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- Info
Impacts of Florida's Growth Management Act on housing prices and affordability:Questions for statewide smart growth policies
| Author: |
Anthony, Jerry |
| Date: |
2000 |
| Periodical: |
In: Fair Growth: Connecting Sprawl, Smart Growth, and Social Equity; 2000 November 1; Atlanta, GA. Washington, DC: Fannie Mae Foundation |
| Abstract: |
This paper presents research on the impacts of Florida's Growth Management Act on housing prices and housing affordability. The act, adopted in 1985, sought to preserve the state's environmental resources and reduce urban sprawl. It included measures to encourage compact urban development and availability of affordable housing. This research examines housing price and affordability trends from two counties and finds that the act did raise housing prices and reduce housing affordability in them.. By reducing housing affordability, the act reduces homeownership opportunities for renters and reduces residential location choice. Those effects, in turn, reduce asset building and employment opportunities for low-income populations. The findings of this research and the implications these findings have for public policy can inform and help increase the potential benefits from smart growth policies. |
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