Peabody Area Chamber of Commerce: We need innovative solutions to the housing crisis

Peabody Area Chamber of Commerce

May 14, 2024

Letter to the editor:

As representatives of the Peabody Area Chamber of Commerce, we are writing to highlight a pressing concern that affects not only residents, but businesses as well: the housing crisis. While the discussion often revolves around various economic factors, it is critical to emphasize that the housing crisis is the biggest obstacle for Massachusetts businesses in retaining and attracting talent, far surpassing the minimum wage debate.

The statistics reveal a worrying trend: the exodus of 25-36 year olds, the very cohort poised to be our next generation of leaders. This demographic flight not only depletes our talent pool, but also undermines the vitality of our communities.
Furthermore, it is essential to recognize that the housing crisis is not limited to metropolitan areas; it is a local issue that resonates in every community. The impact ripples through our schools, public services and beyond. Can we as a community come to terms with the idea of ​​our children, teachers or public servants being taken out of their hometowns? Are we willing to accept a slightly longer commute if it means giving them the opportunity to live where they work?

We urge policy makers, stakeholders and residents to prioritize innovative solutions to address the housing shortage. It is not just an economic problem; it’s a matter of preserving the fabric of our communities and cultivating the next generation of leaders.

Sincerely,
Deanne Healey, PACC President
Brad Gosselin, Chair, PACC Government Relations Committee

This press release was produced by the Peabody Area Chamber of Commerce. The views expressed here are those of the author.