Talking About Gentrification And Housing Unaffordability

Schedule

Mon Aug 29 2022 at 06:00 pm to 07:30 pm

Location

The rex | Pensacola, FL

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A "Yes, And" Approach to Addressing Housing Unaffordability and Gentrification
About this Event


Shane Phillips is the author of The Affordable City and will talk about gentrification and other buzz words connected to the affordable housing discussion.

He serves as the housing initiative project manager for the Lewis Center for Regional Policy Studies at UCLA and speaks around the country on the topic of workplace housing.

His book has a 3-part solution to more affordable rents and home prices: Supply, Stability and Subsidy.

Supply: We must build a lot more housing in every community that is experiencing higher housing prices and rent increases. That often raise questions about gentrification. He says the evidence is that investing in poor neighborhoods makes sense as does building more market-rate housing elsewhere in communities. He says the evidence shows that low-income neighborhoods are worse in the future if private investment isn't made in those neighborhoods.


And he says the numbers show that building more high-end housing in high-income areas has a benefit on down the ladder as people move up to buy those homes and then someone buys their less expensive home, and then the next level buys those people’s homes, and so on.

He said communities have to be realistic on their demands for affordable housing requirements on developers. He gives examples of some cities creating such high percentages of required affordable housing for new developments that little new housing is getting built – which ultimately leads to higher prices for buyers and renters. He says some affordable housing requirement is needed but it must be realistic enough that projects get planned and built with developers getting a reasonable return on investment.

All of that is part of the Supply solution.

Stability is making sure measures are taken to protect renters not only in those areas but throughout a community. He feels strongly that balancing the power between tenants and landlords through changes in state and local laws are an essential piece of achieving more affordable housing. He believes too much power and control is in the hands of landlords and that there are ways to balance that power.

And he has recommendations on the current subsidies that many communities do not leverage enough.

He was a biochemistry major at the University of Washington and received his master’s degree in urban planning public administration from University of Southern California. He has been a consultant on transportation, development and sustainability projects.

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Where is it happening?

The rex, 18 North Palafox Street, Pensacola, United States

Event Location & Nearby Stays:

Tickets

USD 0.00

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