{"version":"1.0","provider_name":"UNI FR","provider_url":"https:\/\/www.uni.lu\/fr","author_name":"UNI FR","author_url":"https:\/\/www.uni.lu\/fr","title":"Affordable Housing and City Welfare","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"tklzEloEbB\"><a href=\"https:\/\/www.uni.lu\/fr\/events\/affordable-housing-and-city-welfare\/\">Affordable Housing and City Welfare<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/www.uni.lu\/fr\/events\/affordable-housing-and-city-welfare\/embed\/#?secret=tklzEloEbB\" width=\"600\" height=\"338\" title=\"\u00ab\u00a0Affordable Housing and City Welfare\u00a0\u00bb &#8212; UNI FR\" data-secret=\"tklzEloEbB\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(c,d){\"use strict\";var e=!1,o=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},c.wp.receiveEmbedMessage);else if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(!t);else if(!(t.secret||t.message||t.value));else if(\/[^a-zA-Z0-9]\/.test(t.secret));else{for(var r,s,a,i=d.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),n=d.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),o=new RegExp(\"^https?:$\",\"i\"),l=0;l<n.length;l++)n[l].style.display=\"none\";for(l=0;l<i.length;l++)if(r=i[l],e.source!==r.contentWindow);else{if(r.removeAttribute(\"style\"),\"height\"===t.message){if(1e3<(s=parseInt(t.value,10)))s=1e3;else if(~~s<200)s=200;r.height=s}if(\"link\"===t.message)if(s=d.createElement(\"a\"),a=d.createElement(\"a\"),s.href=r.getAttribute(\"src\"),a.href=t.value,!o.test(a.protocol));else if(a.host===s.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener(\"message\",c.wp.receiveEmbedMessage,!1),d.addEventListener(\"DOMContentLoaded\",t,!1),c.addEventListener(\"load\",t,!1);function t(){if(o);else{o=!0;for(var e,t,r,s=-1!==navigator.appVersion.indexOf(\"MSIE 10\"),a=!!navigator.userAgent.match(\/Trident.*rv:11\\.\/),i=d.querySelectorAll(\"iframe.wp-embedded-content\"),n=0;n<i.length;n++){if(!(r=(t=i[n]).getAttribute(\"data-secret\")))r=Math.random().toString(36).substr(2,10),t.src+=\"#?secret=\"+r,t.setAttribute(\"data-secret\",r);if(s||a)(e=t.cloneNode(!0)).removeAttribute(\"security\"),t.parentNode.replaceChild(e,t);t.contentWindow.postMessage({message:\"ready\",secret:r},\"*\")}}}}(window,document);\n<\/script>\n","thumbnail_url":"https:\/\/www.uni.lu\/wp-content\/uploads\/sites\/11\/2026\/03\/03120045\/UNIV_SM-Profile_1600x1600px-scaled.jpg","thumbnail_width":2560,"thumbnail_height":2560,"description":"Housing affordability has become the main policy challenge for most large citiesin the world. Key policy levers are zoning, rent control, housing vouchers, and taxcredits. We build a new dynamic stochastic spatial equilibrium model to evaluate theeffect of these policies on house prices, rents, residential construction, labor supply,output, income and wealth inequality, as well as the location decision of householdswithin the city. The analysis incorporates risk, wealth effects, and dynamic spatialequilibrium. We calibrate the model to the New York MSA, incorporating currentzoning and rent control policies. Our model suggests sizable welfare gains from relaxingzoning regulations in the city center, as well as from expanding rent controland housing voucher programs. Housing affordability policies have a hitherto underappreciatedinsurance value which needs to be traded off against potential efficiencylosses. The calibrated model implies gains in social welfare from reducing housinginequality."}