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Innovative Solutions for the Housing Crisis

ssir.org · 1,778 words · saved by 1 readers

Six pathways to making housing more affordable and available from the Ivory Prize for Housing Affordability.

(Photo courtesy of Ivory Innovation) The nation is experiencing a major housing shortage coupled with a crisis of housing affordability. "New housing supply is not keeping pace with rising demand," warns Sam Khater, Freddie Mac's chief economist, citing a shortage of about 300,000 units a year. And innovation can have a significant impact. But as Matt Ridley recently stressed in the Wall Street Journal , we need to rethink the incentives for innovation, "to expand the use of prizes, to replace the reliance on grants, subsidies, and patents." Prizes provide the opportunity to identify innovatio

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