PRESS
RELEASE
2.20.02
Contact:
Elizabeth Humphrey, (202) 974-5137
New Study Finds Growth Management
Strategies Promote Housing Affordability
A groundbreaking study,
released today by the Brookings Center for Urban and Metropolitan Policy,
concludes that well-crafted growth management strategies can promote housing
affordability because they tend to diversify and increase the supply of
housing in a region.
The evidence shows that managing growth can not only rein in uncontrolled
sprawl but also improve housing choices for all Americans, said
Don Chen, Executive Director of Smart Growth America.
The study, The Link Between Growth Management and Housing Affordability:
The Academic Evidence, uses the academic literature to refute a
standard assertion of smart growth opponents -- that growth management
automatically reduces housing affordability.
The study reframes the debate. The authors demonstrate that housing prices
are most strongly driven by market demand, and can be expected to rise
in any land use regulatory environment. They suggest that the more important
question is how different land use strategies perform in terms of producing
an ample supply of housing for a variety of income levels.
Growth management performs very well according to this standard when local
planners and elected officials focus on the details of implementation.
To achieve the best economic, environmental, and equitable outcomes,
growth management needs to be done right from start to finish. You cant
just pass an ordinance and expect everything to work out, said Chen.
Good growth management means facilitating responsible development
that works for everyone, especially low-income families who have limited
choices.
The report was authored by Arthur C. Nelson and Casey Dawkins of the Georgia
Institute of Technology, Rolf Pendall of Cornell University, and Gerrit
Knaap of the University of Maryland. It is available at the Brookings
Institutions web site: www.brookings.edu/urban.
Smart Growth America is a national coalition of over 100 groups promoting
a better way to grow; one that protects farmland and open space, revitalizes
neighborhoods, keeps housing affordable and provides people with more
transportation choices.
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