The Wisconsin Capitol’s latest proposal to find more affordable housing in the state focuses on red tape, builders and young people.
A handful of Republicans presented their housing reform plan on Thursday. Among the proposals, the focus is on cutting red tape, granting tax credits to developers and builders for the construction of new homes, and encouraging local communities to allow more homes to be built. .
“We need to look at the regulations,” Representative Rob Summerfield, R-Bloomer, said at a press conference at state headquarters. “Local communities also need to look to see what they can do to help. “
The Republican number two in the Assembly, Representative Jim Steineke, R-Kaukauna, said the lack of affordable housing was pushing up the price of housing, especially early houses.
“The Wisconsin media age for first-time home buyers is now 33,” Steineke explained. “Wisconsin is experiencing a migratory deficit with individuals aged 20 to 24. Wisconsin also has the lowest homeownership rate for households aged 25 to 34 and 35 to 44 than any neighboring state except Illinois.
Steineke is a real estate agent himself.
He said the lack of housing was hurting the state’s efforts to keep young workers and young families in Wisconsin.
“When you have younger kids coming out of college and getting their first job, and they can’t afford their first home because of the rising prices and lack of available housing, that’s a problem. serious problem.
Mary Duff, of the Wisconsin’s Realtors Association, said this was not only a problem in high growth areas like WOW counties or Fox Valley.
“It’s a shortage that comes from many angles,” Duff said Thursday. “We lack new constructions, we lack the capacity to develop lots. “
Democrats in the Wisconsin Capitol, including Governor Evers, have come up with their own affordable housing plans. These proposals, however, are aimed at helping people pay their rent or helping people find apartments in high demand areas.
It’s unclear when Republicans plan to vote on their new housing plans.