Andrew Ginther Calls for ‘Marshall Plan’ to Address Housing Crisis in America

RUSH TRANSCRIPT:
Dean: “You have called on the president and for Congress to act. What could they do to help with the housing crisis in this country?”
GINTHER: “We have underbuilt in American cities since before the great recession and that‘s an issue that‘s just compounded over the last 12 or 14 years. We know where several million housing units short right now in America and based on our data and survey results, we think that gap is going to grow by maybe up to 2 million over the next five years. So we‘re calling for a Marshall plan. We‘re asking the federal government to step up and invest in housing the way we have infrastructured other things over the last several years. We know that the best way for us to tackle this housing crisis is to deal with the supply crisis that‘s going on right now. We know median rents and home prices have grown far faster than wages. We know that a record number of folks across our country are spending upwards towards 50% of their income toward housing. We know this isn‘t sustainable, and that‘s why we want to work with the administration and the Congress to make sure that there are safe, affordable housing for folks in our communities all across the country. This is the most important issue facing American cities.”