In the face of accelerating gentrification, along with ongoing speculation and eviction, the idea of putting a substantial number of homes outside of the reach of the speculative market has been gaining momentum across the country.
The time to strike isn’t when the iron is hot. Cities in soft or mixed markets should adopt inclusionary housing policies before the housing market heats up and the process becomes even more challenging.
The meager supply of affordable housing is a major contributor to housing's high cost, yet the policy tools to address the shortfall often seem to worsen the problem. But this is because they ignore the underlying infrastructure and financing to support growth.