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

Nzau, B ORCID: https://orcid.org/0000-0002-3457-4649 and Trillo, C ORCID: https://orcid.org/0000-0002-5961-0706 2020, 'Harnessing the real estate market for equitable affordable housing provision : insights from the city of Santa Monica,California' , Housing Studies .

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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, AHPP seeks to recapture some of the increases 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.

Item Type: Article
Schools: Schools > School of the Built Environment > Centre for Urban Processes, Resilient Infrastructures & Sustainable Environments
Journal or Publication Title: Housing Studies
Publisher: Taylor & Francis
ISSN: 0267-3037
Related URLs:
Funders: H2020 European Programme
Depositing User: USIR Admin
Date Deposited: 03 Apr 2020 07:44
Last Modified: 22 Apr 2020 13:45
URI: http://usir.salford.ac.uk/id/eprint/56765

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