| If you couldn't make the ULI Fall Meeting and Urban Land Expo this week at the DC Convention Center, don't fret—Bisnow's got you covered. In the opening general session, panelists told a crowd of 4,000 that the American dream won't involve homeownership for everybody. Former HUD Sec. Henry Cisneros says the government should focus on creating policies that allow for more decent rental housing near public transit, while Enterprise Community Partners'Bart Harvey says rental housing affordability hasn't increased because of complications the patchwork of government programs created to help out low-income renters. Former HUD Secretary Steve Preston says the government has spent $48B on housing programs this year, but the lack of definition in the programs has not increased home building, which is crucial to creating jobs. Trammell Crow Residential's Ron Terwilliger says his company hasn't delivered any new units in 2009 or 2010 so far, and that eventually the 35% of Americans who rent will need more than the 75k units that are being delivered annually. |
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