Creating and Preserving Affordability in Location-

Efficient Areas

Rebecca CohenSenior Research Associate

Center for Housing Policy

Beltway BurdenHousing and Transportation Costs in the Washington, DC, Metro Area

A Heavy Load

HousingPolicy.orgGuide to Sustainable & Equitable Development

Goals:

1) Preserve existing affordable housing

2) Ensure new development includes affordable options

3) Build in affordability over the long-term

4) Reach the lowest-income families

1. Preserve existing affordable housing

Source: http://www.nhtinc.org/downloads/saving_housing_near_transit.pdf Access at www.lincolninst.edu

2. Ensure new development includes affordable options

Eaton Row - Courtesy of Jonathan Rose Companies

Density bonuses

Revised parking requirements

Reduced impact fees

Linkage fees

TOD acquisition funds and land banks

TIF

Streamlined permitting

Inclusionary zoning

3. Build in affordability over the long-term

Sawmill Community Land Trust Arbolera de Vida

Community land trusts

Deed restrictions

Extended subsidy program affordability periods

4. Reach the lowest-income families