Alexandria Ocasio-Cortez and Tina Smith: Our Solution to the Housing Crisis

There is another way: social housing. Instead of treating real estate as a commodity, we can underwrite the construction of millions of homes and apartments that, by law, must remain affordable. Some would be rental units; others would offer Americans the opportunity to build equity. These models of rent caps and homeownership are already working around the world, such as in Vienna, and in some parts of the United States.