
The U.S. housing market crisis has been marked by tight inventory and high prices, but two economists pointed to a source of affordable homes that could be unlocked by amending a federal law from 1974.
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The U.S. housing market crisis has been marked by tight inventory and high prices, but two economists pointed to a source of affordable homes that could be unlocked by amending a federal law from 1974.
“In commercial banking, they talk a lot about ‘We want to help with affordable housing, so let’s build apartment complexes,'” says Tina McKinstry, a member of Takesa Village, a resident-owned mobile home park in Mead. “You’re making a landlord rich. You’re not making the people rich. With [co-ops], you’re making the people rich.”
“It is great to see a community gain control of its future like Meadowood has,” Littleton City Manager Jim Becklenberg said. “I am very pleased that the city was able to help the residents persevere through the process in a very modest way that resulted in more protected and affordable housing for the community.”
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