This recent article, published by McKinsey & Company, is worth the read. The article presents four interventions to address Columbus’s housing challenges. Fortunately, many of my friends, community leaders, industry professionals, developers and elected officials have been hard at work, pushing to solve these challenges. I’ll summarize these four solutions one by one over the next week. #Part1
🏘️ "Unlocking Housing Potential: The Power of Zoning" 🏘️
Zoning plays a pivotal role in shaping a city's housing landscape. In Columbus, where single-family zoning exceeds multifamily zoning, addressing the housing supply challenges requires thoughtful strategies.
✅ Increasing Housing Density: Zoning directly affects housing density. Many US cities restrict higher-density homes, hindering growth. Specific zoning adjustments could help bridge the housing gap and promote future growth in both cities and suburbs.
✅ Housing Hot Spots: Reusing and rezoning underused properties offer an immediate solution. By identifying high-impact housing areas in vacant or underutilized land, we can potentially create millions of new housing units without expanding the city's footprint.
Let's continue to tap into the existing housing capacity potential and work together to build more sustainable, affordable, and vibrant communities. Want to talk real estate? Let’s meet. #HousingSolutions #UrbanDevelopment #ZoningMatters #AffordableHousing #Advisory #investmentsales #multifamily #columbus #ohio Greysteel
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