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Increasingly, workers such as teachers, firefighters, retail managers, and nurses are unable to find affordable housing in the communities where they work. This comprehensive book describes the problem, includes case studies, and examples of financially feasible for-profit developments and provides a toolkit of public and private programs that are being used to encourage the development of housing for the workforce.
Millennials have captured our imaginaries in recent years. The conventional wisdom is that this generation of young adults lives in downtown neighbourhoods near cafes, public transit and other amenities. Yet, this depiction is rarely unpacked nor problematized. Despite some commonalities, the Millennial generation is highly diverse and many face housing affordability and labour market constraints. Regardless, as the largest generation following the post-World War II baby boom, Millennials will surely leave their mark on cities. This book assesses the impact of Millennials on cities. It asks how the Millennial generation differs from previous generations in terms of their labour market experiences, housing outcomes, transportation decisions, the opportunities available to them, and the constraints they face. It also explores the urban planning and public policy implications that arise from these generational shifts. This book offers a generational lens that faculty, students and other readers with interest in the fields of urban studies, planning, geography, economic development, demography, or sociology will find useful in interpreting contemporary U.S. and Canadian cities. It also provides guidance to planners and policymakers on how to think about Millennials in their work and make decisions that will allow all generations to thrive.
Conducted in partnership with Enterprise Community Partners, this research initiative examines the various cost drivers hindering the development of affordable rental housing. It explores both the cost drivers of affordable rental housing and proposes actionable recommendations to expand the supply of affordable rentals.
With nearly 10 million low- and moderate-income working households paying more than half their income towards their rent or mortgage, cities are increasingly using their zoning authority to encourage the development of new workforce housing units. A study by the ULI Terwilliger Center for Housing assesses and illustrates the economics of the most common approach: inclusionary zoning (IZ). Through IZ, cities require or encourage developers to create below-market rental apartments or for-sale homes in connection with the local zoning approval of a proposed market-rate development project. This study-based on in-depth analytic modeling, an extensive literature review, and interviews with developers and other land use experts-provides such advice on what incentives work best in which development scenarios. The study's purpose is to enable policy makers to better understand how an IZ policy affects real estate development and how to use the necessary development incentives for IZ to be most effective.
"'Low-Income Housing Tax Credit Handbook' provides definitive guidance through the complex body of laws, regulations, and judicial decisions concerning the low-income housing credit (LIHC)"--