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UC Center: When and How Should Cities Implement Inclusionary Housing Policies?

1w ago
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Description

Amidst falling real wages for middle income Americans and rising real home prices, concerns about housing affordability have grown. In response, many cities have pursued inclusionary housing policies, which require developers to build units on-site as affordable or to pay a fee when constructing new market rate development. Yet many cities face a dearth of information about the when and how to implement these policies. Specifically, cities face competing and contradictory information about whether these policies promote or re-strain overall affordability. When a city decides to implement an inclusionary policy, there is still debate over which policy type—a fee-focused program or unit-focused—is in the best interest of its residents. In this presentation, Ann will present research from her study that informs this debate in two ways. First, using original quantitative research of inclusionary programs in California, this study examines the market effects of inclusionary housing policies, including on housing affordability and the cost of new market rate development. Second, using a case study approach and interviews with key experts, this study provides guidance on when and how cities should implement various forms of inclusionary housing policies. While there is no “one-sized-fits-all” inclusionary housing policy for all cities, this presentation concludes with a variety of specific and actionable recommendations to help guide policymakers in a variety of city types.