The Affordability Challenge: Inclusionary Housing and Community Land Trusts in a Federal System

Value Capture and Land Policies, Gregory K. Ingram and Yu-Hung Hong, eds., Lincoln Institute of Land Policy, 2012

33 Pages Posted: 29 Nov 2012  

Richard Voith

Econsult Corporation; University of Pennsylvania - Wharton School, Department of Real Estate

Susan M. Wachter

University of Pennsylvania - Wharton School, Department of Real Estate

Date Written: February 7, 2012

Abstract

Inclusionary housing and community land trusts (CLTs) are two mechanisms used to increase the stock of affordable housing. This chapter examines the potential of these mechanisms to provide long-term (“durably”) affordable housing in the United States, where there is strong local government and significant competition among local jurisdictions. In particular, it assesses the role of land value capture in enabling these mechanisms to provide for such housing.

Keywords: Housing Affordability, Inclusionary Zoning, Community Land Trusts

JEL Classification: R31

Suggested Citation

Voith, Richard and Wachter, Susan M., The Affordability Challenge: Inclusionary Housing and Community Land Trusts in a Federal System (February 7, 2012). Value Capture and Land Policies, Gregory K. Ingram and Yu-Hung Hong, eds., Lincoln Institute of Land Policy, 2012. Available at SSRN: https://ssrn.com/abstract=2182127

Richard Voith

Econsult Corporation ( email )

Philadelphia, PA 19104
United States

University of Pennsylvania - Wharton School, Department of Real Estate ( email )

3641 Locust Walk
Philadelphia, PA 19104-6365
United States
215 382 1894 (Phone)

Susan M. Wachter (Contact Author)

University of Pennsylvania - Wharton School, Department of Real Estate ( email )

The Wharton School
3620 Locust Walk
Philadelphia, PA 19104-6330
United States
215-898-6355 (Phone)

HOME PAGE: http://real.wharton.upenn.edu/~wachter/index.html

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