a strong town naturally blends housing styles at many different price points.
This can be accomplished with several tactics:
- Encourage small-scale incremental development to empower local residents and increase community wealth.
- Adjust zoning laws to allow for more choices within the marketplace.
- Remove distortions in the federal mortgage market which favor the creation of single-family homes while discouraging any other housing style. (We explored this concept in depth in a series of articles in February 2016.)
An all-or-nothing development environment creates a built-in bias toward big actors who can weather wide market swings and are in a position to exploit them for profit.
Do you care about increasing housing options and ensuring that your town can appropriately house its residents?
Become a member of Strong Towns, the movement that is pushing for true housing choice and a resilient housing market.
If big developers keep snatching up huge plots of land in my city, I may never own a home. But if land is sold in smaller increments, that means more opportunities for small developers and home owners.