ICYMI: Kennedy in The Hill: Congress must hold cities accountable for holding back first-time home buyers

MADISONVILLE, La. - Sen. John Kennedy (R-La.) penned this op-ed in The Hill explaining how his Build Now Act would incentivize cities to build more housing.

Key excerpts of the op-ed are below:

"The market for first-time home buyers in America is dismal. Since 2021, the annual income needed to qualify for a mortgage has increased by 60 percent, driving the median age of a first-time home buyer to 38 years old - a record high.

"One reason young Americans are struggling to buy their first homes is that we aren't building enough of them."

. . .

"Sen. Elizabeth Warren (D-Mass.) and I introduced the Build Now Act to incentivize new home construction by tying each city's funding through the Department of Housing and Urban Development's Community Development Block Grant Program to their rate of homebuilding."

. . .

"The U.S. is the freest, most prosperous nation in the world. Buying your first home shouldn't feel like a pipe dream. It's time to start rewarding the cities that are working hard to make homeownership a reality for American families - and stripping funding from those that don't."

Read Kennedy's op-ed here.