Philly Mayor Street Eyes Inclusionary Zoning

A bad idea continues to spread:

The idea of asking developers to include affordable housing as a component of their broader development plans is not “a foreign concept for Philadelphia,” Mayor Street says. As a bevy of nonprofit groups today prepares a campaign for what they call “inclusionary housing,” Street says he’s open to the idea of codifying what has been an inconsistent approach. “I think we are in a little better position to consider a project like this today than in the past,” Street said. “We now have huge market-rate housing going up and a lot of construction and development all over the place, and it gives us an opportunity to say, ‘Hey, how about putting something in the till for affordable housing?’ “

Check out Reason’s studies on inclusionary zoning (here and here) to discover the severe, unintended consequences that have stemmed from several California cities’ forays into this misguided affordable housing policy.

Leonard Gilroy is vice president of government reform at Reason Foundation and senior managing director of Reason's Pension Integrity Project.