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What We’re Following
Who’s counting: Affordable housing isn’t cheap to build. It’s no surprise that it costs more to build where land prices are higher, but there’s another factor that inflates the costs: local regulations. When homeowners and neighborhoods fight to slow or stop development, it makes low-income developments harder and more expensive to build. But we don’t know how much.
Since 2010, the federal government has helped finance some 50,000 affordable units every year through the Low Income Housing Tax Credit program. As CityLab’s Kriston Capps reports, when the Government Accountability Office released a long-awaited report last week about the effectiveness of the program, it didn’t attempt to gauge the effect that regulatory burdens had on building more units. Without that data, it’s still tough to answer an important question: How much does NIMBYism cost?
More on CityLab
What We’re Reading
The secret life of teen scooter outlaws (The Verge)
Why mayors and urban leaders could have a bigger impact on the 2018 election (Curbed)
Are landlords telling the truth? New York City doesn’t always check. This guy does. (New York Times)
What happens to police departments that collect more fines? They solve fewer crimes. (Washington Post)
Podcast alert: “The City” launches today, starting in Chicago (USA Today)
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