Keaton McNeely’s Post

View profile for Keaton McNeely, graphic

University of Georgia Alum (Terry College of Business Graduate)

Local Elections Dictate Housing Policies But Lack In Turnout With the Presidential election moving into a post-Labor Day sprint to the polls, national policy is top of mind for many Americans. Kamala Harris and Donald Trump have released campaign ads touting their own housing goals and belittling the other. But local elections have a more significant impact on individual markets than presidential policy, experts agree, and need more turnout to bring about significant change. Local governments tend to be well-liked by their constituents. In a 2023 Pew Research Center survey, 61% of respondents said they felt positive about their local government, while 77% thought negatively about the federal government. Despite this, less than 30% of eligible voters vote in the typical municipal election. This lack of interest in local races could have a much bigger impact on the housing market than Americans would like to believe. “[B]ehind this veneer of goodwill is a disturbing truth: Local government is driving a housing crisis that is raising rents, lowering economic mobility and productivity, and negatively impacting wages,” The Atlantic’s Jerusalem Demsas commented. Her new book, On the Housing Crisis: Land, Development, Democracy, is a collection of essays on the topic’s history and the post-pandemic landscape. Though the affordability crisis is a national issue, the most pressing problems arise from areas covered by local officials. Local governments set policies that influence housing, including zoning and land use rules, building codes, and approval processes. Many experts point to zoning laws as a major player in America’s underbuilding. About 75% of housing-zoned land is for single-family homes, while in some suburbs, it is illegal to build apartments anywhere. “Zoning has gotten more complicated and more restrictive,” Jenny Schuetz, a senior fellow at Brookings Metro who studies urban economics and housing policy, told CNN last year. “It’s getting harder to build stuff, particularly in high-income areas that want to have a lot of control over development.” Local governments, not the Feds, set the laws that most impact building. The Biden administration has tried to address this divergence through incentives. The Department of Housing and Urban Development announced $5.5 billion in grants to be used for developing more affordable housing. Kamala Harris has proposed creating an additional $40 billion fund to help cities produce more affordable housing. But Americans who want regulation-level change must prioritize voting in their communities, where the laws relevant to them are set. “There was a time where people really cared about their local government. They saw their identities as political animals as being local, but that doesn’t exist anymore. People think of themselves as national political figures. They think of themselves as Americans much more than they identify with a specific county,” Demsas said. -themortgagenote

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics