Developing Affordable Housing Ecosystems World Wide
You wouldn’t think that delays in financing a downtown luxury tower would stop in its tracks an affordable property in the Bronx, but such is the nature of sophisticated financial ecosystems that everything can influence everything else. [As my friend Shekar Narasimhan has pointed out, when Lehman went under, it filed bankruptcy in 56 countries, [...]
[Continued from yesterday's Part 1 and Part 2.]
So far our examination of the UK’s inclusionary zoning scheme, Section 106, has unearthed what we expected — that in a zero-sum game, negotiations are protracted, acrimonious, and coy. Further, localities — rightly appreciating that equity extract from Section 106 agreements is their principal source of new municipal infrastructure [...]
[Continued from yesterday's Part 1.]
Even before examining the specific practice, we’d expect a zero-sum-game form of inclusionary zoning to be beset by protracted negotiations and ongoing acrimony between developers and localities.
Talking about you and me, and the games people play
We’d also expect a migration toward a homes-produced number and away from deep affordability, simply [...]
Games are more fun when they’re positive-sum — and this applies very directly to affordable housing and inclusionary zoning.
Girls just wanna have sums!
Because affordable housing always costs money, some lucky stakeholder must fund the cost-value gap. While this money ultimately is or derives from government, government often wriggles, seeking to find ‘off budget’ ways of [...]
Not only is the world urbanizing, so too is America, and as we do, The value of urban land will continue to rise, with consequences that are both logically predictable – Every silver lining has a cloud – and utterly astonishing to those experiencing them, as detailed in this article from The San Francisco Chronicle:
It’s [...]
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