X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The most recent Affordability Housing Policy Brief paper from UCLA Ziman Center for Real Estate explores the government’s recent approach to solving the housing crisis. Transit-oriented development, density and land-use controls have been the government’s focus to solving the problem—but are they working? We sat down with Julia E. Stein, senior counsel at Cox, Castle & Nicholson LLP, who co-authored the report with David P. Waite, a partner at Cox, Castle & Nicholson LLP, to talk about the strategy for solving the housing crisis and the approach they believe that the government should take.

GlobeSt.com: Do you think that current transit oriented development program is the best approach to solve the housing crisis?

Stein: It’s only one approach. Addressing the housing crisis must necessarily include reducing regulatory barriers to develop all types of housing, including both market rate and affordable housing.   Incenting development near transit is one of several pathways being explored to address California’s housing crisis; it has the potential benefit of killing two birds with one stone by working to reduce vehicle miles traveled (and, ostensibly, greenhouse gas emissions from vehicle exhaust) by siting denser development closer to major transit stops.  Theoretically, this approach would place the densest development in neighborhoods with strong transit networks, adding both market rate and affordable housing while at the same time providing new residents with readily-accessible and lower emission transportation options.  In practice, however, limitations on TOD programs and questions about the propriety of including certain types of transit within their ambit may impact their effectiveness.  Ultimately, TOD is just one of several potential approaches needed to address the need for more housing.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.