land use regulation
Strict zoning policies keep housing unaffordable. But there are strategies governments can implement to change exclusionary housing policies and promote the construction of more affordable housing.
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In a racist society, markets cause racist housing outcomes, but nonetheless the influence of land use regulation shouldn’t be ignored.
Because affordable housing doesn’t yield acceptable profits to real estate investors, the only way a substantial amount of it is going to get built is if it’s publicly funded.
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.
The fates of three venerable policies on fair share housing and sustainable land use can point the way for how to support similar efforts in other states.