Study Looks at Effects of Government Regulations on Housing Affordability
Charlotte, N.C., - June 7, 2013 – The effect of new regulations on the affordability of housing in Charlotte is the focus of a study released today by Johnson C. Smith University. The study, commissioned by the Piedmont Public Policy Institute, is titled “The Economic Consequences of Land-Use Regulations on Jobs, Families, Communities and Housing Affordability in Mecklenburg County.
“The availability of housing that is within reach of all citizens is a critical indicator of the economic health of any metropolitan region,” said Collin Brown, chair of the Piedmont Public Policy Institute. Housing affordability has been and will continue to be a topic of interest for all who want to assist Charlotte in becoming a world class city.”
The study notes that housing costs are impacted by a variety of factors, including the supply of buildable land, the price of labor and materials, the cost of capital, as well as government regulations. The study specifically looks at the effects of government regulations on housing affordability and includes several metrics that can be used to review the effects of such regulations.
The research for the study was conducted by Johnson C. Smith University faculty members Dr. Nick Desai and Dr Linette Fox along with Sherrill Hampton, J.D., former special assistant to the president and director for the Center of Applied Leadership & Community Development and Dr. G. Donald Jud of Jud & Associates.
“This study is intended to help drive future discussions as the Charlotte community works together to tackle the challenge of providing housing for all citizens,” said Ronald L. Carter, president of Johnson C. Smith University.
Founded in 1867, Johnson C. Smith University is an independent, close-knit urban university located in Charlotte, N.C. It has a growing national reputation for integrating the liberal arts with business, the sciences and technology in ways that empower tomorrow’s diverse entrepreneurial citizens and leaders. Offering 23 fields of study to more than 1,600 students from a variety of ethnic, socioeconomic and geographic backgrounds, the university’s excellent academic programs focus on servant leadership, civic engagement and global responsibility. For more information about JCSU, visit www.jcsu.edu or follow the university on social media sites Facebook (www.facebook/smithites) and Twitter (@JCSUniversity).
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