#00004
Housing prices are skyrocketing, making it difficult for many to find affordable places to live. We need creative solutions to this crisis.
Create community land trusts (CLTs) where a nonprofit owns the land and residents own the buildings. When homes are resold, price caps ensure they remain affordable for the next buyer. Over 250 CLTs in the US have proven this model preserves affordability across generations.
Factory-built modular housing units can be produced 30-50% faster and 10-20% cheaper than traditional construction. Units are built in controlled environments (no weather delays), transported to site, and assembled in days. Companies like Factory OS and Katerra have demonstrated this at scale.
Require that new residential developments above a certain size include 15-20% affordable units. Developers can alternatively pay into an affordable housing fund. Cities like Montreal, New York, and London use this approach to ensure new construction contributes to affordability rather than displacing it.