Housing affordability and accessibility are national issues impacting cities and communities from coast to coast. Solving Kentucky's housing supply gap is a collective effort that will take the help of cities and counties, business leaders and local decision makers, the housing community, the financial community, nonprofits, governmental agencies, developers, and builders.
Ideas in Practice
Learn how other states and agencies are addressing their housing gaps.
Kentucky
National
National Association of Homebuilders
Blueprint to Address Housing Affordability Crisis
With a nationwide shortage of roughly 1.5 million housing units that is making it increasingly difficult for American families to afford to purchase or rent a home, the National Association of Homebuilders (NAHB) provides this 10-point housing plan to help tame shelter inflation and ease the housing affordability crisis by removing barriers that hinder the construction of new homes and apartments.
- Eliminate excessive regulations;
- Promote careers in the skilled trades;
- Fix building material supply chains and ease costs;
- Pass federal tax legislation to expand the production of affordable and attainable housing;
- Overturn inefficient local zoning rules;
- Alleviate permitting roadblocks;
- Adopt reasonable and cost-effective building codes;
- Reduce local impact fees and other upfront taxes associated with housing construction;
- Make it easier for developers to finance new housing; and
- Update employment policies to promote flexibility and opportunity.
Details on each point are available at https://www.nahb.org/advocacy/top-priorities/solving-the-housing-affordability-crisis/housing-affordability-blueprint.
Related Resources
National League of Cities - Housing Supply Accelerator Campaign: A solutions-oriented campaign to improve local capacity, identify critical solutions, and speed reforms that enable communities and developers to work together to produce, preserve and provide a diverse range of quality housing by realigning the efforts of public and private stakeholders in the housing sector to meet housing needs at the local level.
Terner Center Housing Lab: Established in 2015, the Terner Center is a leading voice in identifying, developing, and advancing innovative public and private sector solutions to the nation's most intractable housing challenges. A core focus area is “Increasing the supply and lowering the cost of housing in ways that align with equity and environmental goals."
Local Housing Solutions (LHS): LHS is a one-stop housing policy platform with actionable tools and step-by-step guidance to help cities develop, implement, and monitor local housing strategies. Developed for policymakers and practitioners from cities of different sizes and different levels of resources and technical capacity, LHS presents resources to support housing strategies. Launched in 2018, LHS was developed through the National Community of Practice on Local Housing Policy, a joint project of the NYU Furman Center and Abt Associates.
Main Street 2023 Housing Guidebook for local leaders
Building A Foundation for Growth: The Kentucky Chamber of Commerce's Center for Policy and Research's report on the state's ability to meet its current and future housing needs. It identified that 96% of Kentucky leaders say there is not enough housing in their respective communities, and the current housing stock is aging, not affordable, and inadequate to meet Kentucky's needs. The report projected Kentucky would need to build 529,000 new units by 2050 to keep pace with the population demand, and it provided policy solutions that support economic development and sustainable growth.
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