Airbnb is launching an initiative to consider how to address the national issue of housing affordability, with a focus on increasing supply and lowering prices.
The company announced Wednesday. Establishment of new housing councilchaired by former Baltimore Mayor Stephanie Rawlings-Blake, who is also president of the U.S. Conference of Mayors.
The council will advise the company on partnerships and initiatives to increase housing supply, according to a news release about the initiative. The group will also consider how vacation rental companies can work with cities on short-term rental policies. The newly formed council will inform Airbnb on its “affordability policy framework and research.”
“As a former mayor, I know the challenges municipal leaders face when addressing housing issues in their communities,” Rawlings-Blake said in the release. “There are no shortcuts or easy solutions to this crisis. This crisis has been years in the making and will require a coordinated, long-term effort to address. All local stakeholders in both sectors must work together to strengthen America’s housing supply.”
of the price of the house has doubled From 1998 to 2021, land prices increased by 60%, and from 2012 to 2019, land prices increased by 60%. All of these factors contribute to the crisis facing the American populace.
Mayor Levar Stoney of Richmond, Virginia, Clarence Anthony, CEO and executive director of the National League of Cities, and other housing experts and advocates will also work with Rawlings-Blake.
Airbnb has dealt with backlash against expanding into smaller communities. Some Airbnb host was accused It reduces local housing supply and causes price increases.
Vacation rental companies are supporting several initiatives in several states to address the affordability crisis.
In 2022, the company will supported Colorado's efforts The purpose is to use taxable income to increase the housing stock in the state. He also donated $3 million for support. California-based housing nonprofit.
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