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The Boston Globe


Josh Barro

Time for ‘Race to the Top’ for housing

The housing market remains in terrible shape, and yet has been puzzlingly absent from policy discussions in the presidential campaign. In the next term, Barack Obama or Mitt Romney will have to take steps to get housing out of its slump, construction workers back to work, and Americans into new homes.

To do so, the next president should copy the “Race to the Top” contest that the Obama administration ran in education, and give out grants that reward state and local governments for policies that encourage new construction — particularly in urban cores where demand is strongest.

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