Chicago Booth Review’s Post

The East End still needs more housing that is affordable. https://lnkd.in/eY9EDKB2 Officials in villages, towns, counties, and many states are figuring out that the loud and vocal minority is just that. Studies on Long Island and nationwide consistently show that 60-75% of community members see the need for more housing and support zoning changes to accomplish that.

Public and social housing is even more meaningful today than when originally created. Americans need affordable, consistent, and available housing for our nation to thrive and our children to be successful. https://lnkd.in/g_gWCV7E

The East End still needs more housing that is affordable. https://lnkd.in/eZrvyxPP Officials in villages, towns, counties, and many states are figuring out that the loud and vocal minority is just that. Studies on Long Island and nationwide consistently show that 60-75% of community members see the need for more housing and support zoning changes to accomplish that.

What is the role of government in addressing our housing challenges? Professor Lily Geismer encourages a turn toward European-style social housing, saying in her article: "This vision of social housing has a chance to undo the mistakes of the postwar era, which stigmatized public housing, and produced substandard and segregated residences for only the poorest of Americans. But for such programs to truly solve the affordable housing crisis, the federal government needs to be involved. The scope of the problem is simply too large for states and localities to tackle. Imaging and designing a federal initiative will take policymakers who can think big, while learning from the mistakes of the post-WWII housing projects. Crucially, they should follow the lead of local housing activists who see housing as a right, not a commodity."

Access to affordable and appropriate housing decreases the likelihood that families and individuals will fall into or remain in poverty. Additionally, the availability of affordable housing is vital to accommodate the growing numbers our city is seeing. Rezoning would streamline and simplify the process of building different types of housing and reduce timelines for permit approvals in areas with already established transit and service infrastructure. Vibrant Communities Calgary’s staff are not zoning experts, but we know that affordable and diverse housing options are necessary for a vibrant city. We also hear stories of the struggles people are having with rental increases and the limited supply of rental options. We strongly believe rezoning is an important element in building the homes we need, and we urge Council to vote yes on this proposal. Read the rest of the letter we submitted to Calgary's Mayor and Council on March 13, 2024 in support of a proposal for citywide rezoning to a base residential district. https://lnkd.in/gtsa3z-M

Let's talk about the benefits of citywide rezoning 🏚: 1. Homes for Calgarians. Right now, 115,000 Calgarians are at extreme risk of homelessness due to the housing crisis. These are our neighbours, families, and co-workers being impacted by the housing crisis. 2. With increased density, we can increase access to services and infrastructure. You can get those potholes fixed and split the bill with more neighbours. 3. Revitalizing communities with more neighbours attracts new businesses, improves access to amenities and transit, and fosters a sense of belonging for all residents. As a city, we need to streamline the process of building different types of housing through rezoning. Calgarians need homes NOW. #yyc #zoning #housingcrisis #density

Most people are in favor of affordable housing, yet many shift their attitudes when affordable housing developments are proposed in their neighborhoods. Why? As researchers from Stanford found, the answer unfortunately lies in unconscious racist and classist biases. "A lot of times, arguing over the buildings is used as a more socially acceptable way to protest affordable housing projects. We're going to be dealing with the effects of racism in our projects and we need to be able to talk about that and address it." #AffordableHousing #HousingPolicy #Housing

📢 𝗡𝗲𝘄 𝗝𝗲𝗿𝘀𝗲𝘆 𝗥𝗲𝗹𝗲𝗮𝘀𝗲𝘀 𝗡𝗲𝘄 𝗔𝗳𝗳𝗼𝗿𝗱𝗮𝗯𝗹𝗲 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 𝗧𝗵𝗿𝗼𝘂𝗴𝗵 𝟮𝟬𝟯𝟱 Exciting opportunities are on the horizon for real estate developers in New Jersey! The state recently unveiled 𝗻𝗲𝘄 𝗮𝗳𝗳𝗼𝗿𝗱𝗮𝗯𝗹𝗲 𝗵𝗼𝘂𝘀𝗶𝗻𝗴 𝗼𝗯𝗹𝗶𝗴𝗮𝘁𝗶𝗼𝗻𝘀, outlining the number of affordable units municipalities are required to zone for by 2035. The goal? 𝗢𝘃𝗲𝗿 𝟭𝟰𝟲,𝟬𝟬𝟬 𝘂𝗻𝗶𝘁𝘀 - including both newly constructed homes and the rehabilitation of substandard housing. 🔍 𝗪𝗵𝗮𝘁 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗿𝘀 𝗡𝗲𝗲𝗱 𝘁𝗼 𝗞𝗻𝗼𝘄! 1️⃣Two Types of Affordable Housing Obligations. ✅𝗣𝗿𝗲𝘀𝗲𝗻𝘁 𝗡𝗲𝗲𝗱 - Renovation of existing affordable homes classified as “substandard.” ✅𝗣𝗿𝗼𝘀𝗽𝗲𝗰𝘁𝗶𝘃𝗲 𝗡𝗲𝗲𝗱 - Construction of new affordable housing units to meet future demand. 2️⃣𝗠𝘂𝗻𝗶𝗰𝗶𝗽𝗮𝗹𝗶𝘁𝗶𝗲𝘀 𝗠𝘂𝘀𝘁 𝗭𝗼𝗻𝗲 𝗳𝗼𝗿 𝗔𝗳𝗳𝗼𝗿𝗱𝗮𝗯𝗹𝗲 𝗛𝗼𝘂𝘀𝗶𝗻𝗴 - These guidelines don’t mean municipalities have to build affordable housing themselves. Instead, they must provide zoning regulations to allow developers to step in and propose housing projects. This opens significant opportunities for developers to align with municipal plans and state requirements. 3️⃣𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝗻𝗱 𝗟𝗲𝗴𝗮𝗹 𝗜𝗻𝗰𝗲𝗻𝘁𝗶𝘃𝗲𝘀 - The state’s initiative aims to protect towns from legal battles over affordable housing and provides access to resources, including the upcoming NJ Housing Opportunities for Municipal Equity and Success (NJHOMES) program in early 2025. The program offers financial resources and technical assistance to ensure successful development. 📌𝗪𝗵𝘆 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗿𝘀 𝗦𝗵𝗼𝘂𝗹𝗱 𝗔𝗰𝘁 𝗡𝗼𝘄! Municipalities have until January 31, 2025, to adopt the new guidelines or provide their own calculations. Developers can use this window to propose affordable housing projects that align with state goals and local needs. 📈 𝗪𝗵𝗮𝘁 𝗧𝗵𝗶𝘀 𝗠𝗲𝗮𝗻𝘀 𝗳𝗼𝗿 𝗥𝗲𝗮𝗹 𝗘𝘀𝘁𝗮𝘁𝗲! Developers are uniquely positioned to help fill the affordable housing gap while tapping into favorable zoning policies and state support. By participating in these initiatives, developers can: ♻️Expand their portfolio with impactful projects. 🏘️Help address New Jersey's critical housing shortages. 📈Drive economic growth while contributing to sustainable, long-term community development. This is the time for developers to seize the opportunity to build projects that not only provide affordable homes but also strengthen communities. https://lnkd.in/e4CizE8a #AffordableHousing #RealEstateDevelopment #CommunityGrowth #SustainableDevelopment #NJHousing #UrbanDevelopment #EconomicOpportunity #HousingForAll #EquityInHousing #DevelopmentOpportunities

Let every problem be a catalyst for creativity! Curious minds drive progress & change. #consulting #housingmarket #urbanplanning #communityplanning #innovation #economy #communitydevelopment #sustainability #socialimpact #education #design

"Since 2016, the #California Legislature has passed dozens of bills that remove regulatory barriers to #housing production. And since 2016, overall housing production has increased only modestly, according to permitting data from the state Department of Housing and Community Development (HCD). When ADUs are subtracted from the mix, permitting activity has more or less flatlined." "At a certain point, all these special interest handouts end up eating up the value of whatever regulatory relief state law offers. When higher construction and financing costs are already putting serious headwinds on construction, these handouts are proving particularly fatal to new #development ." https://lnkd.in/gjb-WHak