The Fallacy Of Inclusionary Zoning

Posted by: Chris Steins
Thanks to: ArchNewsNow.com

1 October 2002 - 6:00am

If affordable housing is the goal, get rid of inclusionary zoning requirements.

"[Inclusionary Zoning] rules force developers to sell a percentage — usually 10% to 20% — of dwellings in a new development to moderate-income families. The units are supposed to be affordable to families with incomes that are 40% to 50% below the area's median income... In order to obtain a competitive return, developers must charge higher prices for the unsubsidized housing in the development.

Full Story: Want affordable housing? Take reins off developers

Source: Crain's Chicago Business, September 30, 2002

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