{
  "id": 7810454,
  "title": "1 in 3 Gen Z and millennials are stuck in their parents’ home—now, Airbnb is swooping in with a $250 million fund for affordable rental homes",
  "url": "https://urgent.news/2026/09/16/1-in-3-gen-z-and-millennials-are-stuck-in-their-parents-home-now",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-16T14:49:19.000Z",
  "source": {
    "name": "Fortune",
    "slug": "fortune",
    "url": "https://fortune.com/2026/09/16/1-in-3-gen-z-and-millennials-stuck-in-parents-home-airbnb-swooping-in-250-million-fund-affordable-rental-homes/"
  },
  "original_language": "en",
  "account": "In the United States, a housing crisis has left many young adults, particularly Gen Zers and millennials, living with their parents. A recent report indicates that more than one-third of young adults under the age of 35 are still residing at home, with this trend even surpassing the levels seen during the pandemic. This situation is exacerbated by the fact that over 15 million homes remain vacant, representing nearly 10% of the entire housing supply in the country.\n\nTo address this pressing issue, Airbnb has announced a significant $250 million fund aimed at constructing more affordable rental homes both in the United States and internationally. The initiative, known as the \"Housing Accelerator,\" is designed to unlock $5 billion in capital investments over the next decade. The company's CEO, Brian Chesky, acknowledged the criticism that Airbnb had contributed to increased housing costs and inefficiencies, but stated that the investment would be part of the solution rather than the problem.\n\nThe primary focus of the \"Housing Accelerator\" will be to support the development of affordable housing projects, starting with a $6.4 million investment to build over 200 affordable units in Austin, Texas. Additionally, Airbnb has launched a $5 million prize for companies and non-profits that can innovate and make the process of constructing homes more affordable and efficient.\n\nThe housing shortage is a critical concern, as it forces young professionals to continue living with their families. According to figures from Reatlor.com, a record 25.2 million U.S. adults under the age of 35 were living with their parents in 2025, a figure that has only increased since the pandemic began. While many of these adults are employed, the high cost of housing, limited job opportunities, and mounting debt are keeping them at home. In fact, around 70% of those aged between 25 and 34 living with their parents are working.\n\nThe financial burden of supporting adult children extends beyond young adults, as 64% of parents with Gen Z children in the 18 to 28 age range reported that their adult offspring rely on them for money, housing, or other financial assistance. This support has led to financial strain for many parents, with 56% acknowledging that helping their grown-up children is negatively impacting their own financial situation.\n\nThis Airbnb investment initiative aims to alleviate the affordability crisis faced by young adults and their families, providing a much-needed boost to the housing market and offering a beacon of hope for those struggling to find more permanent and affordable living arrangements.",
  "summary": "A record 25.2 million U.S. adults under the age of 35 lived with their parents last year. Airbnb is hoping to be “part of the solution” for affordable housing.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}