The current rules, regulations, and incentives in the housing system fail to motivate market actors to produce and preserve affordable, inclusive, and sustainable housing and communities in sufficient volume to meet demand. The goal of this report is to identify reforms that could deploy more investment capital to create and preserve secure, inclusive, and sustainable housing and communities. After identifying the challenges with the current system and how they affect private capital allocations, we explore strategies to reform the system in ways that would change the calculus for private and philanthropic capital to support equitable and inclusive housing.