Housing
Aerial view of suburban American homes
America’s housing crisis has reached a tipping point. No longer limited to the coasts, cities and metropolitan areas across the country are experiencing a supply crunch, rising rents, and tough questions about housing attainability. To navigate the nation through this volatile and complex period, the Nowak Metro Finance Lab at Drexel University, in partnership with Accelerator for America, launched the National Housing Crisis Task Force (Addressing America’s Housing Crisis | National Housing Crisis Task Force) in July 2024, an ambitious, two-year project. The Task Force, co-chaired by Republican Governor Spencer Cox (UT), Democratic Mayors Andre Dickens (Atlanta) and Justin Bibb (Cleveland) and Fifth Third Bank executive Susan Thomas, is a bipartisan, multisectoral effort meant to address the most challenging components of the housing crisis today. The work of the National Housing Crisis Task Force builds off previous research conducted by the Nowak Metro Finance Lab into the changing nature of America’s housing market today.
Recent Publications
The National Housing Crisis Task Force has released tools to help communities tackle the housing crisis. The State and Local Housing Action Plan highlights innovative strategies in land use, capital, construction, regulation, and governance. With reduced federal support, state and local leaders can use these tools to boost housing production and affordability. Initial tools focus on zoning reforms, tax incentives, and modular construction.
The U.S. housing system, long supported by consistent federal policies, faces unprecedented uncertainty due to recent government shifts. While programs like the Low-Income Housing Tax Credit and Housing Choice Vouchers have historically underpinned affordable housing, new administrative actions threaten to disrupt this stability.
Housing investment lags as private capital prioritizes data centers amid AI growth. Despite a shortfall of over 20 million units, systemic barriers like overregulation and high costs deter new development. A complete reimagining of the housing ecosystem is crucial to address this urgent need and unlock its potential as a major investment opportunity.
View all of our Housing publications