Obama hopes to change America through upzoning

Administration calls on local governments to increase development

TRD MIAMI /
Sep.September 26, 2016 05:15 PM

From the New York website: It’s not every day that real estate developers find themselves in agreement with the Obama administration. On Monday, the White House released a “toolkit” of economic facts and talking points encouraging local and county governments to overhaul their zoning laws and housing policies. The takeaway? The president wants more development — and higher densities — to combat a nationwide housing shortage that’s dragging down the economy.

The report calls out local resistance to development and suggests ways for city and county governments to combat community opposition and NIMBYism.

“Over the past three decades, local barriers to housing development have intensified,” the report notes, particularly in areas of high job growth like New York City, San Francisco and Los Angeles. “The intensity and impact of such barriers are most evident in the vibrant job-generating regions where fervent demand far outstrips supply.”

The inability for workers to find housing in areas where the jobs are is exacerbating income inequality and stifling economic growth, the report says. According to one estimate, barriers to development in major cities cost the U.S. economy about $1.95 trillion a year, Politico reports.

The “toolkit” prescribes more density, faster permitting, and fewer restrictions for developers in regards to parking and accessory dwelling.

The federal government has no jurisdiction over county or municipal zoning laws.

In June, the city pushed for changes to a state law that currently limits the size the city’s residential buildings. The proposed laws would allow more residential development in high-density commercial areas, but opponents worry it would invite more supertall towers and lead to even more congestion.  [Politico]Chava Gourarie


Related Articles

arrow_forward_ios

Cuban embargo unlikely to end on Obama’s watch

Placeholder image

Sweeping changes to housing likely on backburner following election

Placeholder image

Obama extends taxpayer bailouts to housing speculators

Obama seeks $232M for Everglades restoration

Placeholder image

Ivanka Trump says Obama let her down

Placeholder image

The impacts of key federal housing proposals

Placeholder image

Obama details his plan for easier mortgage refinancing over Republican opposition

Obama pushes for easier mortgage refinancing in State of the Union address

arrow_forward_ios