Investing in housing: Unlocking economic mobility for all Americans

Quality, affordable housing is out of reach for many Americans. Legacies of housing discrimination are compounded by continued supply, demand, and geographic imbalances that create acute housing challenges for Americans, thereby impeding their pursuit of economic opportunity. This crisis also has a disproportionate impact on Black Americans – and could have an outsized gain if the problem is addressed. Our session will explore the economic opportunity of closing the housing gap and the roles of the public, private, and philanthropic sectors in unlocking close to 2.3 million housing units for Americans, including 700,000 for Black households, and add nearly $2 trillion to GDP through 2035. Please find our report, on which this session will be based, here: https://www.mckinsey.com/institute-for-economic-mobility/our-insights/investing-in-housing-unlocking-economic-mobility-for-black-families-and-all-americans