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