Republicans are taking action to lower the cost of housing for Wisconsinites. A package of bills introduced this week, includes legislation that creates loan programs to build infrastructure for housing developments, convert vacant commercial buildings into homes, rehabilitate housing above commercial businesses, expand existing home rehabilitation programs, and limit the ways local governments can step in to stop new housing developments.
According to the Wisconsin Housing Economic Development Authority, "affordable housing" is defined as housing costing no more than 30% of gross income on living costs, including utilities. Wisconsin is facing a housing crisis, it's a problem affecting urban, suburban and rural parts of the state alike.
Since the pandemic, home prices have soared as buyers compete for a limited supply of homes. Milwaukee Journal Sentinel recently wrote an article on how construction and home ownership has slowed.
This is not a partisan issue. At least one Democrat has already signed on and hopefully more will be proud to vote for this package when it comes to the floor.