Inclusionary zoning works

A recent study Furman Center for Real Estate and Urban Policy indicates that inclusionary zoning does not reduce the number of homes built or drive up prices. As reported in the NY Times on march 29, 2008, “If there are jumps in prices, they are minimal.” The report said “there is no evidence” in the San Francisco area that inclusionary zoning affects “either the prices or production of single-family houses.” In suburban Boston, the policy “seems to have resulted in small decreases in production and slight increases in the prices of single-family houses.”

According to Vicki Been, the Furman Center’s director inclusionary zoning however does not “is not a panacea for a community’s affordable housing challenges.” Inclusionary zoning only creates a “modest number of units.”

To read the full report click here.