Harnessing the real estate market for equitable affordable housing provision: insights from the city of Santa Monica, California

Bernard Nzau and Claudia Trillo

Housing Studies, 2021, vol. 36, issue 7, 1086-1121

Abstract: Inclusionary housing is considered a powerful local policy tool that can help address housing affordability and social inclusion issues. This paper draws from empirical research conducted in the City of Santa Monica in California to provide fresh insights on a successful innovative inclusionary housing program, the Affordable Housing Production Program (AHPP). This program was established to increase affordable housing production and enable social integration. Based on the Land Use and Circulation Element (LUCE) of the General Plan, the AHPP seeks to capture some of the increase in land value resulting from planned increases in the intensity of development. Our research shows that the program increased inclusionary housing production by market-rate developers by 15% over the previous inclusionary housing policy. The study finds that land use policies and planning can, through inclusionary housing, help harness the strength of the real estate market to (1) increase affordable housing production, and (2) achieve effective social integration in neighborhoods of opportunity.

Date: 2021
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/02673037.2020.1746244 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:chosxx:v:36:y:2021:i:7:p:1086-1121

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/chos20

DOI: 10.1080/02673037.2020.1746244

Access Statistics for this article

Housing Studies is currently edited by Chris Leishman, Moira Munro, Ray Forrest, Alex Schwartz, Hal Pawson and John Flint

More articles in Housing Studies from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().