During a recent government meeting, officials addressed the pressing issue of high land values and the challenges they pose to affordable housing development. The discussion highlighted a recurring theme: despite ongoing efforts to provide more affordable housing options, market dynamics have consistently driven prices upward, complicating development initiatives.
One official pointed out that previous general plans aimed at addressing these issues have not yielded the desired outcomes. The current market conditions have led to the construction of luxury townhouses and small apartments that fail to meet the community's affordable housing needs. The official emphasized the necessity of reevaluating zoning regulations to better align with the community's goals.
A significant proposal discussed was the potential for a mixed-use zoning approach, suggesting a two-thirds commercial and one-third residential mix for commercial properties. This shift aims to create a more balanced development model that could facilitate the inclusion of residential units in commercial zones, thereby addressing the housing shortage.
Concerns were raised about the existing Floor Area Ratio (FAR) regulations, which dictate the volume of construction allowed on a property. The officials agreed that these ratios should reflect the intended mix of commercial and residential use, advocating for adjustments that would promote more residential development in commercial areas.
The meeting concluded with a consensus on the need for increased density in housing projects, particularly for workforce and apartment-style housing. Officials acknowledged that past opportunities to build apartments were missed, and there is now a critical need to adapt to current housing demands to avoid further shortfalls in affordable options.