I may be wrong, but I don’t think the result of these bills will result in more affordable housing opportunities as intended. I think it will be quite the opposite.
I think the true beneficiaries of this legislation will be individuals, as well as developers large and small who will, most likely, seek to maximize their returns by developing high-end units on their appropriate properties or land, as we will, and that does not bode well for those whom the bills were designed to benefit. Guess the brilliant legislators didn’t think of that aspect.
As far as the density issue that so many people are concerned about. Yes, it seems that could become a real issue over time, as some neighborhoods change from exclusively single family housing, to becoming intermingled with multi-family housing. Only time will tell if and how that will play out.
Many people in my hood of RSF are livid about this, but since most of us have multiple acre lots, you’ll really never know if your neighbor decides to build a small apartment house on their property or not, so, I’m not really worried about it, even if it does reduce property values to some degree in this particular setting. I don’t think many in this neighborhood will be taking advantage of these upzoning opportunities–but, if they do, it’s OK with me. We plan to take advantage of these opportunities, just not in this particular area.
