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Vacancy Taxes: The Next Frontier In Housing Policy?

Weeds take over a row of vacant homes in Gilbert, Arizona. (Matt York/AP)
Weeds take over a row of vacant homes in Gilbert, Arizona. (Matt York/AP)

In 2019, approximately 12% of the nation’s housing stock was vacant. Many — including the Oakland group Moms 4 Housing — have underscored the need to address the way vacancies fuel housing speculation.

Vacancy taxes are a new tool cities are implementing to ensure all available housing is used. But do they work?

Here & Now‘s Tonya Mosley talks with Michael Lens, UCLA associate professor of urban planning and public policy.

This article was originally published on WBUR.org.

Copyright 2021 NPR. To see more, visit https://www.npr.org.

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