Sean

What’s the Value of “Value Capture”?

A new essay by UCLA’s Michael Manville delivers a strong critique of the method many cities use to extract fees and concessions in exchange for allowing new homes to be built. Known as “value capture,” these fees are sold as…

How Transit Makes Housing More Affordable

A new study by Matan Singer at the University of Michigan covering twenty-seven metropolitan regions shows how proximity to transit can reduce housing cost burdens for low-income households by reducing transportation costs. While public transit is substantially less expensive than…

President Biden’s Treasury Department Says: YIMBY

A recent article by Deputy Secretary of the Treasury Wally Adeyemo underscores a range of key findings for the Biden Administration’s housing policy efforts. Key takeaways: Affordable housing is central to providing economic opportunity, and the lack of it is…

The Zoning Tax: $400,000, House Not Included

A new working paper from Gyourko and Krimmel (2021) analyzes new data on single-family housing construction and land use regulations, and finds that cities with restrictive zoning are in effect charging a “zoning tax”— and in some cases in California,…