Revisiting Zoning Policies for Affordable Housing Solutions
Thursday, 21 March 2024, 17:49
White House's Initiative Against Rising Housing Costs
The White House's Council of Economic Advisers determined that local zoning restrictions significantly contribute to the escalating housing costs affecting low-income and vulnerable families.
Role of Zoning Restrictions
- Housing Supply Shortages: Local rules limit housing density and construction possibilities, leading to supply shortages.
- Impacts on Affordability: Restrictions on multifamily homes, lot sizes, and parking drive up costs and hinder affordability for many.
More relaxed zoning policies could alleviate these issues, resulting in a higher supply of affordable housing options.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.