1 / 12

Inclusionary Zoning: Using the Market to Create Affordable Housing

Inclusionary Zoning: Using the Market to Create Affordable Housing. Alan Mallach, Senior Fellow National Housing Institute. inclusionary zoning. A Brief Definition

teige
Télécharger la présentation

Inclusionary Zoning: Using the Market to Create Affordable Housing

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Inclusionary Zoning: Using the Market to Create Affordable Housing Alan Mallach, Senior Fellow National Housing Institute

  2. inclusionary zoning • A Brief Definition An ordinance or program that requires or provides incentives for developers to provide affordable housing as a part of their market-rate developments, either by including the affordable housing in the development, building it off-site, or contributing land or money to a housing trust fund in lieu of construction.

  3. Inclusionary zoning • What can inclusionary zoning achieve? • Create a pool of permanently affordable housing • Generate resources for an affordable housing trust fund • Foster mixed-income housing and greater economic integration

  4. inclusionary zoning • Historical background • IH began in 1970’s as strategy for suburban integration • Pioneering states were CA, MA and NJ • In 1990’s IH began to move into urban areas • In past decade IH has become a nationwide strategy

  5. inclusionary zoning • Critical elements in inclusionary zoning • Legal authority • Economic feasibility/market demand • Clearly defined rules • Political will

  6. inclusionary zoning • Legal authority • Land use or exaction? • Statutory authority • Court decisions • Police power

  7. inclusionary zoning • Economic feasibility • Strong housing demand • Market prices make development profitable • Development ground rules permit reasonably efficient development • Availability of cost offsets (density bonuses, fee waivers, tax abatements, etc.) where needed.

  8. inclusionary zoning • Clearly defined rules and standards • Number (or %) and affordability level of affordable housing • What alternatives are available under what conditions • Controls to ensure long-term affordability • Effective enforcement of rules

  9. Inclusionary zoning

  10. inclusionary zoning • Key elements in managing inclusionary zoning • Set ground rules with developers up front • Recruit and qualifying buyers and tenants • Ensure long-term affordability • Manage the trust fund (if buyout funds are collected)

  11. inclusionary zoning • Political will • Commitment to creating affordable housing • Willingness to confront development industry • Support from housing advocacy community • Readiness to commit energy and resources to making it work

  12. inclusionary zoning • What can inclusionary zoning accomplish? • Create affordable housing in strong market environments • Harness private sector energy to create affordable housing • Leverage public resources • Foster mixed-income, economically integrated communities

More Related