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Full-Text Articles in Law
Exacting Inclusion: Property Theory, The Character Of Government Action, And Implicit Takings, Donald J. Smythe
Exacting Inclusion: Property Theory, The Character Of Government Action, And Implicit Takings, Donald J. Smythe
Faculty Scholarship
Recent takings cases challenging inclusionary housing ordinances tap into an ongoing controversy about whether government interventions in the housing market do more harm than good; but they also raise much more general questions about takings law. This Article uses the controversy raised by recent housing cases to probe the relationship between the Supreme Court’s regulatory takings jurisprudence and its exaction takings jurisprudence and to suggest a more coherent approach to implicit takings. The Court’s exaction takings jurisprudence is well-designed if it is applied appropriately. As a general matter, it encourages the mitigation of socially harmful nuisances, incentivizes developers to make …
Inclusive Economics And Home Loan Policies For Informal Workers, Kim Vu-Dinh
Inclusive Economics And Home Loan Policies For Informal Workers, Kim Vu-Dinh
Faculty Scholarship
The United States has been suffering from a housing crisis that existed long before the proliferation of sub-prime loans and the Great Recession of 2008-2009. For decades, millions of gainfully employed workers have been institutionally excluded from homeownership, simply because they work in the informal economy. Because of this, the economic growth of households in this demographic has been stymied by discriminatory banking policies that heavily prioritize short-term profit maximization over borrower reliability, or loan viability. Many of those affected are historically disenfranchised people, who systematically have been excluded from the American dream of “a chicken in every pot and …