Public Policy Design Case Study

BACKGROUND

A public agency wanted to implement new public policies that could help preserve existing housing without becoming a barrier to new development.   They were considering several potential tools, including in-lieu fees, development incentives and a rent control ordinance.

SPECIFIC CHALLENGES

Various policies under consideration had differing impacts on the feasibility of new developments.  Moreover, the agency sought to balance the competing interests of business, housing advocacy groups, residents and potential developers while considering the economic consequence of the different policies.

STRATEGY & SOLUTION

Veloce Partners reviewed the various provisions and prepared an assessment of the potential financial impacts that could occur by adopting each policy.  Veloce Partners also recommended revised policies that would offer greater flexibility while maintaining cost-effective compliance.  Through successful collaboration with Veloce Partners, the agency has completed and is now implementing these more effective policies.