Bipartisan Housing Bill Aims to Increase Affordable Homes Nationwide

Rising home prices continue to outpace income growth in many American communities, with Amarillo, Texas, experiencing a 42% increase in median home prices since 2020 despite maintaining one of the lowest price-to-income ratios among similar-sized cities. In Davidson County, Tennessee, the median home price now exceeds five times the median income, prompting local leaders to discuss new strategies to address affordable housing shortages. At the federal level, bipartisan legislation known as the Housing Affordability Act has been introduced to modernize outdated FHA loan limits, making it easier for developers to finance multifamily housing for working families. Meanwhile, local initiatives like the Stanwood Crossings project in Portage, Michigan, are leveraging a combination of grants, tax strategies, and community land trusts to lower costs and improve access for moderate-income buyers. These efforts reflect a nationwide push to make both rental and home ownership more attainable as affordability challenges persist.