In the March 9, 2023 edition of the New York Law Journal’s Expert Analysis Section, David reviews various approaches municipalities can use to combat the housing crisis in New York. As many demographic studies and public policy groups have documented, New York is losing a large portion of its workforce as young professionals and others leave the area in search of more affordable housing. There is a shortage of housing options for this population, causing prices to spike as demand outpaces supply. David reviews several flexible zoning mechanisms, such as floating zones and overlay districts, that allow a community to target discrete areas within their borders for higher-density residential development. David also covers the benefits of using public/private partnerships to yield financially feasible development while limiting projects to areas with the appropriate infrastructure and amenities to cushion any potential impacts.
This article comes in the wake of the Governor’s proposed “Housing Compact” that aims to add 800,000 new homes in the State.