Affordable Housing Crisis or Shortage?: Reconciling Legal Scholarship with Free Market Solutions Over the Use of Eminent Domain for Economic Development

Authors

  • Anthony W. Cosgrove

DOI:

https://doi.org/10.5195/jlc.2018.156

Abstract

Throughout the United States, low-income families are having an increasingly difficult time finding an affordable place to live.[1] Due to high rents, static incomes, and a shortage of housing, local communities, particularly in urban areas, are struggling to fight off this wave of decline and displacement.[2] Currently in the U.S., an estimated 12 million families are now spending more than half of their income on rent.[3] According to Federal Guidelines, “[f]amilies who pay more than 30 percent of their income for housing are considered cost burdened and may have difficulty affording necessities such as food, clothing, transportation, and medical care.”[4]

A large reason for this overspending by low-income families is that the supply of affordable housing is shrinking.[5] Landlords and tenants both are adding to the affordable housing problem as “all sides are being squeezed.”[6] Today, most new construction on rental housing is for the high-end market, “not for low and middle-income families.”[7] So while the problem is clear, the cause of the problem is anything but.

This note seeks a better understanding of the current housing problems plaguing local communities around the United States. Whether it is attributable to a crisis of societal construction or a shortage in the supply of affordable housing, this note attempts to reconcile current legal scholarship on local government initiatives, and 

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Published

2019-01-08

How to Cite

Cosgrove, A. W. (2019). Affordable Housing Crisis or Shortage?: Reconciling Legal Scholarship with Free Market Solutions Over the Use of Eminent Domain for Economic Development. Journal of Law and Commerce, 37(1). https://doi.org/10.5195/jlc.2018.156

Issue

Vol. 37 No. 1 (2018)

Section

Notes

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