Volume 19, Issue 4
Affordable Housing in New Urbanist Communities: A Survey of Developers
Comment: McIlwain
Comment: Dietz
Prepayment Penalties in Residential Mortgage Contracts: A Cost-Benefit Analysis
Mobility and Exit from Homeownership: Implications for Community Reinvestment Lending
Fostering Low-Income Homeownership through Individual Development Accounts: A Longitudinal, Randomized Experiment
State Innovations in Affordable Housing Policy: Lessons from California and New Jersey
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Comment: Dietz
Volume 19, Issue 4
2008
 
Robert D. Dietz
 
Johnston and Talen use survey data to investigate the experience of developers employing New Urbanist techniques. The authors conclude that for cases in which affordable housing has been included in New Urbanist projects, developers typically relied on complex arrangements or incentives to achieve this goal. Whether New Urbanist objectives and the promotion of affordable housing can be simultaneously incorporated in projects on a large scale remains an open question.

This comment identifies the incentives available for affordable housing and community development and notes the problems that ensue when these incentives are used together. Further, this comment examines the market-demand challenges faced by developers trying to construct affordable housing within a New Urbanist framework. The findings suggest that the most efficient way to further New Urbanist principles, where the market demands such techniques, is to increase the flexibility of tax incentive programs.
 
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