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Velasquez

Bobby Wang

Velasquez

Bobby Wang

Organization

Rappaport Institute for Greater Boston

Program

Rappaport Public Finance Fellow

Year

2021

This Rappaport Public Finance Summer Fellowship provides a stipend to students who undertake a project related to public finance. Traditionally these projects have been a continuation of work conducted in Greater Boston Applied Field Lab: Advanced Budgeting, Financial Management and Operations lab offered by Professor Linda Bilmes.

Graduate School
Harvard Graduate School of Design

Mentor
Ben Forman, Director of Research, MassINC and Victoria Orozco, Research Officer, The Lindy Institute for Urban Innovation

Agency
City of Revere and the MAPC

Supervisor
Tech Leng, Director of Planning and Community Development

Description of Fellowship
Bobby worked with the City of Revere and the MAPC on how inclusionary zoning can be structured to advance the City’s affordable housing goals.

Bobby started his summer with a survey of current housing conditions, culminating in a database of all multifamily housing development to occur in the last decade. This data was first synthesized to highlight inequities and opportunities under conditions, then used to model how different policy parameters could increase affordable housing production, affect development incentives, and how this all varies between geographies and submarkets. Finally, he made policy recommendations to the city and regional staff that advocated for a balance between maximizing affordable housing production and maintaining administrative simplicity.