popular tools in the workforce housing toolkit october 1, 2015 robert hickey senior research...
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Popular Tools in the Workforce Housing Toolkit
October 1, 2015
Robert Hickey
Senior Research Associate
NHC’s Center for Housing Policy
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Workforce Housing Strategies
Broaden and Sustain Affordability
Allow for a Mix of Housing Types
Preserve Housing Assets
Link Market Activity to
Affordability
Reduce the Cost of Building and
Renovating
Recycle Homeownership
Assistance
Generate and Leverage Local
Capital
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Allow for a Mix of Housing Types
• Apartment and condominiums
• Accessory dwelling units
• Manufactured housing
• Cottage housing
• Micro-units
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• Financial incentives
• Repair assistance programs
• Property acquisition funds
• Right of first refusal laws
Preserve Assets:Low-Cost Rental Housing
iStock
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• Density bonus incentives
• Inclusionary housing requirements
• Affordability requirements on public land
Link Market Activity to Affordability
City of Redmond
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• Targeted parking space reductions
• Fee deferrals and waivers
Reduce the Cost of Building and Renovating
• Streamlined permitting
• Streamlined approvals
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• Community land trusts
• Shared equity homeownership assistance
Recycle Homeownership Assistance
Alana Samuels
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• Annual appropriations
• Commercial linkage fee
• Hotel/motel tax
• Housing demolition impact fee
• AirBnB fee
• Document recording fee
• Set-aside for tax-increment financing
Generate and Leverage Local Capital
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Inclusionary Housing
Source: Hickey, Sturtevant and Thaden, Achieving Lasting Affordability through Inclusionary Housing, Lincoln Institute of Land Policy, 2014.
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Best Practices
1. Mandatory has the best track record(strong incentives needed for voluntary to work at scale)
2. Make it win-win (provide cost offsets)
3. Make it flexible
4. Make it predictable
5. Apply it broadly (some include commercial)
6. Long-term affordability
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Community Land Trusts
1. Remove the cost of land from homeownership
2. Steward properties for broader community benefit for the long-term
3. 243 nationwide
4. Largest in Burlington, VT: leases land to about 500 for-sale homes
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Follow-up
inclusivepolicy.org
nhc.org
Robert Hickey
Center for Housing Policy and
National Housing Conference
202-466-2121 x236
@housingRobert