Quote:
Originally Posted by Innsertnamehere
These seem like quite small, modest steps, to be honest. Only a 3% increase a year? That's small potatoes, especially if you are starting from basically 0 already. Build 30 units a year because you are some super NIMBY suburb? Congrats, in a decade, they will have to build 40! wow!
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A minimum 3% increase is huge. These are wealthy, ultra-NIMBY suburbs with the same population today as in 1960. If you could get 3% housing growth every three years, it would be amazing.
And these communities don't currently build net 30 units a year. Many have net-negative housing units, due to mini-mansions replacing multiple smaller homes. Any housing growth would be nice.
A good example is Garden City, LI. Population around 23k. Population was higher in 1960 than today. Housing stock is actually declining every year, as modest homes get demolished.
Garden City has a bit fewer than 8k housing units. The new regulation requires a minimum of 240 net new units per 3 years, which hasn't happened in Garden City since the 1950's. There zero vacant land, so this will almost certainly be multifamily infill, in existing business districts, near rail stations.
And Garden City is perfect for infill. It's 100% walkable, all sidewalks, multiple rail stations. You could live without a car, and walk to almost everything. But the community is ultra-NIMBY, so won't change unless the state mandates change.