What Sweden Can Teach The US About Overcoming The Housing Crisis
The housing-supply crisis in the United States has most impacted low- to moderate-income households. And, while the Earned Income Tax Credit (EITC) program plays a valuable role in increasing housing access for low-income families, there is no similar source for moderate-income households. Lacking a targeted funding scheme, the demand for moderate-income housing grows, yet the supply is negligible. There are loud voices demanding resources for moderate-income households, but there is not as yet an agreed-upon policy or viable funding format to meet that demand. Limited Equity Housing Cooperatives (LEHC) — a cooperative corporation that owns the entire site of the cooperative, including all the apartments and buildings on the site — could be a supplier of much-needed, permanently affordable housing for moderate-income households.