By Nolan Miles
P3 Kentucky Staff Writer
A new coalition has been created by fourteen mayors and CEO’s to find a solution to a lack of affordable housing in cities across the United States. The Mayors & CEO’s for U.S. Housing Investment coalition hopes to launch three public-private partnership programs and combat federal funding cuts to housing programs.
A double-edged sword, declining affordable housing programs affects a city’s economic development opportunities. Lack of affordable housing can hinder local economic prosperity, making it more difficult for companies to recruit employees.
Mayors in Los Angeles, Phoenix and Atlanta are among the group seeking to address the lack of affordable housing in their cities. Click here to read what members of the coalition have to say.