The District of Columbia and Chicago have some of the most housing-friendly policies in the nation, according to a new report.
Washington, D.C. and Chicago are two of the cities doing most to promote ‘YIMBY’ housing policies, according to a new report from Pacaso, writes Neil Pierson in Yahoo! Finance.
“The report delves into the ‘Yes in My Backyard’ (YIMBY) movement, which involves numerous strategies to improve housing supply and lower the cost of living for homeowners and renters alike,” Pierson writes. In and around Washington, D.C., municipalities are loosening zoning codes to allow for more multi-unit housing types.
According to Pierson, “Washington, D.C., and Chicago were the only major metro areas in the country where more than half of ZIP codes met the YIMBY criteria. But others in the top 10 had at least one-quarter of ZIP codes qualify.”
The report concludes, “In the coming years, it’s crucial that these policies are implemented to the fullest extent possible in order to reduce housing prices in these communities and beyond.”
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