New Rochelle’s New Housing Blueprint
Cato Podcast
Cato Institute
4.5 • 979 Ratings
🗓️ 22 November 2021
⏱️ 11 minutes
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| 0:00.0 | This is the Katori Daily Podcast for Monday, November 22nd, 2021. |
| 0:07.0 | I'm Caleb Brown. |
| 0:08.0 | New Rochelle, New York stands as a city that has gotten the government largely out of the way of new housing production. |
| 0:16.0 | Patrick Tuohy of the Better Cities Project says it's something other cities can easily emulate. |
| 0:20.0 | He explains how New Rochelle's city council got it done. |
| 0:24.0 | Housing is a huge problem in America and for, and I know you and I have discussed this, I've discussed this with Nolan Gray and some other people who follow housing very closely. |
| 0:35.0 | Even if you live in a city where housing is cheap and widely available and you feel comfortable with your situation. A lot of the problems, a lot of the |
| 0:46.1 | structures that exist in cities across the United States with regard to zoning and the approval process for new construction that sort of thing. |
| 0:55.4 | Those are the same structures that exist in a lot of the cities where we have this |
| 1:00.1 | skyrocketing prices because of decades of housing under production. |
| 1:05.0 | That's right. |
| 1:06.0 | And it's not necessarily market forces that are driving up the costs. |
| 1:10.0 | A lot of times it's the best intentions of local government, the process of getting approvals, |
| 1:16.4 | a permit, of building that takes so long and are so unpredictable for a developer that they'll take no for an answer, right? They'll like to be |
| 1:26.6 | told no, no you can't do this, that's fine. What drives up costs is being told yes, maybe in five years or invest a bunch of money and |
| 1:34.7 | come back to us in five years and maybe we'll change our plan it's that |
| 1:37.3 | uncertainty that's driving up cost even if you have a vibrant community and you've got an awful lot of demand. Cities get in their |
| 1:45.8 | own way. They say they want development and I believe they do but they can't take |
| 1:50.4 | their hands out of the till that want to micromanage. |
| 1:55.0 | So what did New Rochelle do? |
| 1:58.0 | Well, I guess we should understand this more broadly. |
| 2:00.0 | Zoning is overwhelmingly local. |
... |
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