Land Value Capture and Equitable Development
Land value capture (LVC) can be an important fiscal tool to address inequities in urban development, and it is gaining traction in cities around the world. As a policy approach rooted in the notion that public action should generate public benefit, LVC enables communities to recover and reinvest land value increases that result from public investment and other government actions, such as rezoning.
While it is fundamentally a fiscal tool, city officials, practitioners and scholars hold hopes that LVC can also be used to make cities more equitable. What examples are those hopes based on and what cases can we examine to understand that promise?
Join WRI and the Lincoln Institute of Land Policy for an engaging conversation with urban experts from around the world to discuss whether and how land value capture can be implemented effectively and in service to urban equity objectives, especially in developing cities. The webinar will feature a panel of experts discussing lessons learned from their own research and practice on land value capture, and will include a presentation of findings from the recently released working paper Urban Land Value Capture in São Paulo, Addis Ababa, and Hyderabad: Differing Interpretations, Equity Impacts, and Enabling Conditions. The paper analyzes the fiscal and equity impacts of urban land value capture instruments based on three case studies from the global south.