The answer lies less in investors’ behaviors and more in the rules governing what can be built in the first place. In many of the country’s most in-demand cities, local zoning laws often partially ban the construction of multi-family housing or severely limit building height, artificially constraining the supply of available units.
Read More“Increasing affordable housing takes funding and extensive organization; however, its attention in the plan marks a vital first step. One of the most important ways the plan will achieve affordable housing is by providing financial incentives like an increase in density bonus for rental units that provide housing to residents whose average income is below 80% of the Average Median Income, AMI, of the community.“
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