4.1 Local Housing Strategy
What Is a Local Housing Strategy, and Why Is It Important?
Localities have a critical role to play in addressing their housing challenges, in partnership with the federal and state government, mission-driven developers, and the private sector. Among other key advantages, localities are on the front lines, know their localities best, control zoning policy, and can tailor federal, state, and local programs to meet residents’ needs.
Watch this video on the importance of a housing strategy.
Open the book to the right, and then click on the next page arrow at the bottom of the screen to review the key elements of a local housing strategy.
A local housing strategy provides a valuable framework for developing a comprehensive and balanced approach necessary to effectively address local housing challenges.
Effective strategies require coordination among the many local agencies that influence the price, supply, and stability of housing.
The process of developing a local housing strategy builds political support for policy change by investigating community needs and aligning stakeholders behind a shared, comprehensive vision to meet them.
By setting and reporting on numerical goals, localities can hold themselves accountable for results.
A local housing strategy can identify key policies that need to be adopted or enhanced.
The Needs Assessment and strategy development process offer touchpoints for engaging local stakeholders.