Taxing the true value of land
The land value tax is getting attention these days, mostly as a way to spur redevelopment. New York City Mayor Bill de Blasio has promised to raise taxes on vacant parcels in outer boroughs. Legacy Cities such as New London and Camden have been similarly interested in the theory that taxing land based on its value would prompt owners to improve the properties to start making a return. Connecticut lawmakers passed legislation allowing municipalities to apply to participate in a pilot program in land value taxation, and earlier this week, the Lincoln Institute held a special workshop in Hartford for elected officials, assessors and other tax officials to gain more understanding of how the tax might work.
Making sure affordable housing stays that way
Inclusionary housing policies -- the increasingly common practice of requiring affordable homes linked to new market-rate residential development -- need constant follow-up and careful record-keeping to ensure lasting affordability, according to new research published by the Lincoln Institute of Land Policy. "Achieving Lasting Affordability through Inclusionary Housing," available for downloading as a working paper, is the largest research study of inclusionary housing programs to date. The research, by Robert Hickey, Lisa Sturtevant, and Emily Thaden, was conducted in partnership with the National Housing Conference’s Center for Housing Policy and the National Community Land Trust Network.
George W. McCarthy joins the Lincoln Institute
George W. "Mac" McCarthy officially began as president and chief executive officer of the Lincoln Institute of Land Policy this week. McCarthy, part of the leadership of Metropolitan Opportunity at the Ford Foundation, succeeds Gregory K. Ingram, who retired last month. In the July issue of Land Lines, McCarthy wrote his first Report from the President, republished here at the At Lincoln House blog.
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