Lesson Plan For The Future
Have We Outgrown Our Current Land Use Model?
A Paradigm Shift in Land Use is becoming more visible each day in the area of land use and land use policy, driven in large part by the goals of the new administration, and a LOT of funding from the Federal Government.
The only way we can fix many of the most important issues facing the nation today is by the smartest use of our greatest asset…
“Under all is the land.”
Taking advantage of “Lag.”
There is a period of time, between discovery, and mass awareness, that is the domain of opportunity. It is referred to as Lag. The closer one is to the discovery or use of anything, typically, the greater or more plentiful, the opportunities.
Key Questions for Your Future:
- What is your Value Proposition today?
- What will be your Value Proposition in the real estate industry of the not to distant future?
- How will you take advantage of the new opportunities moving into the future?
Land use policy is undergoing a Paradigm Shift.
- This will have an effect on your career. Maybe not right now, but over your career, and maybe in the next year.
- Expect zoning changes (from “Exclusionary to Inclusionary”) with increasing densities, more mixed use, and walkability (with less driving and parking).
An Underbuilding and Underinvestment Gap
A top official from the U.S. Department of Housing and Urban Development joined policy experts from the National Association of Realtors® on Thursday to discuss solutions for the nation’s historic housing supply shortage. The virtual policy forum went in depth on research commissioned by NAR and authored by the Rosen Consulting Group, which found that the U.S. is in the midst of an “underbuilding gap” of around 6 million housing units dating back to 2001. The report, Housing is Critical Infrastructure, has taken center stage in national conversations on housing policy, particularly after President Joe Biden last week reiterated his administration’s focus on housing as part of its broader infrastructure push.
“The U.S. housing shortage is … the result of more than a decade of severe underbuilding and underinvestment,” NAR President Charlie Oppler said to open Thursday’s event. “Reaching the necessary volume will require a major, long-term national commitment … [and] building all types of new housing must be an integral part of any national infrastructure plan. Like roads and bridges … housing is an essential long-term asset that helps families climb the economic ladder to prosperity, brings folks closer to job opportunities, and generates tax revenue that supports community residents.”
“There are not really any silver bullets,” said McCargo, who joined HUD this year after serving as vice president of the Urban Institute’s Housing Finance Policy Center. McCargo said the administration will take “a serious look at how we accelerate renovation and rehabilitation construction projects.” She highlighted the importance of working on the local level to reform zoning and land use policies and also noted that the rising costs of construction must be addressed. “Getting on track on an … aggressive renovation and rehab process, and also building resiliency and energy efficiency into that for the future, are going to be really key approaches” that the administration is prioritizing.