Inclusionary housing policies are proliferating throughout the country amid a worsening housing affordability crisis — but how effective are they?
It depends, according to Moody's analysts David Caputo and Matt Reidy.
"The data is mixed on both voluntary and mandatory inclusionary policy impacts. Affordable housing supply grew significantly in some localities, but not others," the pair write in a new analysis. "Incentives offered and local market conditions seemingly dictate the success of such measures, rather than whether the policies are mandatory or voluntary."
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