"It created a $100 million revolving fund to dramatically ramp up construction."
I don't see zoning reform mentioned anywhere in the article. Presumably the city's projects are still subject to the same zoning restrictions and regulations as a developer would on their own, but without the difficulty of trying to secure a loan.
This seems nice as an additive but doesn't represent a large fraction of the market. It helps in the first place because they're building more. If cities adopt reforms to help small developers, these projects would be redundant. We have examples of some cities improving in real time.
I don't see zoning reform mentioned anywhere in the article. Presumably the city's projects are still subject to the same zoning restrictions and regulations as a developer would on their own, but without the difficulty of trying to secure a loan.
This seems nice as an additive but doesn't represent a large fraction of the market. It helps in the first place because they're building more. If cities adopt reforms to help small developers, these projects would be redundant. We have examples of some cities improving in real time.