popular tools in the workforce housing toolkit october 1, 2015 robert hickey senior research...
TRANSCRIPT
Popular Tools in the Workforce Housing Toolkit
October 1, 2015
Robert Hickey
Senior Research Associate
NHC’s Center for Housing Policy
Workforce Housing Strategies
Broaden and Sustain Affordability
Allow for a Mix of Housing Types
Preserve Housing Assets
Link Market Activity to
Affordability
Reduce the Cost of Building and
Renovating
Recycle Homeownership
Assistance
Generate and Leverage Local
Capital
Allow for a Mix of Housing Types
• Apartment and condominiums
• Accessory dwelling units
• Manufactured housing
• Cottage housing
• Micro-units
• Financial incentives
• Repair assistance programs
• Property acquisition funds
• Right of first refusal laws
Preserve Assets:Low-Cost Rental Housing
iStock
• Density bonus incentives
• Inclusionary housing requirements
• Affordability requirements on public land
Link Market Activity to Affordability
City of Redmond
• Targeted parking space reductions
• Fee deferrals and waivers
Reduce the Cost of Building and Renovating
• Streamlined permitting
• Streamlined approvals
• Community land trusts
• Shared equity homeownership assistance
Recycle Homeownership Assistance
Alana Samuels
• Annual appropriations
• Commercial linkage fee
• Hotel/motel tax
• Housing demolition impact fee
• AirBnB fee
• Document recording fee
• Set-aside for tax-increment financing
Generate and Leverage Local Capital
Inclusionary Housing
Source: Hickey, Sturtevant and Thaden, Achieving Lasting Affordability through Inclusionary Housing, Lincoln Institute of Land Policy, 2014.
Best Practices
1. Mandatory has the best track record(strong incentives needed for voluntary to work at scale)
2. Make it win-win (provide cost offsets)
3. Make it flexible
4. Make it predictable
5. Apply it broadly (some include commercial)
6. Long-term affordability
Community Land Trusts
1. Remove the cost of land from homeownership
2. Steward properties for broader community benefit for the long-term
3. 243 nationwide
4. Largest in Burlington, VT: leases land to about 500 for-sale homes
Follow-up
inclusivepolicy.org
nhc.org
Robert Hickey
Center for Housing Policy and
National Housing Conference
202-466-2121 x236
@housingRobert