All NEW Investors: Your gift matched $ for $ this week! GIVE NOW

Sen. Warren goes after housing affordability

Mitchell Hartman Oct 3, 2018
HTML EMBED:
COPY
A worker carries lumber while building a new home in Petaluma, California. Justin Sullivan/Getty Images

Sen. Warren goes after housing affordability

Mitchell Hartman Oct 3, 2018
A worker carries lumber while building a new home in Petaluma, California. Justin Sullivan/Getty Images
HTML EMBED:
COPY

We keep hearing about an affordability crisis in housing. Home prices and rents are going up, while wages aren’t keeping pace. Add to that the shortage of homes for sale because builders aren’t building enough and current homeowners aren’t putting their homes on the market. Sen. Elizabeth Warren (D-Mass.) recently introduced legislation to address the dearth of affordable housing. Warren’s bill would pump $50 billion a year into affordable home and apartment construction through local housing agencies and nonprofit developers.

Click the audio player above to hear the full story. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.