Smart Growth Hurts Home Ownership

Report argues that 'smart growth' policies put home ownership 'at risk' by increasing housing prices.

1 minute read

May 15, 2001, 5:00 AM PDT

By Abhijeet Chavan @http://twitter.com/legalaidtech

"America's commitment to providing every citizen with homeownership opportunities is facing a serious challenge as more and more entry-level homebuyers are priced out of the market by poorly conceived "smart growth" initiatives. These initiatives, which attempt to limit a community's growth and development through such regulations as growth boundaries, lower population densities, "downzoning," impact fees, construction prohibitions, and land set-asides, have the effect of raising home prices and discouraging homeownership. As a result, one of America's greatest public policy successes--its historically high homeownership rate--is at risk."

Thanks to Abhijeet Chavan

FULL STORY: Smart Growth, Housing Costs, and Homeownership

Sunday, May 13, 2001 in The Heritage Foundation

Housing United States

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