From a comprehensive funding standpoint, local governments might be the least able and least appropriate to address housing affordability directly. Local government can, however, streamline local regulations and develop comprehensive plans with a strong housing element and local housing trusts that plan for the necessary number of future housing units.
- NAHB analysis of the Montgomery County, Md., Housing Initiative Fund
- Link to the KnowledgePlex Local Government Affordable Housing resources.
- Champlain Housing Trust, Burlington, Vt.
- Housing Trust Fund of Santa Clara County, San Jose, Calif.
- “Homes for Working Families: A Handbook of High Impact State and Local Solutions.” The Center for Housing Policy produced this handbook on six broad strategies which can be undertaken by state and local governments to increase access to affordable housing for working families.
- Shared Equity Programs Such as the Burlington, Vt.’s Burlington Associates in Community Development, LLC. Under the Shared Equity Approach, a state or local government provides the funding necessary to help a family purchase a home, and in return for this investment the government entity (be it state, county, or local jurisdiction) shares in the benefits of any price appreciation if the home is sold.