AND POTENTIAL SOLUTIONS
The Lincoln Institute of Land Policy was founded to promote the Land value Return concept of public financing.
“In an era of tight budgets and
exploding need, cities around the world are funding infrastructure and other
public improvements through land value return, also known as land value
capture.
This policy approach offers an array
of public finance tools that enable communities to recover and reinvest land
value increases resulting from public investment and other government actions.
Notably, as new subway lines, roads
and other public works raise the value of nearby land and real estate;
developers and property owners share that publicly generated windfall to help
local governments pay for new bridges, transit, parks, affordable housing and
other infrastructure upgrades,” Lourdes Germán and Allison Ehrich Bernstein
wrote in a policy brief published before deep federal funding cuts became a
reality.
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