JULY 2021
SPAAR's Housing Affordability Task Force
The U.S. is facing a massive shortage of housing supply. Freddie Mac says that, “As of the fourth quarter of 2020, the U.S. had a housing supply deficit of 3.8 million units.” Things may be even worse according to National Association of REALTORS®, “when the loss of existing units, through demolition, natural disaster or functional obsolescence is combined with the underproduction of new housing units relative to household formation, the implied cumulative housing demand-supply gap totals 6.8 million units.” This is a major problem; the continued lack of supply means housing is becoming less and less affordable.
This is why SPAAR has decided to create and convene a Housing Affordability Task Force, made up of SPAAR members including both Realtors® and lenders, as well as SPAAR staff. Together, they represent a diverse collection of voices and perspectives who share a key understanding: a shared knowledge of the current challenges of Housing Affordability and the significant impact to families and individuals in our communities.
This Task Force has met a few times already, brainstorming ideas for how SPAAR can contribute to solving this serious problem. The Task Force intends to work with stakeholders, particularly local governments, and nonprofit organizations, to implement the Task Force’s ideas.
The Task Force will be putting out a News Release shortly to announce its formation, and will publish other documents, like strategies to address the Housing Affordability problem, as the work of the Task Force continues.
SPAAR's Candidate Endorsement Process
Believe it or not, it is almost that time of year again. Yes, some of you will have another opportunity to get out and vote this year.
There are about 30 local elections we are watching as November approaches. There are City Council seats on the ballot in Centerville, Circle Pines, Columbus, Lino Lakes, Rosemount, Red Wing, Falcon Heights, White Bear Lake, Lonsdale, and Mahtomedi.
Mayoral seats in Saint Paul, Centerville, Circle Pines, Columbus, Lino Lakes, White Bear Lake, and Lonsdale will be on the ballot. And County Commissioner seats in Goodhue County, as well.
Candidate filings started July 27th and close August 10th.
Just as we did last year, SPAAR will be asking members to help us interview, endorse, and donate to candidates for these elected offices. We hope you will help us!
