Charleston Metro Chamber Of Commerce: The Advocates: Housing Solution

Charleston SC

18 June, 2022

2:32 PM

Description

Press release from the Charleston Metro Chamber of Commerce: June 10, 2022 Housing attainability continues to be a top priority for us and serving as the Housing Executive Fellow has given me a chance to take an in-depth look at the region's efforts to tackle this challenge. At a recent Coffee with the President, I shared updates with our Leadership Circle members about my work and engaged in dialogue around the housing crisis. The discussion revolved a lot around the fact that an estimated 38 people move to our region a day and there simply isn't enough housing supply to keep up with the increase in residents. The cost of housing is also rising twice as fast as wages, which results in a strain on families having to spend more than 70% of their income on housing. To tackle this problem, governments, private and non-profit sectors will have to collaborate to create policy and development opportunities for the housing options that we need. The Chamber supports policies that increase supply, decrease costs and encourage free market solutions. Where the free market is unable to perform, we support policies that push for unique limited government solutions. This press release was produced by the Charleston Metro Chamber of Commerce. The views expressed here are the author's own.