Hi, I'm Dan Premat, and welcome to Axios Recap, where we dig into one big story.

Today is Wednesday, June 16th.

Regeneron stock is up on positive news about its COVID treatment.

Bitcoin prices are down, and we're focused on why the rent is too damn high.

The lack of affordable housing isn't new.

It's something's been talked about by politicians and community leaders for decades, both

in terms of home buying and home renting.

But it does feel like we're in a different moment now.

A housing cost boom that's leaving more people behind than ever before, and the frightening

possibility that the end of the pandemic could lead to a wave of foreclosures and evictions

as moratoriums and forbearance agreements subside. Why it matters isn't just the basic

humanity of people needing a roof over their heads, although that's certainly part of it.

Instead, it's that where people live determines nearly everything

else about their lives, and inaffordability can lead to economic tradeoffs about other purchases

people can't make, including food. So the big question now is what we actually do about housing

affordability, including how much of the responsibility lies with the public sector and how much

with the private sector.

For answers, we'll turn to Colleen Briggs, head of community development and inclusive economies

at J.P. Morgan Chase, which this morning put out a detailed set of policy recommendations,

plus announced a five-year, $400 million philanthropic commitment toward improving affordable

housing. That conversation in 15 seconds.

We're joined now by Colleen Briggs, head of community development and inclusive economies at J.P. Morgan

...