Mel Martinez co-chairs the Bipartisan Policy Center's Housing Commission and Senior Health and Housing Task Force. He served as a senator from Florida from 2005 to 2009. He is also currently the chairman of the Southeast U.S. and Latin America for JPMorgan Chase & Co. Prior to his time in the Senate, Martinez served as the 12th secretary of the United States Department of Housing and Urban Development, from 2001 through 2003.
States and local communities must also embrace permissive land-use policies that encourage alternative housing structures for seniors, such as accessory dwelling units, micro-units, and congregate homes. These policies can be a win-win for everyone — preserving the integrity of neighborhoods while expanding affordable housing options.
As our nation ages, millions of older adults are left without affordable housing options. In this guest post, former HUD Secretaries Henry Cisneros and Mel Martinez discuss why the situation is so dire and what we can do to change it.
With the recent turnover in leadership at the Federal Housing Finance Agency, we may be standing at the precipice of great change in the government’s role in supporting the mortgage market through Fannie Mae and Freddie Mac.