Changing zoning rules to allow taller and denser buildings may cause land values to go up, and public officials may try to “capture” this added value by requiring affordable units in new developments. But what happens when costs and benefits are out of balance? Seattle offers a cautionary tale.

Show notes:

• Krimmel, J., & Wang, B. (2023). Upzoning With Strings Attached: Evidence From Seattle’s Affordable Housing Mandate. Cityscape, 25(2), 257-278.
• City of Seattle webpage for the Mandatory Housing Affordability program.
• Lebret, D., Liu, C., & Valentin, M. (2024). Carrot and Stick Zoning. UEA 13th European Meeting.
• Manville, M., & Osman, T. (2017). Motivations for Growth Revolts: Discretion and pretext as sources of development conflict. City & Community, 16(1), 66-85.
• Phillips, S. (2022). Building Up the" Zoning Buffer": Using Broad Upzones to Increase Housing Capacity Without Increasing Land Values. UCLA Lewis Center for Regional Policy Studies.