Harris’s plan tried to move both sides of the constraint. More overall housing supply (target of ~3M new homes) plus funding aimed specifically at affordable rental construction. The second part matters most for the 35-per-100 problem, because extremely low-income rents usually don’t cover the cost of building new units without subsidy.
Harris’s plan tried to move both sides of the constraint. More overall housing supply (target of ~3M new homes) plus funding aimed specifically at affordable rental construction. The second part matters most for the 35-per-100 problem, because extremely low-income rents usually don’t cover the cost of building new units without subsidy.