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Our city did this and it hasn't helped at all, because banks won't finance it. No minimum parking, no height limit, no maximum FAR, no maximum unit count.
yeah get rid of these next and you're set.
It's gonna take a lot of work, man. The regulatory capture here is extreme.
Everyone wants to point to capitalism for this, but this is what happens when you kneecap any economic system. That's why it's all over the world.
That's what I'm saying though, we got rid of those regulations, and it still doesn't matter. Banks want parking. Banks limit height. Banks limit unit counts. Developers routinely propose some pretty decent housing products, where they've run the numbers and they work, then go to get it financed and it very rapidly gets cut in half and turned to shit.
The only solution is for the city to finance and build themselves.
Cool. I'm down with that.
It'll never happen, even if there was the will to do it the city doesn't have the money (or the tax base to bring in that kind of money).
What city is that?