What are some effective case studies on inclusionary zoning?

What are some effective case studies on inclusionary zoning?

Inclusionary zoning refers to policies that require a percentage of new housing developments to be affordable for low-income residents. Some effective case studies include San Francisco's Inclusionary Housing Program and New York City's Mandatory Inclusionary Housing.

Can you tell me more about San Francisco's program?

Sure! San Francisco's Inclusionary Housing Program was established in 2002. It requires developers to set aside 12-25% of new units as affordable housing, depending on the project's size and location. This has helped create thousands of affordable units.

What challenges have they faced with this program?

Some challenges include opposition from developers, concerns about the impact on housing supply, and the need for ongoing funding to support affordable housing initiatives.

Are there any success stories from this program?

Yes, one success story is the development of the 5M Project, which includes over 1,000 units of housing, with a significant portion designated as affordable. This project has revitalized the area while providing much-needed affordable options.