To build more housing and bring down soaring rents, New York should copy New Jersey - Business Insider

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Opinion | To build more housing and bring down soaring rents, New York should copy New Jersey. By jbarro.

to allow the construction of micro-apartments on our side of the Hudson.

. As a result it is possible to fit 50 apartments in a six-story building on a 9,000 square foot lot. This building is dense in the way Paris is dense — it's not that tall, but it covers most of the lot it sits on, and it contains small apartments. People like Paris, right?That means there's a smaller backyard and the rear windows will be closer to the neighbors than you might see with new New York construction.

Jersey City's more flexible rules have a real impact: they cause developers to build more homes that are more affordable. In 2019, Jersey City permitted 6,365 new housing units — that is, 24 permits for new homes for every 1,000 existing residents of the city. In the same year, New York City permitted 26,762 new housing units, or just 3 for every 1,000 existing residents.

 

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jbarro this is terrible news

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