Yes, but it’s not possible to solve the national crisis with this program alone. We must also create opportunities to attract private sector investment.
When we're dealing with the need to build millions of homes, and the per unit cost through a program that's designed specifically for affordable housing can be hundreds of thousands of dollars, we have to realize that, if we're going to spend our way out of this, we will be waiting a very long time.
We need to continue to directly invest in affordable housing projects through initiatives such as the rapid housing initiative, but we also need to create the framework and conditions for home builders to build based on the economics of the project, not just the scale of the subsidy. We need to pursue both tracks to grow the supply by changing the system, but we also need to continue to make the investments necessary to build dedicated non-market housing.