Addressing Housing Shortages through Tax Abatement

Paul Willen

No 2024-2, Current Policy Perspectives from Federal Reserve Bank of Boston

Abstract: Rising rents, often attributed to a shortage of available housing, spotlight the urgent need to accelerate housing construction, particularly in Boston and other “superstar cities” where rents have been rising acutely. This report looks at the potential efficacy and costs of one particular policy option to jump-start residential construction: incentivizing developers to build by granting them tax abatements for new construction.

Keywords: tax abatement; housing supply; Housing - Boston (search for similar items in EconPapers)
JEL-codes: H20 (search for similar items in EconPapers)
Pages: 8
Date: 2024-03-28
New Economics Papers: this item is included in nep-pbe and nep-ure
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedbcq:97983

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