In the Zone

Valuation   |   Peter Haapaniemi

Posted In — News & Press | In the News

In many cities, upzoning — the rezoning of neighborhoods to allow for more density — has become a hot topic. Cities such as Washington, New York, Minneapolis and Austin, Texas, as well as states including California, Oregon and Maryland, have implemented upzoning programs or are considering them.

Proponents see many benefits to upzoning, including helping to create housing for the growing number of young people moving to urban areas; reducing emissions; and limiting sprawl. But a key driver is the nation’s housing affordability crisis, which is resulting in longtime residents and lower-income — and in some cases, middle-income — people being pushed out of some neighborhoods.

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