Mass. Sen. Warren rolls out half-trillion-dollar plan to tackle US housing crisis [Video]

With Massachusetts still in the grip of a crushing housing affordability and access crisis, one Bay State lawmaker says she has a plan to help.

Legislation sponsored by U.S. Sen. Elizabeth Warren, D-Mass., would spend roughly a half-trillion dollars to encourage the construction of new housing, bring down costs for renters, and make it easier for first-time buyers and veterans to purchase homes, among other fixes.

“The only way to dig our country out of this housing crisis is to build more housing so everyone has a place to call home,” Warren, who is running for re-election this fall, said of the bill dubbed the “American Housing and Economic Mobility Act.

The legislation, a reboot of an earlier version, will “make bold investments in our country’s housing and encourage local innovation to lower housing costs even more — and it’s all paid for by getting America’s wealthiest families to chip in,” Warren continued.

In March, the median price of …