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Harnessing the real estate market for equitable affordable housing provision : insights from the city of Santa Monica, California

Nzau, B; Trillo, C

Authors

B Nzau

C Trillo



Abstract

Inclusionary housing is considered a powerful local policy tool that can help address housing affordability and social inclusion issues. This paper draws from empirical research conducted in the City of Santa Monica in California to provide fresh insights on a successful innovative inclusionary housing program, the Affordable Housing Production Program (AHPP). This program was established to increase affordable housing production and enable social integration. Based on the Land Use and Circulation Element (LUCE) of the General Plan, AHPP seeks to recapture some of the increases in land value resulting from planned increases in the intensity of development. Our research shows that the program increased inclusionary housing production by market-rate developers by 15% over the previous inclusionary housing policy. The study finds that land use policies and planning can, through inclusionary housing, help harness the strength of the real estate market to: 1) increase affordable housing production and, 2) achieve effective social integration in neighborhoods of opportunity.

Citation

Nzau, B., & Trillo, C. (2021). Harnessing the real estate market for equitable affordable housing provision : insights from the city of Santa Monica, California. Housing Studies, 36(7), 1086-1121. https://doi.org/10.1080/02673037.2020.1746244

Journal Article Type Article
Acceptance Date Mar 9, 2020
Online Publication Date Apr 14, 2020
Publication Date Aug 9, 2021
Deposit Date Apr 3, 2020
Publicly Available Date Apr 22, 2020
Journal Housing Studies
Print ISSN 0267-3037
Electronic ISSN 1466-1810
Publisher Routledge
Volume 36
Issue 7
Pages 1086-1121
DOI https://doi.org/10.1080/02673037.2020.1746244
Publisher URL https://doi.org/10.1080/02673037.2020.1746244
Related Public URLs https://www-tandfonline-com.salford.idm.oclc.org/toc/chos20/current
Additional Information Projects : MAPS LED

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