HEED - Housing Element for Economic Development™

Your community’s housing and economic development priorities don’t need to be an “odd couple”: they can work together to strengthen local economies. HEED recognizes and implements a “value add” equation based on housing demand and pricing, linking that to the need for neighborhood / community amenities and infrastructure to accommodate the density
New housing can generate new demand for commercial and retail uses, significant new tax revenues, and support local jobs. Office reconfiguration and work at home schedules are keeping “wallets” in local communities — capturing local spend is a key objective.
State statutes are driving density which can increase development and residual land values. HEED captures the value of private investment driven by housing element compliance and new residential development. Recent state laws accelerate the approval process for residential development on commercially-zoned land along bustling commercial corridors (AB2011 and SB6).
HEED is a strategic approach that under certain conditions, converts density into value capture though the utilization of Value Capture Zoning™ (VCZ)™ and Development Opportunity Reserve (D.O.R.)^® (density bank).

VCZ™ policy enables communities to trade the value of density for community amenities and infrastructure to improve the quality of neighborhoods
(D.O.R.)^® is a density bank that assigns new density to the City: not to passive landowners. The City / County can then trade the already approved density to development project applicants and thus, capture the value of its residential zoning (VCZ)™
Both VCZ™ and (D.O.R.)^® can enable accelerated compliance with RHNA

HEED – Housing Element for Economic Development™