The ROAD (Renewing Opportunity in the American Dream) to Housing Act is a bipartisan bill now making its way through Congress.
And as today’s guest, Alex Armlovich, and his colleagues at the Niskanen Center argue, it is “the first comprehensive bid to tackle the roots of America’s affordability crisis in a generation—it correctly identifies, and takes initial steps to attack, the interlocking barriers to housing abundance at every level.”
Not only that, but the bill is “miraculously bipartisan, and its negotiation and development exhibited a stunning, almost anachronistic return to the old Senate tradition of depolarized collegiality and bipartisan problem-solving.”
But before discussing the contents of the bill, Alex and Cardiff first talk about recent shifts in housing-policy alliances, the roots of the housing affordability and availability problem, housing experiments that have worked (and haven’t), the roll of the “Abundance” movement, and the genuine collective-action problems that housing advocates too often ignore.
Then they break down the ROAD to Housing Act into three main buckets, going into detail on each: 1) Regulatory reform, 2) carrots and sticks, and 3) financing and funding. They also comment on what the bill would fix and what it wouldn’t, and its chances of becoming law.
Finally, Alex and Cardiff reflect on housing, construction, and the nature of physical change in New York City, where both have spent the bulk of their adult lives.
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