RALEIGH – Today, Roy Cooper continued his “Make Stuff Cost Less” tour, holding an event in Greensboro to announce how he will work in the U.S. Senate to lower housing costs and make life more affordable for working North Carolinians.
“As working North Carolinians face rising grocery, health care, utilities, and child care costs, housing affordability has become a crisis,” said Roy Cooper. “We need to stop the bad actors driving up the price of housing for families across the state, especially in places like Greensboro, and make housing cost less. In the U.S. Senate, I’m ready to work with anyone to put housing back within reach of working families and make stuff cost less.”
“Later this week, I’ll be graduating from N.C. A&T before moving to Charlotte for work – but like so many in my generation, I’m concerned with the rising cost of housing,” said N.C. A&T student and young professional Jarrod Mason. “As DC insider Michael Whatley backs Washington DC’s policies making life more expensive for people like me, Roy Cooper knows that stuff costs too much. That’s exactly why we need him fighting for us in the U.S. Senate.”
Recently, Roy released his plans to lower health care, grocery, utilities and child care costs. At today’s event, he unveiled the fifth part of his plan to make stuff cost less, focused on how he’ll continue his work to lower the cost of housing for working North Carolinians.
- Support Building More Homes. Provide incentives for multi-family and modular construction to build more housing quickly and lower costs for families.
- Stop Big Corporations, Investment Funds and Foreign Companies from Buying Single-Family Homes. Restrict big corporate buyers from owning large portfolios of single-family homes that drive up prices for families trying to buy a home.
- Ban Algorithm-Driven Rent Setting. Companies like RealPage and Yardi collect real-time pricing data from landlords and use algorithms to recommend rent increases, with reports showing the practice increases rents between 5% and 12%. Stop companies from using revenue-maximization software that allows landlords to raise the rent on tenants in coordination.
- End Tariffs Driving Up Prices for Building Materials. End the chaotic trade wars that have driven up the costs of construction materials like lumber, aluminum and steel, adding thousands of dollars to the cost of building a home.
- Eliminate Unnecessary Rules That Drive Up Housing Costs. Spur housing construction by streamlining rules, speeding reviews and converting commercial buildings to housing.
Roy will continue the Make Stuff Cost Less campaign in the coming weeks, meeting with North Carolinians across the state to discuss his plans to fight for lower costs for working families in the U.S. Senate.
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