, according to the U.S. National Insurance Inspect, due to soaring land and construction costs. Pressure to the program In recent years, costs have increased significantly, including HUD’s self -aid housing own opportunity program.
Turner argues that instead of expanding his budget, he will rationalize and reconsider existing resources to use taxpayers more efficiently. This approach may promote better results, especially when combining with a narrowed regulation change to reduce the barriers to affordable housing development.
Another proposal that Turnner proposed to promote economic growth, raise wages, and make houses more affordable is the expansion of the Oopotunian zone.
The Oopochunge Zone is a designated area that is encouraged by private companies. Tax reduction Investing in a community that has not received historically sufficient services. These incentives promote employment creation, support local companies, and encourage the spirit of entrepreneurs. This program, which was introduced by tax reduction and employment law in 2017, aims to revitalize regions that are economically suffering by attracting private investment in areas with high poverty and low -income median levels. There is.
Mr. Turner has directly seen the advantages of these zones when he was an executive director of the White House opportunity and revitalization council.
In that role, Turner has been closely linked with stakeholders to promote the growth of the Opotunian zone, contributing to creating billions of dollars in a community that has not received enough services. For the first two years of the program, these zones are Procplemented $ 75 billionCreated thousands of employment and rescued many from poverty. This success is especially noticeable in areas where black households and Hispanic households, which have the most prominent economic issues, are concentrated.
The expansion of the octopus zone can greatly enhance the economic luxury of the alienated community, and to support the family to establish wealth and access housing ownership. Turner increases the investment of the private sector in these fields, which can lead to long -term economic revitalization, which has become more affordable, increasing wages, and reduces poverty. I see that there is a possibility.
Mr. Turner’s approach to the housing crisis focuses on deregulation, efficient use of resources, and the expansion of the ocsnie zone, revitalizing the community that has not received enough services, and all Americans. Provides a comprehensive strategy to make it more affordable.
Donna Jackson Our America He is also a member training director of the Black Leadership Network.
The views and opinions described in this commentary are the author, not the official position of the Daily Corporation Foundation.
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