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

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Malaysia News News

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

jbarro this is terrible news

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines