Latest Posts





Neel Kashkari on Affordable Housing-Only the private sector, through increased housing supply, will be able to address the affordable housing crisis

Affordable housing is a big and growing issue in most parts of the country. Local, state and federal governments have continued to expand subsidy programs that help low income individuals offset some housing costs. This has been in contrary to research suggesting more effective measures should be geared towards increasing supply.

I do applaud the new direction the Fed is taking to possibly focus on the supply side. During the America’s Rental Housing Report Release, Neel Kashkari emphasized the need to incentivize the private sector to increase housing supply. Mr. Kashkari made the following points, among others, which I agree should drive housing policy;

  • Affordable housing affects not only very low income individuals but also  middle class workers.
  • There is simply not enough money in any of local, state or federal government budgets to scale subsidy programs to all individuals who need help in affording a place to live.
  • Only the private sector can move in and address the supply problem at a larger scale.
  • If the private sector builds more units, even market rate units, it adds to the supply to a region, which ends up creating space for everybody.





Upcoming Events

  • Morning in Minnesota: St. Cloud

    Location: St. Cloud

    Sign up HERE! Courtyard by Marriott St. Cloud 404 West Saint Germain Street St. Cloud, MN, 56301 Please join Center of the American Experiment on Tuesday, July 21 for breakfast with Center policy fellow and education expert Catrin Wigfall as she explains K-12 education in the state and its persistent disparities despite decades of increased spending. Following her presentation, Catrin will lead a Q&A session. 7:30 AM Check In and Breakfast 8:00 AM Presentation 9:00 AM Conclude   Catrin Wigfall is a Policy Fellow at Center of the American Experiment. She is also the director of EducatedTeachersMN and EmployeeFreedomMN. Catrin’s…

    Register Now
  • Kristi Noem: The Courage to Reject a Shutdown

    Location: Online

    Sign up HERE! Join us Wednesday, July 8th for an interview with South Dakota Governor Kristi Noem over Zoom. In response to COVID-19, Noem defied the norm of a statewide shutdown and let South Dakotans choose for themselves what safety precautions to take. Tune in to this live online event to hear how Governor Noem preserved her state’s economy while still keeping citizens safe. Wednesday, July 8th at Noon CT Sign up HERE!  

    Register Now
  • Morning in Minnesota: Marshall

    Location: Marshall Golf Club

      Sign up for this event HERE! Please join Center of the American Experiment on Thursday, July 16 at Marshall Golf Club for a breakfast with Center economist, John Phelan, as he discusses Minnesota’s economic future. Following his presentation, John will lead a Q&A session. 7:30 AM Check In and Breakfast 8:00 AM Presentation 9:00 AM Conclude John Phelan is a graduate of Birkbeck College, University of London, where he earned a BSc in Economics, and of the London School of Economics where he earned an MSc. He worked in finance for ten years before becoming a professional economist. He…

    Register Now