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      Our Vision
      BCP’s vision is that free-market municipal policy solutions are broadly available, widely acceptable, and regularly employed, enabling American cities to achieve their full potential as engines of economic prosperity. We reject the idea that cities are lost to free-market principles or policies.
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      BCP uncovers ideas that work, promotes realistic solutions, and forges partnerships that help people in America’s largest cities live free and happy lives.
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      Las Vegas NV 89107

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      Home Community, Growth and Housing

      American Enterprise Institute: Report on walkable oriented districts

      An opportunity for the Great Reset

      byEdward Pinto
      November 11, 2021
      in Community, Growth and Housing, Economic Prosperity, Transportation and Infrastructure
      Reading Time: 2 mins read
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      American Enterprise Institute: Report on walkable oriented districts
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      The American Enterprise Institute released a report earlier this year on the benefits to walkable oriented districts. Among the main takeaways of the report are:

      •  Since the 1950s the focus of suburban development has largely been on the separation by function: residential from commercial and office.
      •  This has included a strong bias towards travel by automobile with minimal or no consideration given to walkability, especially to run errands.
      • These trends combined with overly restrictive zoning and land use laws have driven up the cost of land and created a severe rental and owner housing shortage.
      •  Research by the AEI Housing Center has shown that across the nation around 20% of existing housing units are already located in both pre- and post-1950 Walkable Oriented Development (WOD) areas.
      • Modestly increasing residential density in such areas even from a 1- to a 2-unit structure would result in a much needed and meaningful addition to our housing supply, enhance the vibrancy of commercial areas, and yield a significant boost in property tax revenue.
        •  In September 2021 California, following Oregon’s lead two years earlier, legalized 2-unit structures across wide swaths of the state.
      • WOD would bring housing closer to service jobs thereby reducing transportation and housing costs, while freeing up time for other activities such as recreation and child care.
      • Nationally, the AEI Housing Center estimates that a focus on WOD has the potential to add 2 million private homes over 10 years to our housing stock while taking advantage of existing developed land and infrastructure at little taxpayer cost.

      Click here to access the full report.

      Via: AEI
      Tags: Housing AffordabilityInfrastructureRental HousingZoning
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      Edward Pinto

      Edward Pinto

      Edward J. Pinto is a senior fellow and the director of the AEI Housing Center at the American Enterprise Institute (AEI). He is currently researching how to increase the entry-level housing supply for first-time buyers and renters who earn hourly wages, as well as examining the current house price boom that began in 2012. This continues his previous work on the role of federal housing policy in the 2008 mortgage and financial crisis. Before joining AEI, Mr. Pinto was an executive vice president and chief credit officer for Fannie Mae until the late 1980s. Today, he is frequently interviewed on radio and television and often testifies before Congress. Mr. Pinto has a JD from Indiana University Maurer School of Law and a BA from the University of Illinois at Urbana-Champaign.

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