MReport July 2019

TheMReport — News and strategies for the evolving mortgage marketplace.

Issue link:

Contents of this Issue


Page 58 of 67

TH E M R EP O RT | 57 O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T THE LATEST GOVERNMENT Constructive Relationships Here's why it is imperative for cities and states to work together on affordable housing. I n order to improve the state of affordable housing, constructive relationships between cities and states are necessary, according to Chris- tiana K. McFarland, Research Director of the National League of Cities in a piece published on "Given the great resources needed to make a dent in the problem, the cross-jurisdictional nature of housing markets, and the sometimes-fierce local opposition to increased density, state support of housing affordability is vital," McFarland said. "However, the need to mitigate neighborhood impacts such as residential displacement, to engage communities in meaningful compromises, and to nurture cul- tural shifts toward acceptance of all housing types (and people) means that city leadership is also critical." Making a case for more cohe- siveness McFarland cited Seattle's Mandatory Housing Affordability (MHA) ordinance. MHA offers zoning changes that increase capacity to build in designated growth areas, while under state law, cities can mandate affordable housing only if developers are granted something of equal value in return, such as a tax incentive or zoning changes to allow taller or larger structures. "This is a significant step that will have lasting impact, but it is not enough," said Seattle City Council Member Teresa Mosqueda of MHA. "We will continue to acknowledge and dismantle the legacy of racist redlining and historical exclusion- ary land use and zoning policies." Utah's rapid population and economic growth prompted cities to work with the legislature and the state Commission on Housing Affordability to develop Affordable Housing Modifications legislation. The new law seeks to increase housing options for all incomes in high-growth areas while also promoting regional integration of housing and transportation. "Cities do not control the cost inputs of housing such as land, labor, materials, and tariffs, or the profit that a developer can make from building one type of hous- ing over another," said Cameron Diehl, Executive Director of the Utah League of Cities and Towns. "The new legislation leverages the most powerful housing-affordabil- ity key that cities do hold—plan- ning—while not punishing them for what they do not control." "We will continue to acknowledge and dismantle the legacy of racist redlining and historical exclusionary land use and zoning policies." —Teresa Mosqueda, Seattle City Council Member

Articles in this issue

Links on this page

Archives of this issue

view archives of TheMReport - MReport July 2019