The Bipartisan Policy Center Housing Commission and the Jack Kemp Foundation will jointly host a timely housing forum in San Antonio, Texas March 6. The forum will feature former Secretary of Housing and Urban Development Henry Cisneros, a co-chair of the BPC’s Housing Commission, San Antonio Mayor Julian Castro, as well as leading regional housing experts and local residents whose personal stories illustrate the most pressing needs associated with the housing market. In addition, new research will be released that highlights key demographic challenges tied to the still-unfolding U.S. housing crisis. According to the Urban Institute, more young adults are living in their parents’ homes today than they were in 2000. Homeownership rates for working-age adults are down, and roughly 10 percent of residential mortgages are either in foreclosure or are at least 90 days delinquent. There may seem to be an over-supply now, but experts say cities such as San Antonio are expecting explosive population growth over the next few decades and will face the challenge of having enough housing to accommodate that growth. Tuesday’s event is the first regional forum of the Washington, D.C. based non-profit Bipartisan Policy Center. Launched in October 2011, the Housing Commission aims to reform the nation’s housing policy by crafting realistic and actionable policy recommendations that consider the near-term and address the long-term challenges in the housing sector.
(Image Credit: By Gerald R. Vimont via Wikimedia Commons)