The Need for more Substantial Funding for Affordable Housing
The article discusses the growing problem of housing affordability in many U.S. cities, where rents are increasing faster than incomes, particularly affecting low- and moderate-income households. One common policy response to this issue is inclusionary zoning, which mandates that developers set aside a portion of new housing units (typically 10 to 20 percent) for affordable housing. This approach is often perceived as beneficial since it does not directly cost taxpayers, but it has significant drawbacks.