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TACIR draft report urges zoning incentives, land banks and targeted use of recording taxes to boost housing supply
Summary
A TACIR draft report called undersupply the major driver of housing unaffordability and recommended permitting land banks statewide, offering incentives (a share of realty transfer/mortgage tax revenues) for local zoning reforms, and exploring funding for THDA construction loans.
Dr. Michael Strickland presented a draft TACIR report on housing affordability prepared in response to House Joint Resolution 139 (Representative Sparks). Staff said the final report will be presented at the commission’s next meeting and requested member review and comment.
Key finding: undersupply. The report found that while regulatory costs and impact fees contribute to housing prices, no single regulatory factor explains more than a few percentage points of house prices nationally. The strongest common factor across stakeholder interviews and studies is undersupply—the number of homes is not keeping pace with demand.
Recommendations. The draft contains six recommendations, including authorizing all local governments to create land banks,…
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