The best way to provide affordable homes is to control high housing prices

The best way to control high prices is to provide an adequate supply of homes

Why do homes prices climb so high?

Government studies show that growth control ordinances may cause a shortage of housing and high home prices

Sub-prime lending pushed thousands of new buyers into the market and this caused very high home prices as too many buyers chased too few homes

At the peak of high housing prices fewer than 1 in 7 families could afford a home, and home equity was nearing zero; the housing crash became inevitable

Why today’s inclusionary ordinances don’t provide enough affordable homes?

Under a 30% inclusionary ordinance a new 1,000 unit housing tract may provide only 30 affordable homes per year

A successful idea is a to allow a mix of detached, townhome and condominium homes in each new development

High density homes are far more affordable than low density homes and take far less land to build

Isn’t it better to have an affordable housing policy regulate a large supply of attached homes rather than a small handful of detached homes?