Strategies For More Affordable Housing The City Of Chino Needs
In order to close the housing affordability gap, a comprehensive strategy is needed, including legalizing more apartment and accessory dwelling units, reducing parking requirements, and increasing development and preservation efforts. Increased homeownership and improved housing stock can benefit both the city and residents. The primary way to expand the supply of affordable rental housing is through tax credit development. Jenny Schuetz suggests better alignment of zoning reform, land value taxes, and financial assistance to address housing affordability. Community leaders can also encourage the production of additional housing units to improve affordability.
The City of Chino's commitment to developing more affordable housing is vital, given the pressing demand and the potential legal repercussions of not meeting RHNA allocation targets. The Housing Element Update's inclusion of strategies such as zoning for affordable housing, providing financial incentives for developers, and collaborating with nonprofit organizations aligns with best practices in addressing affordable housing challenges.
To further enhance these efforts, it's suggested that the city consider legalizing more apartment and accessory dwelling units, reducing parking requirements, and increasing development and preservation initiatives. Moreover, seeking funding from both state and federal government sources could significantly boost the city's affordable housing development capacity.
In addressing homeownership and housing stock, efforts to encourage the production of additional housing units and align zoning reform, land value taxes, and financial assistance may yield substantial benefits in improving housing affordability.
Expanding the supply of affordable rental housing through tax credit development and ensuring better alignment of these strategies will contribute to building a healthier, more vibrant community where residents can live near their jobs, schools, and families, ultimately helping to reduce poverty and homelessness.
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