Daniel Hemel in Washington Post: Bill Could Encourage Affordable Housing in Wealthier Neighborhoods

A Surprising Way to Increase Property Values: Build Affordable Housing
Tracy Jan
Washington Post
July 6, 2017

...

Congress is trying to address the issue of wealthier neighborhoods rejecting the construction of affordable housing with bipartisan legislation that would prohibit states from considering local opposition as a factor in funding developments.  

The bill, sponsored by Senator Maria Cantwell (D-Wash.) and Senate Finance Committee Chairman Orrin G. Hatch (R-Utah), would no longer require state agencies to notify local officials when siting a proposed housing development. The goal is to prevent “Not In My Backyard” opposition from interfering with housing credit allocation.

That could encourage more affordable housing in higher-income, whiter communities, says Daniel Hemel, who teaches tax law at the University of Chicago and wrote a blog post this week highlighting the role affordable-housing tax credits play in integrating neighborhoods.  

Faculty: 
Daniel Hemel