2021 Land Value Capture in the United States: Beyond the Fundamentals

Communities across the United States face a crisis of underinvestment in basic infrastructure, affordable housing, and climate-resilience. Land-based financing approaches, such as land value capture, can enable communities to harness land value increases that result from public investments and other government actions and reinvest them in public goods and services.

Overview

Developed jointly by the Lincoln Institute of Land Policy and the National Center for Smart Growth at the University of Maryland (College Park), this course will provide in-depth knowledge on the legal foundations, policy frameworks, outcomes, and untapped potential of land value capture in the United States.

The course will include modules on the relevance of land value capture for current urban planning challenges, the fundamentals of land markets, the range of instruments used domestically and abroad, the nexus between land value capture, affordable housing, and transportation planning, as well as the legal considerations for land value capture use in the United States.

Course Format

Live online sessions will take place May 12–14 and May 17–19, 2021.

All sessions are 11:00 am–1:00 pm EST (Sessions open 30 minutes before the formal start time).

Course Objectives

• Identify and understand economic and planning elements that support land value capture.
• Comprehend technical and contextual aspects of land value capture instruments used in the United States, as well as novel international approaches from places like São Paulo, Brazil.
• Understand the legal landscape underpinning the application of land value capture in the United States.
• Evaluate how potential funds from land value capture can support a community’s goals, using the example of the development of a large-scale public transportation project: The Purple Line light rail corridor, connecting Maryland’s Prince George’s and Montgomery counties in the Washington, D.C. metro area.  

Audience

This course is designed for an audience of U.S. planners and public officials, as well as practitioners in the community and economic development professions.

For more information, please contact Luis Quintanilla Tamez or Enrique Silva.