Housing Affordability: Smart Growth Abuses Are Creating a "Rent Belt" of High-Cost Areas
Publication Date: January 2007
Publisher(s): Heritage Foundation (Washington, D.C.)
Keywords: Smart growth; Affordable housing; households
Coverage: United States
Housing affordability problems are concentrated in regions where anti-growth land-use regulations have limited the supply of building lots. High-cost housing encourages business and households to move elsewhere and undermines the regional economy. The solution is to attack the root cause of the affordability problem (restrictive land-use regulations) and increase the supply of building lots.