Our Utah map gets bigger every day, and the newest addition is Hyde Park! Huge thanks to the City Council for voting unanimously to approve GFiber's license agreement. Hyde Park locals, you can sign up for updates here: https://lnkd.in/gTCvGD-6
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I'm excited to share this new UCLA Lewis Center for Regional Policy Studies report, published in partnership with the Terner Center, exploring some of the tradeoffs involved in the use of inclusionary zoning (IZ) policies to meet affordable housing goals. There's a lot of pressure to meet affordable housing goals, but limited tools for doing so. IZ is often seen as a solution, but the challenges of studying IZ empirically leave policymakers with very little guidance on how to think about it. This is not an empirical study, but my hope is that the conceptual approach taken here helps identify and clarify the costs and benefits of IZ. It's a starting point for deeper conversations, not the final word. Summarizing the analysis and some findings: 1. I used the Terner Housing Policy Simulator to model market-rate and below-market housing production through the City of LA's Transit Oriented Communities (TOC) program, with inclusionary zoning requirements ranging from 0% to 40%. 2. All else equal, IZ always reduces production, but higher reqs lead to diminishing gains of below market-rate (BMR) units and accelerating losses of market-rate units. There's a point where higher IZ produces fewer of *both*. 3. LA's TOC program is well-calibrated to increase production of both. For example, TOC w/ 11% IZ produces more total housing than 0% without TOC bonuses. 4. Holding TOC bonuses constant, higher inclusionary zoning requirements come at significant cost. At best, every below-market unit produced by IZ reduces market-rate production by more than 4 units. At higher IZ, this "exchange rate" climbs to almost 9-to-1. 5. Inclusionary zoning isn't just an additional cost. The below-market units produced by IZ have value to the public, and specifically to low-income households, as a private subsidy by developers. I estimate the annual value of those subsidies under different IZ scenarios, ranging from $550 million to $1.7 billion. 6. We don't know how much different IZ requirements will increase rents, but we *can* estimate how much rents would need to increase to negate the value of private subsidies invested in affordable IZ units. And I find the required rent increases are quite small. For example, a 16% IZ requirement reduces market-rate production by almost half. If that reduction causes rents to increase at least 4.8% instead of 4% per year, the costs may outweigh the benefits. To me, that's not implausible. My takeaway: Different tools have different strengths, and land use policy may be best suited to improving affordability in the wider housing market, while public subsidies are best for producing below-market homes. IZ seeks to produce affordable homes by substituting land use policy in place of broadly shared taxes and public subsidies. This analysis suggests that the public may be paying either way, and that the costs of IZ are both higher and more regressive than the alternative
Using the Terner Housing Policy Simulator from Terner Labs, a new report from Shane Phillips at the UCLA Lewis Center for Regional Policy Studies highlights the tradeoffs policymakers should consider in crafting inclusionary zoning policy requirements, with a focus on Los Angeles’ TOC program. Learn more: https://lnkd.in/gMuzmdwG
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We've already shared one horror story of how Urban Doom Loops can affect a city, as we're seeing in St. Louis. On the flip side, Detroit stands as a shining example & proven blueprint for reversing the cycle through prudent investment. For more insights into Detroit's remarkable turnaround and the lessons it offers to struggling cities, read the article titled "Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit."
Reversing the Real-Estate Doom Loop Is Possible. Just Look at Detroit.
wsj.com
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Curious about what makes Decatur City, Georgia unique? 🏡 Check out these quick stats! 📊 What surprises you the most? Let us know in the comments below! 👇 #DecaturGA #PopulationStats #CensusData #CityStats #GeorgiaLiving"
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Salesforce Certified AI Associate | Digital Transformation => Former U.S. House of Representatives Appropriations Committee | Department of Defense Legislative Affairs | Intelligence Community
Baltimore County, Carroll County, Frederick County
Developer may try seizing private property for Maryland green energy project - NewsBreak
newsbreak.com
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Early Voting Starts Today
Early Voting Starts Today
myemail.constantcontact.com
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🚀 Nichiha Construction Tech & Innovation GTM Strategy | 🙋🏽♂️Partnerships & Collaboration Connector | 🎤Industry Podcaster & Speaker🎙️ | 🏗️Construction Volunteer 👷🏼♂️
Theory: Either Marc Lore's City of Telosa is really California Forever, or CF is going to beat Telosa to market. The Seasteading Institute will take much longer I think. No matter what, innovative building products, systems, delivery methods and ownership models will most surely play important roles. #offsiteconstruction #masstimber #interiordesign #exteriordesign #buildingproducts https://lnkd.in/eX7XpueH
Home - East Solano Plan
eastsolanoplan.com
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What Is The Live Local Act ‘Glitch Bill’? Experts Explain. Municipalities have pushed back against some provisions of SB 328, affectionately dubbed the Live Local Act "glitch bill", particularly where projects filed under the act can supersede local zoning regulations. So will there be the need for another glitch bill as cities and counties have conflicts with proposals? Read more at https://lnkd.in/eC7GYC5S #livelocalact #commercialrealestate #cre
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We have teamed up with Landor LINKS Ltd to host a webinar on the implementation of moving traffic enforcement schemes. With tranche 3 applications due to receive their Part 6 powers in early 2024, and many local authorities in tranche 1 and tranche 2 already awarded powers but yet to enforce, this webinar will deliver valuable guidance on the next steps after powers have been awarded! The webinar will also provide insight into the recent implementation of moving traffic schemes with Wokingham Borough Council and Oxfordshire County Council, highlight the impact of traffic reduction schemes on air quality, and how data can assist future decision-making. We will discuss the benefits of using camera technology as enforcement methods, the importance of back-office support to your schemes, and the advantages of using resilience services. Register for the webinar below: https://lnkd.in/extZwtqN
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Webinar on the implementation of moving traffic enforcement schemes. Open to all interested in finding out how to progress MTE.
We have teamed up with Landor LINKS Ltd to host a webinar on the implementation of moving traffic enforcement schemes. With tranche 3 applications due to receive their Part 6 powers in early 2024, and many local authorities in tranche 1 and tranche 2 already awarded powers but yet to enforce, this webinar will deliver valuable guidance on the next steps after powers have been awarded! The webinar will also provide insight into the recent implementation of moving traffic schemes with Wokingham Borough Council and Oxfordshire County Council, highlight the impact of traffic reduction schemes on air quality, and how data can assist future decision-making. We will discuss the benefits of using camera technology as enforcement methods, the importance of back-office support to your schemes, and the advantages of using resilience services. Register for the webinar below: https://lnkd.in/extZwtqN
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