How do incentives and affordable housing requirements impact the economics of housing development projects? With the Grounded Solutions Network's Inclusionary Housing Calculator 2.0 -- newly launched in February -- policy makers, local stakeholders, and communities can explore the relationship between various local incentives and the development of mixed income housing.
The calculator measures the anticipated costs and revenues for a hypothetical development project and returns an estimate of profitability. It is prepopulated with data for sample projects and can be further customized by users to reflect the unique circumstances or scenarios in their community.
For example, a user can experiment with the value of a reduction in parking standards and if that offsets the cost of including a mix of housing unit types and values. Participants can choose from various types of market conditions (e.g. strong or soft market) and developments (e.g. high-rise condos), or build their own scenarios.
The completely revamped Calculator has improved user interface and the ability to save, share, and print your work. Access the calculator here.