Increasing Housing Supply and Attainability: Improving Rules & - PowerPoint PPT Presentation

C Increasing Housing Supply and Attainability: Improving Rules & Engagement to Build More Housing YOLANDA COLE CHAIR, ULI WASHINGTON APRIL 30, 2019

DE DEFINI FINING NG TH THE NE E NEED ED Lack of supply contributes to the high cost of housing at all levels in the Washington, DC region.

Housing is not keeping up with job growth

How Can We Build More Housing? There is No Silver Bullet Solution Both Local and Regional Efforts are Necessary

BUILD TRUST through Inclusive and Transparent Community 1 Engagement

IMP IMPRO ROVE EDU VE EDUCAT CATION ION AND AND COM COMMUNICAT MUNICATION ION 2 about Development and Housing Considerations

Establish a 3 SHARED REGIONAL AND LOCAL VISION

Advance Geographically and Socioeconomically 4 EQ EQUI UITA TABL BLE DEV E DEVEL ELOPM OPMENT ENT

PR PRES ESER ERVE VE AN AND EXP D EXPAND AND 5 Committed Affordable Housing Choices

Increase the Efficiency of LOCAL GOVERNMENT 6 PROCESSES and INSTITUTIONAL STRUCTURES

AD ADOP OPT T FLE FLEXI XIBL BLE POL E POLICIES ICIES to Accommodate Shifts in Housing Demand and other Market 7 Conditions

Improve Ho How an w and Whe d When Dev n Develop elopers ers In Inter teract act 8 with the Community

Improve Prioritization among COMMUNITY 9 BENEFITS and DEVELOPER CONTRIBUTIONS “Interviewees estimated that a two-year approval process can add $2 million to $2.5 million in costs before fees and developer contributions regardless of whether a project is 60 or 600 units.”

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