Moore pitches Share Act and shared‑equity options to address housing affordability
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Summary
Responding to a Clearfield caller, Congressman Blake Moore described the Share Act — a shared‑equity, market‑leveraged approach and ESOP promotion — as an alternative to direct subsidies to help first‑time buyers access down payments and build equity.
A Clearfield caller asked whether the government could impose a rent freeze to address rapid rent increases. In his response, Congressman Blake Moore explained why he and the governor are reluctant to force municipality‑level mandates and described what he called the Share Act as an alternative approach.
Moore said municipalities are often unwilling to add denser housing forms that would increase supply, and he argued direct subsidies (for example, immediate payments to buyers) can be inflationary. He described the Share Act as a market‑oriented shared‑equity model that leverages private investment to help buyers with down payments; typical shared equity stakes he referenced were in the 3–7% range, which he said can be attractive to institutional investors and still produce significant gains for first‑time buyers.
Moore also cited employee stock ownership plans (ESOPs) as another non‑subsidy mechanism to expand household equity and retention, and he said he is working to build bipartisan interest in these approaches. He cautioned that such programs are not a fast fix but said they could change how people access homeownership without the inflationary effects of direct cash subsidies.
The transcript records policy descriptions and illustrative percentages but does not provide legislative text or modeling to show outcomes; Moore framed the Share Act as a proposal he is promoting with stakeholders.