The predominant tool used to finance affordable housing is the very effective Low Income Housing Tax Credit. Since its inception in 1986, the program has helped more than 10 million families put roofs over their heads. The Affordable Housing Credit Improvement Act is an opportunity to make a good thing even better. Click here to…
Housing experts and advocates are frustrated because of the many barriers that exist to creating more multi-family housing. A new survey of 100 cities and towns in Greater Boston could guide us towards solutions. The report, titled “State of Multi-family Housing in Greater Boston,” focuses specifically on regulations that restrict or promote multi-family housing. In her latest op-ed, Susan asserts that by gathering current policy data and looking at which communities have grown their housing supplies and which have not, this new report will help us increase the efficacy of future policy creation.
In an effort to produce more affordable housing, municipalities are exploring tools like inclusionary zoning and density bonus incentives. However, in the absence of significant data, density bonuses are not well-understood and can be difficult to deploy effectively. Susan stresses the importance of supporting communities in order to achieve the results that are so desperately needed.
The Housing Choice bill is an important step that would create the opportunity for municipalities to achieve their housing goals through simple majority decision-making. With the hope of action on the bill by year end, Susan discusses its potential. Click here to read Susan’s October op-ed in Banker & Tradesman.