Jeff Bright’s Post

With the recent announcement from Rachel Reeves on Labour's plan "to accelerate stalled housing sites in our country" and get "Britain building again", there has never been a better time to get LAND. An easy-to-use app, LAND that can instantly identify any issues a piece of land might have. With historical mapping, artificial deposits, landfill and mining layers, issues can be highlighted instantly. A tool like LAND is vital when there are hopes to: 🏠 Restore mandatory housebuilding targets. 🏠 Build 1.5m homes by the end of this parliament - including affordable & council homes. 🏠 Accelerate stalled housing sites with a new task force. 🏠 Review planning applications previously turned down that could help the economy. Try it today with a FREE 15-day trial 👉 bit.ly/3GKtk9W #LANDapp #LandDevelopment #SiteAssessment #UKHousing #EmergingTech

Red tape on housing is a huge drag on economic productivity. For example, we have one project, already “zoned” which is on “site plan application #8” Of course we need rules but the level of red tape is a drag on the private sector and weighing down our best employees in municipalities across the country, reducing many roles to checking boxes when our brightest should be spending their time trying to think of ways to improve our cities and their infrastructure (parks, affordable housing, roads, services). Let’s unleash the economic power of our cities and the private sector by reducing regulation. https://lnkd.in/gsKpPeWD

"Affordable housing” is understood by municipal officials to mean a variety of things, from simply “low quality” and “dense” housing to more technical definitions based upon local area median income. This likely parallels a variety of residents' perceptions. Read more here: https://lnkd.in/grG7gmtg

Super interesting article in yesterday's WSJ (page B-1) entitled "San Francisco Developers Tackle Housing Woes". Describes how more realistic, flexible approach of public sector to facilitating additional housing development could begin to ameliorate SF's housing shortage. Hopefully will be instructive to officials in other cities with same needs!

Inclusionary zoning, a policy designed to create affordable housing by requiring or incentivizing developers to set aside a share of below-market-rate units in new projects, has been a topic of much debate. Originating in the 1970s, this policy aims to leverage land-use regulations to increase affordable housing and counteract exclusionary zoning laws that restrict cheaper units in multi-family buildings. However, recent research by UCLA housing expert Shane Phillips highlights the complexities and potential downsides of inclusionary zoning. While the intention is to boost affordable housing, these policies can sometimes backfire, leading to fewer homes overall and higher housing costs. Phillips' study suggests that while there are ways to optimize inclusionary zoning, direct housing subsidies, such as vouchers, might be more effective and flexible. Subsidies allow low-income residents to choose where they want to live and ensure that every dollar spent goes further. As we strive for balanced housing solutions, it's essential to recognize the trade-offs involved in policies like inclusionary zoning. Read more about the study and its implications in the article below. https://lnkd.in/ehgcRJ5V #HousingReform #RealEstate #AffordableHousing #InclusionaryZoning

The impact of land use policies of this scale can’t be fully assessed for decades. But in just 19 months, our Mixed-Income Neighborhoods Overlay promises to generate 160+ affordable private market homes (and counting!) in areas of opportunity, without halting development! Between 2018 and 2022, affordable housing accounted for 0.004% of new homes built by the private market in MIN’s West Philadelphia section. And even with thousands of units coming online, rents hit record highs. We knew we couldn’t sit on our hands as our working-class, Black and brown neighbors got priced out. That’s why our grassroots coalition worked hard to enact Philly’s first mandatory inclusionary zoning, a tool countless cities successfully deployed to defy displacement. We already amended MIN to make it easier to accomplish our goal, including allowing landlords to accept housing vouchers even if the amount exceeds MIN’s maximum rent. I look forward to continuing to work together to construct the affordable housing our communities need!

Part One: Breaking the Myth of Affordable Housing in Rural Areas Affordable housing is a hot topic in real estate, but when it comes to rural areas like Jefferson County, the concept often feels more like a myth than a reality. Many believe that simply building more homes will solve the issue, but the unique challenges faced by rural communities make traditional approaches ineffective. High infrastructure costs, rising construction expenses, and outdated thinking have created a scenario where affordability is elusive at best. Follow the link to read more https://buff.ly/4dFU0FV

South Florida faces a significant shortage of affordable housing, with demand far exceeding supply. LandTech US’s data recently played a key role in a The Real Deal article exploring the potential impact of Florida's recently amended #LiveLocalAct, which aims to incentivise developers to build workforce housing through #TaxBreaks and #ZoningChanges. #WorkforceHousing Here’s why this is important: 👉 LandTech's estimates suggest a whopping 2.3 billion square feet of additional development could be unlocked by the Act's incentives. This translates to potentially thousands of new workforce housing units for those struggling to find affordable housing options. 👉 LandTech’s data clearly shows the existing housing shortage, revealing a significant gap, with nearly 450,000 homes missing for extremely low-income renters in Florida. This data-driven approach provides valuable context for understanding the potential impact of the Live Local Act. #LandTechData #Florida Beyond the numbers, the article dives into the challenges developers still face: 1️⃣ High land costs 2️⃣ Evolving parking requirements 3️⃣ Navigating the development process Are all hurdles that need to be addressed for the Act to reach its full potential? 🔗 Click the link below to learn more about the Act, the challenges, and how it might affect the future of workforce housing in Florida.

The article "The Ripple Effect: Rent Regulation and Its Effects on Housing and Neighborhood Quality" highlights how rent regulation, intended to make housing affordable, often backfires, leading to deteriorating housing conditions and neighborhood quality. It emphasizes that these policies can result in increased housing inadequacies and neighborhood issues. The piece suggests that better solutions lie in increasing housing supply rather than regulation. Given the government's track record, if a policy is flawed, it's likely they will implement it. Read more [here](https://lnkd.in/gG7NvZxU).

Affordable Housing Crisis: Common Sense Solutions This issue needs practical and impactful solutions. Here are some common-sense approaches: It's number 3 for me 😉 1) Incentivize Affordable Development: Implement more tax breaks and subsidies for developers who commit to building affordable housing units. 2) Utilize Vacant Land: Transform unused or underutilized land in urban areas into affordable housing developments, providing homes where they are needed most. 3) Update Zoning Ordinances: Reform zoning laws to allow for higher density and mixed-use developments, making it easier to build affordable housing. Most local zoning ordinances are decades old and might have worked back then but not for our current challenges. 4) Public-Private Partnerships: Build collaborations between government, private sector, and nonprofits to leverage resources and expertise in creating sustainable affordable housing solutions. Can it be done? Absolutely! We just need a collective focus on the issue. #AffordableHousing #UrbanDevelopment #HousingCrisis #CommunityImpact