Housing Supply Solutions: Facilitating Community Partnerships

Aspiring homebuyers face profound challenges due to supply-side factors that increase the cost of construction and limit inventory, particularly for certain market segments such as entry-level housing. Finding an affordable place to live can be a daunting task for these renters and would-be homebuyers. 

A number of broad economic and market factors are at play here, such as the cost/availability of labor, prices for building materials, and environmental policies. There are also difficulties that are more local in nature, such as zoning/permitting approval and the cost and availability of developable lots. While national leadership is necessary and federal policy changes could assist, there is no cure-all national strategy. Thus, the challenges of increasing housing supply must be addressed one community at a time by the citizens, policymakers, and other stakeholders who live, work and invest in their cities and regions.

The Importance of Increasing Housing Supply

The Mortgage Bankers Association (MBA) believes it can do more to help communities address the shortage of affordable homes. First, MBA and its national partner associations can offer national thought leadership on these economic and market conditions and help organize data and other resources for state and local stakeholders. We can also reach out to other national stakeholders, including business and consumer organizations, to encourage them to marshal their resources in this effort. MBA can also assist in media communications and public affairs to help generate more attention to solutions coming out of any local efforts and collaboration. Such media coverage could help spread the word about good ideas and approaches being tested in one part of the country that could serve leaders elsewhere. Lastly, MBA can also help lend direct industry support to community efforts, principally through existing partnerships among our state and local associations.  

This tool kit is intended to serve as a resource for state and local stakeholders willing to volunteer their time and talents to help their neighbors and communities tackle the challenges they face in creating more affordable housing. The kit includes information and links to data sets, case studies, and news items that speak to the lack of supply of affordable housing.

Important Research and Analysis of Relevant Economic and Market Data

More Research and Analysis of Relevant Economic and Market Data

Case Studies

State and local mortgage lending associations around the country are engaging with their local stakeholders and policymakers in discussing the challenges of affordable housing supply. As they do this important work to help their communities they are providing MBA with short summaries of the specific issues they are addressing with localized approaches. 

By sharing the great work of our state and local leaders around housing supply and affordability, we hope for this to be a valuable resource for other leaders investing in improving their communities. Please click below to learn more about some of MBA's state and local partners who would like to share their accounts/stories. If you would like to share your own summary, please contact Krystal Thomas at MBA.  

Additional Resources

Southeastern Rental Affordability Tracker, Federal Reserve Bank of Atlanta, November 2018

Unlocking Insights from the Nation's Leading Housers: The Affordable Housing CrisisU.S. Department of Housing and Urban Development, November 2018

Addressing Your Communities Supply and Affordability Needs, National Association of Realtors, 2018

Local Housing Solutions, NYU Furman Center, Abt Associates, October 2018

Creating Channels of Opportunity in Diverse & Emerging Homebuying Markets, February 2018

The State of the Nation's Housing 2018, Joint Center for Housing Studies of  Havard University, 2018