The essential reforms needed to fix the housing crisis

America is in the grip of a severe housing crisis. Tenants have seen rents rise 26 percent while home prices have soared by 47 percent since early 2020. Before the pandemic, there were 20 US states considered affordable for housing. Now there are none. And 21 million households—including half of all renters—pay more than one-third of their income on housing. Harvard Kennedy School Associate Professor Justin de Benedictis-Kessner and former Burlington, Vermont Mayor Miro Weinberger say that’s because homebuilding hasn’t kept up with demand. They say housing production is mired in a thicket of restrictive zoning regulations and local politics, a “veto-cracy” that allows established homeowners—sometimes even a single disgruntled neighbor—to block and stall new housing projects for years. Weinberger, a research fellow at the Taubman Institute for State and Local Politics, and de Benedictis-Kessner, whose research focuses on urban policy, say even well-intentioned ideas like so-called “inclusionary zoning” laws that encourage mixed-income housing development may also be contributing to the problem. They join PolicyCast host Ralph Ranalli to discuss how housing became a affordability nightmare for millions of people. During this episode, they offer policy ideas on how streamline the inefficient and often subjective ways home building projects are regulated and how to level the democratic playing field between established homeowners and people who need the housing that has yet to be built.