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Property managers often struggle to get technically sound energy efficiency and renewable energy projects approved for financial reasons. Sometimes the split incentive embedded in leases makes projects uneconomic for the building owner. Other times, property managers simply cannot get internal capital allocated to clean energy efficiency projects or cannot gain approval for the use of external financing. For commercial real estate property owners, Property Assessed Clean Energy (PACE) financing can remove the typical barriers to the implementation of energy efficiency improvements.
Demand for housing in urban areas is growing in the United States. Cities are increasingly safe, making them attractive places to live. Property values are rising in dense, walkable areas with access to public transportation. These trends combine to make possible an innovative funding practice called value capture: when some of the ascending property values can be directed toward public transit improvements. Land is more valuable when located near high?quality public transit infrastructure. Recent APTA research shows that, during the Great Recession, properties near public transit were more financially stable than properties located further away. Areas near public transit outperformed their regions as a whole by 41.6 percent. Research by public transit agencies and planning departments confirms that proximity to public transportation can increase property values. Around public transit infrastructure there is an opportunity for more value capture, and those revenues from public transportation?accessible locations will be more stable than general property tax revenues. Value capture instruments allow jurisdictions to collect revenue in specific areas and direct that revenue towards specific improvements. Value capture is being used for a wide spectrum of projects, from targeted neighborhood street improvements to new public transit infrastructure.
Community leaders care most about an issue when their own constituents are involved. Having local property owners voice an interest in PACE is a great way to get the attention of a government board. Form partnerships with stakeholders in the community through chambers of commerce or homeowner associations. Make things easy for constituents by providing template letters of support and contact information for elected officials.
This scorecard was created by Twin Cities, MN community leaders to ensure that the principles and practices of equitable development, environmental justice, and affordability are applied in all communities as they plan for economic development and wealth creation that benefits everyone.
The principles and practices of equitable development, environmental justice, and affordability are guides for all communities: suburban cities, rural communities and urban neighborhoods as they plan and implement economic development that benefits everyone. This equitable development tool will help guide development projects to 1) become economically vibrant with creative new affordable housing options that complement transit development 2) embrace the important concepts of local placemaking, livability, accessibility, walkability 3) increase the number of local stakeholders planning development projects. Working in partnership; government and low income, communities of color, people living with disabilities and seniors can ensure equitable development in our region.
As vehicles become more fuel-efficient and overall levels of travel stagnate in response to increases in fuel prices, conventional sources of revenue for transportation finance such as taxes on motor fuels have been put under increasing pressure. One potential alternative as a source of revenue is a set of policies collectively referred to as value capture policies. In contrast to fuel taxes and other instruments that impose charges on users of transportation networks, value capture policies seek to generate revenue by extracting a portion of the gains in the value of land that result from improvements to transportation networks. In this report we identify a set of eight policies that contain elements of the value capture approach. These policies include land value taxes, tax increment financing, special assessments, transportation utility fees, development impact fees, negotiated exactions, joint development, and air rights. We evaluate each of the policies according to four criteria: 1) efficiency, which relates to how well the policies allocate scarce resources, 2) equity, which describes the fairness of resource allocation among different strata of society, 3) sustainability, which refers to the ability of the policy to serve as an adequate, reliable source of transportation revenue, and 4) feasibility, which refers to the degree of political and administrative difficulty associated with each policy. Since these policies are targeted toward use at the state and local level in Minnesota, we conclude by examining some legal and administrative issues related to the implementation of each policy with special reference to Minnesota.
This report is based on dozens of interviews with practitioners, academics, and community members, as well as a review of various reports, studies, and surveys. It shares the resulting findings through key research insights, a review of best practices, and relevant examples. It seeks to broaden awareness, discourse, and adoption of community control of land and housing strategies among various stakeholders who have a genuine desire to see stable, healthy, equitable, and sustainable local communities flourish. These stakeholders include community activists, municipal officials, economic development professionals, community development practitioners, anchor institution leaders, and social investors.
Discusses city authority to levy special assessments for local improvements like streets, waterworks, sanitary sewer and more. It defines special assessments, gives a synopsis of the procedure, discusses challenges by property owners, levying and collecting assessments, borrowing, making corrections, and applicability to tax exempt and railroad properties.
Currently across the country, regardless of region, racial inequities exist across every indicator for success - including health, criminal justice, education, jobs, housing, and beyond. We know these inequities are incongruent with our aspirations. The Government Alliance on Race and Equity (GARE), a joint project of the Haas Institute for a Fair and Inclusive Society at the University of California, Berkeley and Center for Social Inclusion, recognizes that we can and must do better. We know that government has a key role in advancing racial equity, and therefore are modeling at the local level how it is truly possible for government to advance racial equity and to develop into an inclusive and effective democracy.
The first quarter of the 21st century may well be remembered as the period in which U.S. cities regained their footing, showed their resilience, and became drivers of economic innovation. All-In Cities, a new initiative launched with this report, offers tools and strategies to accelerate this process and ensure city success is sustained by deliberately baking in pathways for all to contribute and prosper, a crucial ingredient for "comeback cities." All-In Cities marks a continued effort to shift the narrative on racial inequality in America. We believe that dismantling persistent racial barriers and investing in the people of color who are the emerging majority is both the right thing to do and critical to securing America's economic future. Cities are ground zero for demonstrating this interconnectedness. Success in cities and the nation depends on the ability of people of color to be the leaders, innovators, workers, entrepreneurs, and creative problem solvers who can produce widespread prosperity for generations. This report, along with the All-In Cities initiative, focuses on the particular role of cities in moving toward an all-in nation. Large and small, urban and suburban, cities are where most people of color live and where the next economy is taking shape. They are where movements countering inequality and police brutality are capturing the public's imagination and propelling forward new policy solutions. And cities are where working-class communities of color are most able to be equal partners in creating innovative solutions.