‘Inclusionary zoning’ is supposed to increase affordable housing, but will it?

"The plan, dubbed “inclusionary zoning,” aims to put more responsibility on the private housing market to fill Minneapolis’ shortage of low-income housing by requiring developers to set aside a portion of units in all future complexes as affordable housing. Supporters say it is among the best tools to diversify neighborhoods over time, giving low-income residents access to amenities such as transit, schools or parks from which households of more affluent areas currently benefit.

"But some developers, like Minn, have said the added cost of mandatory affordable units will keep investors from building in Minneapolis, further exacerbating the city’s housing crunch and eventually depleting the supply of affordable housing altogether."

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MinnPost file photo by Peter Callaghan

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