City Council Chair: Governments need to create a housing affordability toolbox

Housing affordability is the biggest challenge we face today, as the red-hot housing market puts homeownership out of reach for many and skyrocketing rents leave cost-burdened tenants with fewer options.

With our region’s population exploding, local governments are grappling with a tough challenge: How do we ensure there are quality housing options for people at all income levels?

There is no single magic bullet for addressing housing affordability. Rather, governments must create a toolbox that contains a variety of common-sense solutions. Funding is a significant tool, of course, but there will never be enough public funds to eradicate this problem alone.