Affordable Housing, Community Development

ULI Looks at Leveraging Private Sector for Affordable Housing

Urban Land Institute (ULI)
 

A new report by the Urban Land Institute (ULI) addresses best practices that generate private investment in affordable housing projects. The article explores the key drivers of real estate development, how features of inclusionary zoning (IZ) affect development feasibility, and how to effectively utilize incentives to promote the development of mixed-income projects.

The report asserts that the most important factors in a successful IZ program are sustained development of market-rate projects, price growth, and low vacancy rates in a real estate market. IZ policies often do not need incentives in these contexts. The authors note that this is rarely the case and incentives are typically necessary to make IZ development financially feasible.

The authors also note that the most appropriate incentives depend on local market conditions. Some of these incentives include direct subsidies, tax abatements, density bonuses, and reduced parking requirements. The report explores circumstances when each type of incentive would be most effective.

Click here to read the full report 

 
 

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