This article describes the emerging housing policy framework in China, which includes three major affordable housing programs and a heavily regulated housing finance sector. The three programs are the Economical and Comfortable Housing (ECH) program, the Housing Provident Fund (HPF) program, and the Cheap Rental Housing (CRH) program. For each program, the authors examine how it works and whether it has been effective in achieving its policy objectives. They also describe the characteristics of China’s newly developed mortgage market and present some examples of the recent government efforts to regulate mortgage lending and to address concerns about potential real estate bubbles.

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Both mobility and proximity influence transportation accessibility, but they exist in tension with each other. To understand the region-level trade-off between mobility and proximity requires intermetropolitan comparisons of accessibility. With a focus on the two metropolitan cases of San Francisco and Washington, D.C., we first describe a method for comparing regional accessibility and then explain a method that separates out the effects of mobility and proximity on regional accessibility. We find that the San Francisco region enjoys an accessibility advantage over Washington largely because of faster highway speeds but that central Washington offers an advantage in proximity.

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