1. Encouraging mixed-use and higher-density development: By allowing mixed-use development with taller buildings and higher density, cities can create more affordable housing units in a given area.
2. Providing incentives to developers: Cities can offer developers tax credits, zoning bonuses, or reduced fees for building affordable housing units.
3. Using public land for affordable housing: Cities can use public land to create more affordable housing units and ensure they remain affordable in perpetuity.
4. Adopting inclusionary zoning policies: Cities can adopt inclusionary zoning policies that require a percentage of new developments to be designated as affordable housing.
5. Simplifying the regulatory process: Cities can streamline the process for getting affordable housing projects approved and permitted, reducing costs for developers.
6. Increasing funding for affordable housing: Cities can invest in affordable housing projects through grants, loans, and other funding sources.
7. Preserving existing affordable housing: Cities can enact policies to ensure that existing affordable housing units remain affordable and protected from market forces.
8. Partnership with the private sector: By partnering with for-profit developers or lenders, cities can leverage private resources to create more affordable housing units.
Publication date: