1. Popular Tools in the Workforce Housing Toolkit October 1, 2015 Robert Hickey Senior Research Associate NHC’s Center for Housing Policy

2. Workforce Housing Strategies Broaden and Sustain Affordability Allow for a Mix of Housing Types Preserve Housing Assets Link Market Activity to Affordability Reduce the Cost of Building and Renovating Recycle Homeownership Assistance Generate and Leverage Local Capital

3. Allow for a Mix of Housing Types Apartment and condominiums Accessory dwelling units Manufactured housing Cottage housing Micro-units

4. Financial incentives Repair assistance programs Property acquisition funds Right of first refusal laws Preserve Assets: Low-Cost Rental Housing iStock

5. Density bonus incentives Inclusionary housing requirements Affordability requirements on public land Link Market Activity to Affordability City of Redmond

6. Targeted parking space reductions Fee deferrals and waivers Reduce the Cost of Building and Renovating Streamlined permitting Streamlined approvals

7. Community land trusts Shared equity homeownership assistance Recycle Homeownership Assistance Alana Samuels

8. Annual appropriations Commercial linkage fee Hotel/motel tax Housing demolition impact fee AirBnB fee Document recording fee Set-aside for tax-increment financing Generate and Leverage Local Capital

9. Inclusionary Housing Source: Hickey, Sturtevant and Thaden, Achieving Lasting Affordability through Inclusionary Housing, Lincoln Institute of Land Policy, 2014.

10. Best Practices 1. Mandatory has the best track record (strong incentives needed for voluntary to work at scale) 2. Make it win-win (provide cost offsets) 3. Make it flexible 4. Make it predictable 5. Apply it broadly (some include commercial) 6. Long-term affordability

11. Community Land Trusts 1. Remove the cost of land from homeownership 2. Steward properties for broader community benefit for the long-term 3. 243 nationwide 4. Largest in Burlington, VT: leases land to about 500 for-sale homes

12. Follow-up inclusivepolicy.org nhc.org Robert Hickey Center for Housing Policy and National Housing Conference rhickey@nhc.org 202-466-2121 x236 @housingRobert