Just mainly because the bubble hasn’t popped but doesn’t mean that the bubble is not real. In the report Separating Reality from Fiction to DesignEffective Inclusionary Housing Applications ,” I critique the analysis on the impacts of inclusionary zoning policies and discovered that the most extremely regarded empirical studies show that these programs can generate inexpensive housing and do not lead to substantial declines in all round housing production or to increases in marketplace-price prices.
Housing co-ops need to abide by the Fair Housing Act and cannot discriminate based on age, sex, race, sexual orientation or religion ( -vs-co-ops-whats-the-difference/2013/04/25/f673e29c-a5e6-11e2-b029-8fb7e977ef71_story.html ). Applicants can only be rejected based upon financial criteria and an unwillingness to abide by the cooperative’s rules and regulations.
Outdoors of the housing realm, partnership with the U.K. has led to initiation of Social Effect Financing (also identified as Social Effect Bonds and Spend for Results) in the U.S. For additional information, check out the Urban Institute’s Pay for Achievement portal Click here for a recording of the event, the witness list and the witnesses’ full testimony.
Last week I attended a hearing held by the Home Financial Solutions Subcommittee on Housing and Insurance coverage, The Future of Housing in America: A Comparison of the United Kingdom and United States Models for Reasonably priced Housing” Members of the subcommittee heard testimony from lots of distinguished panelists like Thomas Bledsoe of the Housing Partnership Network and Rick Gentry of the San Diego Housing Commission, both NHC members.
Second, as Dr. Susan J. Popkin of the Urban Institute pointed out in her testimony, the U.K. does not have the similar legacy of institutionalized racial segregation and discrimination that resulted in so much of the U.S.’s federally subsidized housing stock getting positioned in predominantly minority, chronically disadvantaged, higher-crime neighborhoods.