Many cities faced with lack of housing supply are forming new initiatives, collaborations, councils to focus on the issue. Here is a look at the measures that Boston is taking, and the metrics they are tracking.
It has been one disappointment after another for Maxwell Sparr of Brighton. For months he has been searching for a house or a condo in Boston.
“This is the fifth or sixth property that I have lost out on,” he said, pointing out a perfectly manicured duplex in Roslindale, his latest disappointment thanks to an above asking all-cash offer.
High prices, bidding wars and cash investors have made house hunting a frustrating experience for all but the very wealthy in Boston and many of the suburbs.
“To a person like me who is a first-time home buyer, it’s extremely frustrating to not even have a chance,” he said.
It is an all-too common story and one that worries Marcy Ostberg of Boston’s Housing Innovation Lab.
“There is a risk of losing our middle class and we’ve got to figure out how to keep them here,” she said.
As director of the Lab, it is Ostberg’s job to figure out how.
“We need to be creative in how we can build affordable housing at different income brackets,” she explained.
Ostberg and her team are tasked with helping meet the City’s goal of creating 53,000 new housing units by 2030.