Tulsa Housing Authority’s Post

Will rent decrease? Why are developers building so many apartments? Will interest rates ever go down? Readers had these questions and more about Utah’s housing markets, which are the least affordable they’ve ever been as demand and interest rates remain high. Here are some answers from Dejan Eskic, a senior research fellow and scholar at The Kem C. Gardner Policy Institute specializing in housing. The Salt Lake Tribune will work to address other questions from readers through long-term stories because of their potential impact. Housing supply and affordability also are expected to loom large in the upcoming legislative session. #housingmarket #housing #rentalproperty #housingaffordability #homelessness #interestrates By Megan Banta

🏡 Struggling with skyrocketing housing costs? In our latest op-ed, Parker Jabas and I write about how easing zoning regulations can be a key to unlocking affordable homes. 🗝️ #HousingCrisis #ZoningReform https://lnkd.in/gyNXVvBb

This past week has seen a tremendous step forward for missing middle housing in Montgomery County Maryland! The Montgomery County Planning Board voted "5-0 to recommend allowing more types of homes to be built countywide". The recommendations are drawn from Montgomery County Planning Department's Attainable Housing Strategies Initiative and, if they are approved and adopted by Montgomery County Council, duplexes, triplexes, townhomes, and small apartment buildings will be allowed in many of the neighborhoods currently restricted to single-family development. “The time has come for Montgomery County to break free from outdated zoning that has constrained the housing supply, led to skyrocketing real estate prices, and has forced more of the county’s middle-income population to search elsewhere for housing” - Planning Board Chair Artie Harris To stay informed or share your support for this inspirational shift in zoning and housing policy: - Join the Attainable Housing Strategies Initiative mailing list: https://lnkd.in/eieddK9R - Read the Planning Board’s Attainable Housing Strategies Final Report: https://lnkd.in/eM-Smz44 - Submit a comment in favor of the recommendations to the Montgomery County Council: https://lnkd.in/eW2fS7kG - Read the Planning Commission's press release on the decision: https://lnkd.in/edx8W3DY With this approval from the planning board, Montgomery County is one step closer to creating residential zoning that will help us all tackle the ever-increasing housing shortage we face. If the council and the community rally around this initiative, we can create a county where everyone can afford to not just live but thrive. If you want to learn more about how to foster community through multi-family housing development and what can be achieved when developing up-zoned single-family properties, read my recent post on the Crow Woods cohousing strategy: https://lnkd.in/dEnTkUMC

Did you know that 95.8% of California’s residential land is zoned for single-family homes only? ℹ️ Single-family zoning is a regulation that allows only one house to be built on each piece of land. This means only designed for one family can be constructed in these areas. It prevents building apartments, duplexes, or any other type of housing that could accommodate more than one family on the same lot. This policy aims to create neighborhoods with larger homes and more space, but can also limit the number of housing units available. Essentially, what single-family zoning does in California is allow for a very limited housing supply in a state with huge demand. And what comes with limited supply and high demand? Outrageous housing prices 💰💰💰 (Funnily enough, research 🔎 has repeatedly shown that people simply don’t understand — or believe — that supply and demand apply to housing. Developers, however, understand this perfectly.) Zoning policies raise housing costs in two ways: 1️⃣ They reduce the amount of housing constructed. 2️⃣ They make existing housing more expensive due to extensive regulatory and review processes. In cities facing housing crises like New York and Seattle, zoning can add hundreds of thousands of dollars to the cost of a single home. San Francisco experiences the highest impact, with zoning adding over $400,000 to the price of a standardized quarter-acre plot within 15 miles of the city center—more than three times the median household income and over six times the median individual income. This reduction doesn’t elevate those struggling at the bottom; instead, they must compete for the now scarcer and more expensive housing units. Losing this competition can lead to homelessness 🏚️ If you want to read more about zoning and the housing crisis, you will love our recent article “How We Got Here: The Origins of the Housing Crisis in the San Francisco Bay Area”. Continue reading here 📖 https://lnkd.in/eWuzW8YQ

This is why couples starting families leave major metros altogether or move to the suburbs. They can’t afford to buy and supply of multi-bedroom apartments is very limited. It’s essentially a self-fulfilling prophecy. We need more “gentle density” attainable housing - 2-12-plexes and townhomes - allowed by right in “residential” zones.

June is National Homeownership Month, a time to celebrate the benefits of owning a home and to highlight the importance of expanding homeownership opportunities for everyone. Homeownership is a cornerstone of economic stability and community development, yet many individuals and families face barriers in achieving this dream. Included in the Houston Housing Collaborative's Comprehensive Housing Plan Framework for the City of Houston, the median sales price of a single-family home in Houston has more than doubled over the past decade, while homeownership rates have declined across most racial and ethnic groups. The homeownership affordability gap—the difference between what renter incomes can afford and the median home price—has surged, creating significant challenges for potential homeowners. To address these issues, we must prioritize affordable homeownership programs and policies that support diverse housing needs. This includes targeted incentives for developers, supportive zoning regulations, and comprehensive housing plans that ensure affordability for all income levels By fostering robust partnerships and leveraging innovative solutions, we can create a more inclusive housing market that empowers more individuals to achieve the stability and economic benefits that come with homeownership. https://lnkd.in/ggejCC7p #NationalHomeownershipMonth #AffordableHousing #Homeownership #EconomicStability #CommunityDevelopment #HousingEquity #HoustonHousing

Watch this NBC5 story to learn how building Missing Middle homes will help ease Vermont’s housing crunch: https://lnkd.in/eq4DtrHq

Right-sizing the housing supply in any major city requires a housing policies that keep pace with growing populations. Seattle's no exception. Like a lot of big cities these days, our zoning laws work against our best interests. Allowing for increased density is necessary for our city (and country) to address the housing crisis. #SeattleHousing #HousingCrisis #HousingDensity

Controversy erupts over low-income housing plan for trendy Detroit neighborhood As the city of Detroit continues to grapple with an affordable housing crisis, the controversy surrounding the proposed low-income housing project in Brush Park has left many residents feeling frustrated and unrepresented. The project has raised questions about gentrification, displacement and development. 🤔 It's clear that we must take bold action to support low-income housing that doesn't displace existing residents. 💪 Let's ensure that all of our city's residents have access to safe and secure housing. 🏠 We must also work together to ensure that the development of low-income housing is done in a way that is respectful of the existing community. 🤝 We must ensure that the voices of all Detroiters are heard and that everyone's rights are respected. 🗣 It's time for us to come together and find a solution that works for everyone. 🤝 What are your thoughts on this important issue? 🤔 #lowincomehousing #housingcrisis #affordablehousing #Detroit #Brushpark

This insightful piece sheds light on the pressing issue of housing scarcity, emphasizing the need for innovative solutions to address this nationwide concern. From urban centers to rural areas, the demand for affordable, quality housing continues to outpace availability, impacting individuals and families across the socioeconomic spectrum. #HousingCrisis #CommunityDevelopment #AffordableHousing