Boston’s Backward Housing Policy: More Demand Will Only Exacerbate the Supply Crisis

Boston’s Backward Housing Policy: More Demand Will Only Exacerbate the Supply Crisis

Boston’s housing policies keep treating symptoms while ignoring the disease. Last month, the city proudly unveiled its Co-Purchasing Housing Pilot Program, offering $50,000 in zero-interest, deferred-payment loans to help lower-income households cover down payments and closing costs on multi-family homes. The idea is to allow multiple individuals to pool resources and purchase homes together. It sounds creative. It makes headlines. But it won’t …