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Smart Growth Hurts Home Ownership

Posted by: Abhijeet Chavan
Thanks to: Abhijeet Chavan
15 May 2001 - 5:00am

Report argues that 'smart growth' policies put home ownership 'at risk' by increasing housing prices.

"America's commitment to providing every citizen with homeownership opportunities is facing a serious challenge as more and more entry-level homebuyers are priced out of the market by poorly conceived "smart growth" initiatives. These initiatives, which attempt to limit a community's growth and development through such regulations as growth boundaries, lower population densities, "downzoning," impact fees, construction prohibitions, and land set-asides, have the effect of raising home prices and discouraging homeownership. As a result, one of America's greatest public policy successes--its historically high homeownership rate--is at risk."

Full Story: Smart Growth, Housing Costs, and Homeownership
Source: The Heritage Foundation, May 13, 2001
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No matter how one wanted to organize the ideal city, housing security would be part of it. No community can function effectively if large numbers of its residents are regularly displaced or perpetually at risk of being displaced.
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