With a growing number of communities reinstating and raising impact fees, the concern about affordability is also growing. And the challenges of scarce lots and tight lending standards are only making matters worse.
Many lawmakers and community officials continue to turn to inclusionary zoning as a seemingly quick and easy plan they can adopt and impose on the housing industry, instead of developing a more comprehensive plan. Yet new research confirms that multiple strategies are needed to close the financing gap and make projects more viable.
Prime examples of how the public and private sectors can work together to build mixed income, affordable neighborhoods are detailed in a new NAHB publication, How Did They Do It? Discovering New Opportunities for Affordable Housing.
NAHB also recently developed and updated additional resources to help builders and developers address some of the most pressing industry concerns related to impact fees and affordability, including:
- The Impact Fee Handbook (updated in 2016) details several of the most common errors in calculations, inaccurate planning assumptions and illegal misappropriations of impact fees.
- Development Process Efficiency: Cutting Through the Red Tape guides members and HBAs through the process of engaging with local officials and the public to streamline the lengthy, complex and costly development approval process as a way of addressing housing affordability.
- Smart Codes, Smart Process Checklist can be used as a conversation starter with local planners and officials to take stock of local plans and policies, and provides direction to more detailed reports.
All of these resources are available in hard copy, and online at nahb.org/landuse101.