Development near commuter train stations in the suburbs is the key to regional housing affordability.
That’s the conclusion of a new study from the Regional Plan Association, which claims more than 250,000 new homes can be added in the New York City suburbs by utilizing unused parking lots unlocked through ride sharing and the adoption of progressive zoning by local municipalities.
Currently, the RPA study found that one of the major obstacles to housing affordability is restrictive zoning. The study says that more than 60 percent of municipalities close to regional rail stations have zoning codes which greatly limit as-of-right multifamily housing and more than 25 percent only allow for low-density, single-family development “that keeps communities exclusively wealthy and white,” according to a RPA statement.
Read the full article in Long Island Business News.