Community Planning and Design “Best Practices” Part 5: Substantiate Your Claims
If a blanket up-zoning without conditions for affordable housing and pedestrian infrastructure fails to lower housing costs and instead, precipitates teardowns to enable taller high-end development, accelerates residential displacement and biases our streets towards auto-mobility, then local government policymakers would have not only failed in their mission, but made matters worse. The only way to avoid this outcome is to employ the fifth practical “Best Practices” of five; Define, Engage, Explain, Design and Substantiate—(DEEDS) when crafting a community’s vision and the means to implement it.
Substantiate Your Claims about the following hypotheticals and possible implications of a citywide up-zoning.
• Supply-Side or Trickle-Down Economics and Inelastic Demand. Outdated supply-side theories have not consistently led to decreased unit costs.(1) That’s partly because when the primary goal is to maximize investor profits the incentive is not to produce affordable housing but capture the highest rates of return. According to Troy McMullen, developers expected 80% of units built in 2020 to be targeted for the luxury sector.(2) Investors have also used the new wealth created during the pandemic, to buy and sell real estate at double the price.(3) [Read more…] about Best Practices #5: Substantiate Your Claims