Making Housing More Affordable

Here are some of the ways, in which housing could be made more affordable:

• Smaller homes: This helps reduce construction costs and makes homes more affordable.
• Row houses: Row houses are often cheaper to build and maintain, making them a more affordable option.
• Rethinking zoning laws: For example, zoning laws could require developers to set aside a portion of new construction for affordable housing units, particularly in wealthier neighborhoods. They can also encourage compact development patterns that could decrease construction and maintenance costs, making housing more affordable.
• Increased supply: Building more homes, especially in areas with high demand, can help reduce prices.
• Public housing: For those who cannot afford even the reduced prices, public housing can provide a solution. This could provide decent and safe rental housing for low-income families, the elderly, and persons with disabilities.
• New construction’s ripple effect: The construction of new market-rate housing can have a positive impact on affordability in surrounding neighborhoods, making it possible for low-income households to access more affordable housing options.