Representative Camp releases his proposal for tax reform. What does it mean for smart growth?

Yesterday Representative Dave Camp (R-MI), Chairman of the House Ways and Means Committee, introduced his proposal for comprehensive tax reform—and it has big implications for real estate and smart growth.

Each year Americans take billions of dollars worth of income tax deductions related to real estate. Things like the mortgage interest deduction and property tax deduction can represent big savings for a household—so big that they can influence taxpayers’ decisions about the type of home they buy. Even more credits are available to real estate developers, who can get tax breaks to help pay for things like redevelopment or the construction of low-income housing.

LOCUS

House tax reform proposal a mixed bag on urban development issues

House Ways and Means Committee Chairman Dave Camp (R-MI) took the first step toward comprehensive tax reform yesterday and introduced a proposal that would have a mixed impact on communities’ efforts to grow in smart, economically efficient ways. Geoff Anderson, President and CEO of Smart Growth America, and Chris Leinberger, President of LOCUS, issued this joint statement in response:

“Above all, we’re glad Congress is finally tackling comprehensive tax reform. Hundreds of billions are currently spent through the tax code on housing and community development and much of this could be spent better than it is today. For anyone who wants to see these incentives achieve their maximum effect—helping Americans access good affordable housing choices in safe, stable, thriving communities, tax reform is a must.

LOCUS

How could the next federal transportation bill better support smart growth real estate development?

Sound Transit in Seattle, WA was made possible in part by federal transportation funding. Photo by Flickr user Sean Marshall.

Real estate developers everywhere are familiar with the federal programs and regulations involved with building transit-oriented development. With the federal surface transportation bill due to expire early this fall, how could these programs and regulations be improved?

We want to hear from you. Join LOCUS for a conference call on Tuesday, February 25, 2014 at 3:00 PM EST to discuss federal transportation programs as they relate to smart growth development and how these programs can better support walkable, sustainable development.

LOCUS

Registration now open for 2014 LOCUS Leadership Summit

2014 LOCUS Leadership Summit

Real estate developers and investors interested in building walkable neighborhoods are invited to participate in the 2014 LOCUS Leadership Summit: Closing the next [Smart Growth] deal.

The 2014 Summit will take place on June 17-18, 2014 in Washington, DC. Real estate developers, investors, members of Congress and Washington’s thought leaders will come together to discuss cutting edge design, planning, finance and management ideas you won’t find anywhere else.

LOCUS

Top 10 of 2013: Growing our coalition of smart growth real estate developers and investors

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This month we’re looking back at some of Smart Growth America’s brightest moments and greatest accomplishments from 2013. Today’s highlight? The work of LOCUS, our coalition of responsible real estate developers and investors.

Thousands of people live and work in the walkable, mixed-use neighborhoods built by LOCUS developers. And since its inception, LOCUS has advocated for state and federal policies that support a diverse array of development strategies.

LOCUS

Top 10 of 2013: Finding ways for Congress to cut costs and help American families

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This month, we’re looking back at some of Smart Growth America’s brightest moments and greatest accomplishments from 2013. Today’s highlight? Our recommendations for how Congress could improve how it supports real estate while saving billions of dollars at the same time.

The federal government spends approximately $450 billion each year on programs that influence the private real estate market. From loan guarantees to commercial tax credits, these programs span multiple agencies and were created at different times for different purposes over the past several decades. Perhaps as a result, there are problems with these programs.

LOCUS

LOCUS talks about new development in Somerville and state policy change at two events in Massachusetts

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The City of Somerville, MA collected ideas from residents for new development around forthcoming Green Line stations at a public meeting. Photo by Interactive Somerville via Flickr.

In November LOCUS joined two events in Massachusetts to connect real estate developers there with both local and state officials, and to discuss the policy changes needed to facilitate walkable, sustainable development throughout Massachusetts.

LOCUS

Save the date: 2014 LOCUS Leadership Summit

Photos from the 2013 LOCUS Leadership Summit.

The 2014 LOCUS Leadership Summit will take place June 17-18, 2014 in Washington DC. The LOCUS Leadership Summit is the premiere conference where smart growth deals get done. Real estate developers and investors who are interested in advancing walkable, sustainable communities are invited to join us for two days of business networking, dealmaking and insight into the latest smart growth innovations.

LOCUS

Transit is key to Cincinnati's economic progress

(The following article originally appeared in the Cincinnati Inquirer on November 8, 2013)

By Christopher B. Leinberger

I was the lead consultant, along with Jim McGraw of KMK Consulting, on the Go Cincinnati economic development strategy in 2008. While funded by the private sector under the auspices of the Cincinnati USA Regional Chamber, Go Cincinnati became the City Council-adopted economic strategy for the city’s future. The City, along with 3CDC, Port Authority, Museum Center at Union Terminal and others, are already implementing it.

Brookings and KMK found that Cincinnati’s major economic deficiency is the lack of walkable urban places with the housing and jobs required for the 21st century knowledge economy. The city was not playing as large a role in the regional economy since it was not focusing on the development of these high-density, mixed-use walkable urban places. The city is now fulfilling the Go Cincinnati strategy by successfully building walkable urban neighborhoods, such as Fountain Square, Uptown Coalition and Over-the-Rhine. But much more needs to be done.

LOCUS

Join LOCUS next week for an event on the future of walkable urban development

LOCUS President Christopher Leinberger speaking at a previous ULI event.
LOCUS President Christopher Leinberger speaking at last year’s event.

Real estate professionals, advocates and academics are invited to join LOCUS, the George Washington University Center for Real Estate and Urban Analysis and ULI Washington for a day-long event exploring how to develop walkable urban projects and how to implement the strategies for place management in walkable urban places.

LOCUS