How to lower America's sky-high home prices: be more like Paris
Briefly

Cambridge, Massachusetts, traditionally resistant to new developments, is undergoing a significant pro-housing transformation. Recent legislation allows for increased apartment construction, including a new measure legalizing four to six-story buildings citywide. With average rents surpassing $3,400 and rising homelessness, local advocacy groups have pushed for housing reforms. Notably, past changes permitted denser construction in Central Square and implemented a 100% affordable housing overlay. This shift marks a crucial step in addressing the city's pressing housing challenges, suggesting the potential for widespread urban redevelopment and addressing community needs.
This measure could fundamentally alter the city's landscape and address the urgent need for housing, especially as rents soar and homelessness rises.
Cambridge's initiative represents a significant shift towards combating the housing crisis by expanding opportunities for development, even in a historically resistant community.
Read at Business Insider
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