Housing

Overview

The paper "Producing Affordable Housing in Rising Markets: What Works?" explores strategies and policies to address the challenge of maintaining and increasing the supply of affordable housing in cities experiencing rising housing costs. The authors analyze various state and local programs designed to provide or incentivize the development of affordable housing and highlight the complexities and limitations of these initiatives. The discussion emphasizes the importance of regulatory reform, public-private partnerships, and innovative funding mechanisms to support affordable housing production and preservation.

Key Message

To address the challenges of affordable housing in rising markets, a multi-faceted approach involving federal, state, and local governments, as well as nonprofit organizations, is essential. Key recommendations include understanding and improving the productivity of existing affordable housing programs, reducing regulatory burdens to lower development costs, and leveraging public-private partnerships to attract private capital. By implementing these strategies, policymakers can enhance access to affordable housing in areas with high job growth and public amenities, promoting inclusive economic development and ensuring that low- and moderate-income families can thrive in revitalizing urban areas