New research at the Urban Institute measures how housing supply changed following upzonings in the two cities. In New York, the upzoning of several different neighborhoods—including Gowanus, East New York, and more—resulted in 4,000 additional hou...
New research at the Urban Institute measures how housing supply changed following upzonings in the two cities. In New York, the upzoning of several different neighborhoods—including Gowanus, East New York, and more—resulted in 4,000 additional housing units within just a few years, compared to similar areas that were not upzoned. But results depend on local context: Areas with a stronger housing market, meaning higher & growing housing values, attracted more development. The results show that big upzonings have the potential to substantially increase housing supply, and quickly. What other cities should be making similar changes? And what more can New York and Philadelphia do? submitted by /u/Ok-Act-5890 [link] [comments]
