Economic Mobility Pathways - EMPath’s Post

How can we unlock the production of more middle-income housing in California? Terner's new analysis, building on our work modeling the math behind housing development, identifies how layering policy changes could bridge the affordability gap. Read more: https://lnkd.in/ggBXGm3Y Our new analysis uses prototypes for multifamily rental housing affordable to assess the viability of creating middle-income housing in three California cities. Under current conditions,, our modeling suggests such projects would be financially infeasible to build, but identifies layered policy changes that could make a difference. Read more: https://lnkd.in/ggBXGm3Y The next installment of our Making It Pencil work to demystify the math behind housing development delves into what it will take to build housing affordable to middle-income housing in three California cities. Read more: https://lnkd.in/ggBXGm3Y

NYC renters are 41% less likely to move than other Americans. Why? NY’s housing laws encourage stability + slow housing growth = fewer homes available. The result? Overcrowding to afford the rent or undercrowding b/c moving would increase costs. Read our new report to learn more: https://lnkd.in/eutNmK3J

At a recent Housing Oregon event, political hopefuls were asking "Why is it more expensive to build affordable housing?" The first answer is, it's just more expensive to build housing in general. This article is a good, brief, description of those drivers and why "lower case a" affordable housing isn't being built. Add that with the funding/lending requirements for "capital A" Affordable housing, it's getting harder and harder to make the math work. Like our healthcare cost crisis, our housing cost crisis is equally as complex. https://lnkd.in/grf3s6SM

As Rent Control reaches a critical juncture in November and gains political traction, this study reveals the detrimental effects of Rent Control on housing and neighborhood quality, with a comprehensive report available for further detail. (6-minute read) https://lnkd.in/g5vVFHHx

The lack of quality, affordable housing stock in CT is another major factor that contributes to highly skilled, young professionals to leave CT. Transit Oriented Development with associated incentives for businesses and individuals to work, live, and thrive in CT is key. These programs are targeted to boosting economic development while replenishing and/or increasing housing stock. “Connecticut’s aging housing stock and a housing vacancy rate of 3.5% are exacerbating the state’s housing crisis…” “Less than 15% of Connecticut’s renter-occupied apartments were constructed in the last quarter of a century, according to the study.” CEDAS - Connecticut Economic Development Association CBIA https://lnkd.in/e7w5g3x9

Worried about Housing Affordability? The Colorado Sun 's Brian Eason published an eye-opening article about Colorado's Affordable Housing Units and legislation you should encourage your legislators to support. Still yelling into the ether here, but we're all doing our best work in a vacuum... Maintaining our existing affordable housing stock is just as critical as creating new; is just as critical as making housing more affordable; is just as critical as maintaining the rights of people who want to become homeowners.

🏘️ STR owners and advocates, this is the housing crisis article you've been waiting for! Rent Responsibly's talented staff writer, Paris Achen, brings us a game-changing deep dive: "Affordable housing vs. STRs: What does the data say?" It finally brings data-driven insights to a debate that's been clouded by assumptions. Key takeaways: • STRs account for only 0.4% of recent housing price increases • Structural constraints, not STRs, drive most housing unaffordability • Data-driven, locally-tailored approaches are crucial • Banning STRs doesn't solve housing affordability As someone who's been in the STR trenches, I can't stress enough how crucial this information is. It's time we moved beyond knee-jerk reactions and focused on real solutions. Read, share, and let's change the conversation:

THIS! It is a must-read for anyone (on either side of the table) who has discussed the impact of short term rentals (STR's) on the affordable housing crisis. As an advocate for STR's in the Finger Lakes Region, I cannot tell you how important it is to have the whole picture when discussing the need to regulate short term rentals. Fingers can easily be pointed without the data points Rent Responsibly mentions in this article. I have personally sat in many town board meetings across our region and can tell you that the "need" to regulate is often questioned when the data is discussed. And this data has been everything from the number of rentals, average sale prices of homes, to the demographics of the town (addressing why elementary enrollment was down). And for the record, we are ALL for reasonable regulations and setting the expectations for owners, guests and stakeholders of short term rentals. But knowing first-hand how some restrictive regulations have exhausted resources for small, volunteer-based townships, or forced a family to give up their inherited lake home, has been frustrating to watch. If anyone in the Finger Lakes Region has questions about short term rentals, tourism trends, or regulations, please feel free to reach out! And don't forget to read this article!

For the housing nerds: I came across this article (https://lnkd.in/gGgZ3xBn) explaining some new laws in Coloroda to try to address its ongoing housing affordability concerns. The new requirements are: - zoning for more apartments near transit stations. - allowance of small apartments on the same lot as a single family house. - elimination of minimum parking requirements for apartments. - removal of rules prohibiting people from having roommates. - legislation giving local government the right to purchase existing homes to preserve affordability. Some of this has echos of the medium density residential standards in NZ, which of course have been made optional, but for which work is ongoing on new policy to support this (I'm involved in this work as part of the Housing Expert Advisory Group, along with some other very smart experts in this field). As the article discusses, these sort of policy interventions can help address housing affordability, and in Colorado specifically it is aimed at helping reduce an already existing housing shortage and bring on more supply. And from there the economics on this one is not too tricky: an increase in supply can ultimately lead to lower prices.

Takeaways from AP’s report on affordable housing disappearing across the U.S. - https://lnkd.in/dmuhar4b - LOS ANGELES — While Americans continue to struggle under unrelentingly high rents, as many as 223,0000 affordable housing units across the U.S. could disappear in the next five years alone. It leaves low-income tenants facing protracted eviction battles, scrambling to pay a two-fold rent increase or more, or shunted back into a housing market where […]