Todd Sears, CFA CAIA’s Post

What's the percentage of required affordable units in inclusionary zoning policies to maximize both the production of market-rate units and affordable units? A new simulation by Shane Phillips and colleagues at UCLA Lewis Center for Regional Policy Studies and Terner Center for Housing Innovation suggests, that at least in Los Angeles, that percentage might be between 12 and 20% (see the image below). In that range, a higher share of affordable units required would result in marginal gains in affordable units produced and a significant decline in market-rate units. https://lnkd.in/g7Rk-dqs

New study examines the impact of inclusionary zoning policies on housing production and affordability. Learn about the tradeoffs and implications for policymakers. Read the full report here: https://bit.ly/44js0nT #HousingPolicy #InclusionaryZoning #AffordableHousing

Are you curious about the city's Comprehensive Plan and zoning changes along the New Bern Avenue corridor for the Bus Rapid Transit #WakeBRT system being built there? The Raleigh Chamber and other interested parties showed up in force to support them this past Tuesday. Read our latest Government Affairs blog to learn more about the positive impact of these changes on housing options, amenities, and economic development in the area: https://bit.ly/48W0aQp

🏡 The United States doesn't build enough housing, and the rising cost of housing has placed a significant train on consumers. Brad Hargreaves (Thesis Driven) explains to Fifth Wall CEO & CIO Brendan Wallace that this is because of restrictive zoning regulations that hinder housing development, especially in vibrant areas with high demand. Well-intentioned environmental and urban protection regulations established in the 1960s and 1970s are now impeding the expansion of public transit, as well. However, there are efforts underway to address this crisis by promoting the construction of "missing middle" housing, which includes duplexes, triplexes, and buildings with up to 20 units, and by rolling back restrictive zoning rules. #realestate #housing

Research paper calls for zoning reform “The fundamental cause” of high property prices and rents “is that planning restrictions limit supply, driving up prices and rents”, according to a research paper from the Centre for Independent Studies. “A mountain of academic research finds zoning restricts supply, and this increases prices and rents,” the paper added. The paper also said there were many examples where the ending of planning restrictions had been followed by huge increases in construction and reductions in housing costs. For example, when New South Wales lifted restrictions on granny flats in 2009, “this led to a five-fold increase in construction, or about 49,000 extra dwellings by 2020 (see graph)”. As a result, the paper called for: * State and local governments to become more supportive of development proposals * The federal government to withhold money from governments that don't meet housing targets * The community to become more accepting of higher-density living #property #realestate #homeloans #therentalspecialists

Research paper calls for zoning reform. “The fundamental cause” of high property prices and rents “is that planning restrictions limit supply, driving up prices and rents”, according to a research paper from the Centre for Independent Studies. “A mountain of academic research finds zoning restricts supply, and this increases prices and rents,” the paper added. The paper also said there were many examples where the ending of planning restrictions had been followed by huge increases in construction and reductions in housing costs. For example, when New South Wales lifted restrictions on granny flats in 2009, “this led to a five-fold increase in construction, or about 49,000 extra dwellings by 2020 (see graph)”. As a result, the paper called for: * State and local governments to become more supportive of development proposals * The federal government to withhold money from governments that don't meet housing targets * The community to become more accepting of higher-density living #housingsupply #housingaffordability #developmentsector #planningapproval

Research paper calls for zoning reform “The fundamental cause” of high property prices and rents “is that planning restrictions limit supply, driving up prices and rents”, according to a research paper from the Centre for Independent Studies. “A mountain of academic research finds zoning restricts supply, and this increases prices and rents,” the paper added. The paper also said there were many examples where the ending of planning restrictions had been followed by huge increases in construction and reductions in housing costs. For example, when New South Wales lifted restrictions on granny flats in 2009, “this led to a five-fold increase in construction, or about 49,000 extra dwellings by 2020 (see graph)”. As a result, the paper called for: * State and local governments to become more supportive of development proposals * The federal government to withhold money from governments that don't meet housing targets * The community to become more accepting of higher-density living #property #realestate #homeloans #therentalspecialists

Research paper calls for zoning reform 🏗️🔁 “The fundamental cause” of high property prices and rents “is that planning restrictions limit supply, driving up prices and rents”, according to a research paper from the Centre for Independent Studies. “A mountain of academic research finds zoning restricts supply, and this increases prices and rents,” the paper added. The paper also said there were many examples where the ending of planning restrictions had been followed by huge increases in construction and reductions in housing costs. For example, when New South Wales lifted restrictions on granny flats in 2009, “this led to a five-fold increase in construction, or about 49,000 extra dwellings by 2020 (see graph)”. As a result, the paper called for: * State and local governments to become more supportive of development proposals * The federal government to withhold money from governments that don't meet housing targets * The community to become more accepting of higher-density living Comment "Zoning" if you'd like us to DM you a copy of the Research Paper #property #realestate #homeloans #realestateaccountants

Research paper calls for zoning reform “The fundamental cause” of high property prices and rents “is that planning restrictions limit supply, driving up prices and rents”, according to a research paper from the Centre for Independent Studies. “A mountain of academic research finds zoning restricts supply, and this increases prices and rents,” the paper added. The paper also said there were many examples where the ending of planning restrictions had been followed by huge increases in construction and reductions in housing costs. For example, when New South Wales lifted restrictions on granny flats in 2009, “this led to a five-fold increase in construction, or about 49,000 extra dwellings by 2020 (see graph)”. As a result, the paper called for: * State and local governments to become more supportive of development proposals * The federal government to withhold money from governments that don't meet housing targets * The community to become more accepting of higher-density living #property #realestate #homeloans 

Research paper calls for zoning reform   “The fundamental cause” of high property prices and rents “is that planning restrictions limit supply, driving up prices and rents”, according to a research paper from the Centre for Independent Studies.   “A mountain of academic research finds zoning restricts supply, and this increases prices and rents,” the paper added.   The paper also said there were many examples where the ending of planning restrictions had been followed by huge increases in construction and reductions in housing costs. For example, when New South Wales lifted restrictions on granny flats in 2009, “this led to a five-fold increase in construction, or about 49,000 extra dwellings by 2020 (see graph)”.   As a result, the paper called for:   * State and local governments to become more supportive of development proposals * The federal government to withhold money from governments that don't meet housing targets * The community to become more accepting of higher-density living   #property #realestate #homeloans